H2O Retailing Raises Earnings Forecast After Strong Quarter

H2O Retailing Corporation (JP:8242) has released an update.

H2O Retailing Corporation has upwardly revised its earnings forecasts for both the first half and the full fiscal year ending March 31, 2025, following stronger than expected first-quarter performance, particularly in the Department Store Business. The company also reported an extraordinary income gain from step acquisitions after making Ningbo Development Co., Ltd. a consolidated subsidiary. This revision reflects significant percentage increases in operating profit, ordinary profit, and profit attributable to owners of the parent compared to previous forecasts.

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