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Jimoto Holdings raises fiscal-year earnings forecast

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Jimoto Holdings raises fiscal-year earnings forecast

JimotoHoldings Inc. raised its earnings forecast for the fiscal yearended March 31, citing a higher valuation of securities and lower credit coststhan expected.

The company said May 6 that it raised its expected netincome attributable to shareholders for the year to ¥4.80 billion from itsprevious forecast of ¥3.50 billion.

Ordinary income for the year is projected at ¥5.20 billion,up from the company's prior forecast of ¥3.60 billion.

The company's revenue forecast remained the same.

As of May 6, US$1 wasequivalent to ¥106.70.