KNT-CT Revises Full-Year Earnings Forecast Upwards, Net Profit to Reach 4.5 Billion Yen

KNT-CT Holdings

KNT-CT Holdings has upwardly revised its full-year financial forecast for the fiscal year ending in March 2024.

The company now expects sales revenue to reach 250 billion yen (an increase of 12 billion yen from the previous announcement), operating income of 5 billion yen (up 15 billion yen), ordinary income of 5.5 billion yen (up 20 billion yen), and net income of 4.5 billion yen (an increase of 15 billion yen).

Despite anticipated declines in sales revenue, primarily due to the Noto Peninsula earthquake affecting personal travel, handling of overseas travel and inbound tourism has performed better than expected. The company has decided to forgo dividend payments for the end of the fiscal period.

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