Sanrio shares swung sharply after the Hello Kitty owner issued a profit forecast that beat analyst estimates. The company expects operating income of $554 million for the year ending March 2027, exceeding the average analyst projection. Fourth-quarter net sales rose 27% year-over-year, also above estimates, signaling continued strength in its character and intellectual property business. The stock briefly surged nearly 12% in early Tokyo trading before reversing to a 5% decline and later trading little changed. The update followed a delay in full-year results due to an investigation into improper compensation involving a managing director who received around $1.68 million without proper approval.
Sanrio Co. Ltd.Profit forecast of $554 million beats analyst estimates, and Q4 net sales rose 27% year-over-year.