三和油化工業 has upwardly revised its current-year ordinary profit forecast from the previous forecast and expects a 29% increase in profit, marking a record high for the first time in 4 periods. The year-end dividend is also scheduled to increase by ¥10.
三和油化工業 announced on 13 November that consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2027 (April-September) had surged to ¥1.23 billion, 2.1 times the same period of the previous fiscal year. The result exceeded the previous forecast of ¥760 million, and performance has remained strong.
The company upwardly revised its full-year ordinary profit forecast from the previous ¥1.62 billion to ¥2.2 billion and expects profit to increase by 29.3% year on year. This is expected to result in a new record profit for the first time in 4 periods.
Based on first-half results and the full-year plan, second-half ordinary profit is calculated to decline 13.7% year on year to ¥960 million. Meanwhile, ordinary profit for July-September was ¥540 million, up 59.1% year on year, while the profit margin on sales improved.
The company also expects to increase its year-end dividend only from the previously planned ¥50 to ¥60, and announced the corresponding increase in the dividend.