The company reported a first-quarter profit of 124.3 million Japanese yen, translating to roughly $781,544. This result represents a marginal increase from the 122.5 million yen profit recorded during the same period last year, although earnings per share saw a slight dip to 4.75 yen from 4.92 yen. Revenue performance provided a clearer growth signal, climbing 10% to reach 2.95 billion yen.
In section Market Quotes
Leifras Shares Jump 22% Following First-Quarter Earnings Beat
A 22% surge in after-hours trading greeted Leifras on Thursday, pushing its American depositary receipts to $2.59. The jump follows the Japanese sports and social business firm’s latest quarterly disclosure, which signaled a rebound in revenue despite a year-to-date decline in the company’s valuation.
Investors reacted to the results with optimism, providing a brief respite for a stock that had struggled throughout the year, closing down 2.8% at $2.12 on Thursday prior to the announcement. Looking ahead, management reaffirmed its full-year guidance, projecting revenue growth to fall between 11% and 28%.
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