Appirits Inc. has revised its consolidated earnings forecast for the fiscal year ending January 2025, citing significant delays in its Web Solutions business. While sales remain unchanged at 9 billion yen, operating profit has been cut by 55.5%, from 678 million yen to 301 million yen, with ordinary and net profits also expected to decline sharply.
The company’s online game and digital human resources businesses performed in line with expectations during the first half of the year. However, delays in a major Web Solutions project led to unprofitability and a shortage of resources, further hampering the acquisition of new projects. Consequently, operating profit and below are forecast to drop significantly, despite sales hitting initial targets.
In response, Appirits plans to overhaul its project management systems, focusing on improving middle management oversight, enhancing project monitoring, and preventing future unprofitable projects as it seeks to stabilize its revenue base.
