Aoba-BBT <2464> announced that there was a discrepancy between the financial estimates for the consolidated performance of the fiscal year ending March 2024, disclosed on May 15, 2023, and the actual performance announced today. In addition, the consolidated numerical targets of the medium-term management plan announced on June 22, 2022 were revised.

Actual results were: revenue of 7.474 billion yen, a 7.5% decrease compared to the previous estimate; operating profit of 383 million yen, a 41.1% decrease; ordinary profit of 388 million yen, a 41.5% decrease; net income attributable to parent company shareholders of 242 million yen, a 46.4% decrease; and net income per share of 17.52 yen.

In order to continue to increase sales since last year, we have been actively engaging in upfront expenses and upfront investments, and although these upfront investments contributed to sales and profits during the period, they did not reach the initial planned level. In addition, operating profit, ordinary profit, and net income for the period fell below the previous forecast due to changes in the specific underlying conditions of each business unit. We have also revised the consolidated numerical targets of the medium-term management plan based on the consolidated performance. Revenue is expected to be 83.13 billion yen (initial plan was 100.00 billion yen), operating profit is expected to be 501 million yen (10.50 billion yen), and net income for the term is expected to be 296 million yen (7.00 billion yen).

In addition, based on the consolidated performance, we have revised the consolidated numerical targets of the medium-term management plan. Revenue is set at 83.13 billion yen (initial plan was 100.00 billion yen), operating profit is set at 501 million yen (10.50 billion yen), and net income for the term is set at 296 million yen (7.00 billion yen).