Sanrio Company (JP:8136) has released an update.
Sanrio Company, Ltd. has upwardly revised its earnings and dividend forecasts for the first half and the full fiscal year ending March 31, 2025, due to stronger than expected sales and profits from its brick-and-mortar stores, theme parks, and License business. The revisions reflect a significant uptick in customer traffic, success in North America and China, and improved profitability from a higher proportion of License business sales. These positive trends are expected to continue into the second quarter and beyond, prompting the company to adjust its forecasts to account for the sustained growth.
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