OBIC Co ( (OBIIF) ) has released its Q3 earnings. Here is a breakdown of the information OBIC Co presented to its investors.
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OBIC Co., Ltd. is a Japanese company listed on the Tokyo Stock Exchange, specializing in providing comprehensive IT services and solutions, primarily in the software sector.
In its latest earnings report for the nine months ending December 31, 2024, OBIC Co. has shown a notable increase in its financial performance metrics. The company reported net sales of ¥89,723 million, marking a 7.3% increase from the previous year, and an operating profit of ¥58,566 million, which is a 9.5% rise compared to the same period last year.
The company’s ordinary profit saw an increase of 11.3%, totaling ¥68,165 million, while the profit attributable to owners of the parent rose by 12.6% to ¥49,020 million. The basic earnings per share also improved, reaching ¥111.44. Notably, OBIC Co. conducted a 5-for-1 share split on October 1, 2024, which was reflected in the earnings per share calculations.
Looking ahead, OBIC management is optimistic about its fiscal year ending March 31, 2025, with forecasts estimating net sales of ¥122,800 million and a profit attributable to owners of the parent at ¥63,000 million. The company seems poised for continued growth in its financial metrics, reinforcing its position in the IT services industry.
