Operating profit for Q3 FY2023 exceeded that of FY2019 and reached a record high.

The company reported net sales of 23,953 million yen, gross profit of 13,343 million yen, operating income of 3,717 million yen, ordinary income of 3,764 million yen, and net income attributable to owners of the parent of 2,514 million yen for the third quarter of the fiscal year ending December 31, 2023. Sales increased by 29.6％ and operating profit by 90.7％. Operating profit for Q3 FY2023 exceeded that of FY2019 and reached a record high.

In the GLOBAL WiFi business, outbound rentals and sales during July to September 2023 recovered to 52.6% and 87.2%, respectively, compared to July to September 2019. Inbound rentals and sales increased by 177.8% and 187.7%, respectively. In outbound service, demand for “Unlimited Data Plan” and “Ultra-High-Speed 5G Plan” was high, and the ARPU remained high.

In the Information and Communications Service business, sales of office automation equipment remained strong due to an increase in sales personnel. Aggressive sales expansion of monthly subscription based in-house services. Continued mid-career recruitment to increase personnel due to business expansion.

Topics include: (1) “Vision Hikari” service launched; (2) In the Glamping business, Koshikano Onsen “General Election 2023 for Onsen Inns and Hotels” won first place in Japan in all four categories entered; and (3) Opened “Onsen Ryokan Glamping,” which combines the best of glamping and hot spring inn. Mr. Sano, Chairman and CEO, talks about the details.