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Sanrio Company ( (JP:8136) ) just unveiled an announcement.
Sanrio Company has announced revisions to its full-year financial forecasts for the fiscal year ending March 31, 2025, citing a significant increase in sales due to the 50th anniversary of Hello Kitty and other character anniversaries. The company has raised its sales forecast by 9.9 billion yen and expects higher operating and ordinary profits driven by increased licensing revenue and lower-than-expected expenses, indicating a strong performance trend in both domestic and international markets.
More about Sanrio Company
Sanrio Company, Ltd. operates in the entertainment and merchandising industry, primarily focusing on the creation and licensing of popular character goods. The company is best known for its Hello Kitty brand and has a strong market presence in North America and China, among other regions.
YTD Price Performance: 12.12%
Average Trading Volume: 917
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $9.93B
Learn more about 8136 stock on TipRanks’ Stock Analysis page.
