Auto Server <5589> announced that it has revised its financial estimates and dividend forecasts for the fiscal year ending December 2024, which were disclosed on February 13.
For the fiscal year ending December 2024, the distribution of new and used autos is on a recovery trend, and the number of transactions in the company's ASNET business exceeds expectations. Various sales initiatives aimed at expanding ASNET usage have been successful, leading to higher revenue and all profit and loss items than the previous performance forecast.
The full-year financial estimates for the fiscal year ending December 2024 have been revised upwards, with revenue at 6.202 billion yen (previously expected to increase by 2.4%), operating profit at 2.382 billion yen (an increase of 12.4%), ordinary profit at 2.373 billion yen (an increase of 12.4%), and net income at 1.478 billion yen (an increase of 11.1%).
The dividend forecast for the fiscal year ending December 2024 has been revised from 57 yen per share to 63 yen per share, based on a dividend payout ratio of 30%.