Electronic Computing System Holdings <4072> announced on the 11th that it has revised its full-year performance forecast for the fiscal year ending December 2024, which was disclosed on February 9.

Revenue is expected to be below the previous forecast due to difficulties in acquiring new projects and delays in the development of some large projects in the information services segment. In addition, the collection agency service segment is expected to fall below the previous forecast due to portfolio review-related reductions, decreases in the number of transactions with some existing customers, and delays in the operation of new customers. On the other hand, operating profit and ordinary profit in the information services segment are expected to fall below the previous forecast due to increased costs such as procurement costs and personnel expenses, as well as the need for further revision of man-hours due to unprofitable projects in software development from the previous period, leading to an increase in provisions for losses on orders received. Furthermore, net income attributable to parent company shareholders has been revised downwards due to the underperformance of some subsidiary companies compared to the plan and the inability to achieve the expected earnings at the time of acquiring the shares, resulting in impairment losses such as goodwill. Additionally, due to a significant decrease in the fair value of some of the investment securities held by the company, the company will record a special loss on the evaluation of investment securities.

Revenue has been revised to 61.2 billion yen (a decrease of 6.8% compared to the previous forecast), operating profit to 2.3 billion yen (a decrease of 43.9%), ordinary profit to 2.47 billion yen (a decrease of 40.0%), and net income attributable to parent company shareholders to 1.41 billion yen (a 49.5% decrease).