JAPAN ELECTRONIC MATERIALS CORPORATION announced that it had raised its full-year ordinary profit forecast by 29% and expects record-high profit. The increase in demand for generative AI and a policy of increasing dividends are cited as the background.
JAPAN ELECTRONIC MATERIALS CORPORATION indicated that it expects to raise its full-year ordinary profit forecast by 29%, increasing the likelihood that full-year profit will reach a record high. The announcement cited rising demand related to generative AI as a factor behind the upward revision.
The upward revision is reportedly accompanied by an improvement in profit levels and a review of the dividend policy, and an increase in dividends may be under consideration. The article provides no specific figures or dates.
Market participants are focusing on the possibility that expanding generative AI demand could affect the company's orders and production plans, and are closely monitoring future earnings trends and dividend policy developments.