Acom Raises Fiscal-Year Forecasts on Better Than Expected Interests, Weaker Yen

MT Newswires Live04-20 16:44

Acom (TYO:8572) raised its attributable profit forecast for the fiscal year ended March 31 to 79.6 billion yen from 72.2 billion yen initially, according to a Tokyo bourse filing on Monday.

The consumer loan company now expects basic EPS to reach 50.81 yen from 46.09 yen previously, and operating revenue to reach 337.7 billion yen from 331.8 billion yen.

The upward revision was driven by interest on operating loans exceeding expectations and the impact of yen depreciation, while operating expenses fell below plan due to lower provisions for bad debts and loss on interest repayment.

Additionally, Acom raised its year-end dividend forecast to 12 yen per share from 10 yen previously.

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