Celsys has revised its consolidated earnings forecast for the fiscal year ending December 2024, citing strong performance following the release of CLIP STUDIO PAINT version 3.1 on July 30. The company now projects higher sales and profits than previously anticipated.
The company expects sales to reach 8,090 million yen (approximately US$55.5 million), a 3.7% increase over the previous forecast of 7,723 million yen. This increase is attributed to the strong annual recurring revenue (ARR) and robust subscription sales of CLIP STUDIO PAINT, which are anticipated to continue their momentum from August onwards.
Operating profit is now projected to be 1,988 million yen, up 20.1% from the prior estimate of 1,655 million yen. Similarly, ordinary profit is expected to rise to 2,117 million yen, a 1.4% increase over the earlier forecast. The most significant change is in net profit, which is anticipated to surge by 80.1% to 1,340 million yen, compared to the previous forecast of 744 million yen.
Despite increased costs related to preparations for listing on the Tokyo Stock Exchange Prime Market, the company has streamlined development investments and implemented cost-review measures to improve the balance of income and expenditures across the group. These efforts are expected to drive profits significantly higher than previously projected.
It’s worth noting that sales figures for the previous fiscal period included 1.071 billion yen from the UI/UX business, which was transferred in August 2023. Excluding the UI/UX business, sales for the previous period were 7.02 billion yen.
