TOKYO -- Obic's operating profit will likely jump 15% to about 32 billion yen ($301 million) for the year ending Saturday, hitting a 24th straight record and beating its forecast of 8% growth to 30 billion yen, as workplace reforms in Japan have boosted system development demand from an array of industries.
The Tokyo-based software developer's sales are expected to rise 8% to more than 66 billion yen, topping its projection of 6% growth to 65 billion yen. Obic's system integration business has been the main driver as companies have sought to manage data from different departments under a single system.
