Sales increased by 34.3％ and operating profit by 163.4％.

The company reported net sales of 15,620 million yen, gross profit of 8,476 million yen, operating income of 2,428 million yen, ordinary income of 2,462 million yen, and net income attributable to owners of the parent of 1,614 million yen for the second quarter of the fiscal year ending December 31, 2023. Sales increased by 34.3％ and operating profit by 163.4％.

In the GLOBAL WiFi business, the number of outbound travelers from January to June 2023 was 3.61 million, 37.9% compared to 2019, which is still recovering. On the other hand, the number of foreign visitors to Japan during the same period was 10.71 million, recovering to 64.4% compared to 2019. Outbound rentals and sales during January to June 2023 recovered to over 40% and 74.1% respectively, compared to January to June 2019. Inbound rentals and sales increased by 147.1% and 158.4%, respectively.

In the Information and Communications Service business, Sales of products (office automation equipment, mobile communication devices, etc.) remained strong. Aggressive sales expansion of monthly subscription based in-house services. Continued mid-career recruitment to increase personnel due to business expansion. Renovated the Shinjuku and Kansai office, and improved the office environment to improve productivity and strengthen recruitment.

Full-year earnings forecasts revised to net sales of 30,095 million yen, gross profit of 16,941 million yen, operating income of 4,019 million yen, ordinary income of 4,053 million yen, and net income attributable to owners of the parent of 2,673 million yen. The economy is recovering moderately as employment and income improve and various policies are effective, although it is necessary to pay close attention to the impacts of rising prices and fluctuations in the financial and capital markets. Based on the results of the first half, the current situation, and active investment in each business, the full year earnings forecasts have been revised upward. Mr. Sano, Chairman and CEO, talks about the details.