Shirai Electronic Industrial announced a substantial upward revision to its current-year ordinary profit forecast and an ¥8 increase in its dividend. Under the new earnings outlook, revenue is expected at ¥32.0 billion, ordinary profit at ¥1.6 billion and net profit at ¥1.0 billion.
The revised figures for the current fiscal year are revenue of ¥32.0 billion, operating profit of ¥1.8 billion, ordinary profit of ¥1.6 billion and net profit of ¥1.0 billion. Revised earnings per share are ¥66.23, and the dividend has been raised to ¥28.
The dividend forecast for the new fiscal year has been increased by ¥8 from the previous ¥20 to ¥28, while the current-year ordinary profit forecast has been revised upward to approximately double the previous forecast.
The revision was disclosed together with the publication date for the financial results period, showing the changes compared with the previous forecast as of 25/11/06. Further information and disclosures are awaited.