佐藤食品工業 announced its results after the close on 6 November. Ordinary profit for the six months ended September was ¥740 million, up 66.6% year on year, while full-year ordinary profit was revised upward to ¥1.16 billion. The annual dividend was also raised from ¥25 to ¥27.
佐藤食品工業 posted ordinary profit of ¥740 million for the six months ended September (April-September) of the current fiscal year, up 66.6% year on year, reversing its previous forecast for a decline and finishing with an increase in profit.
At the same time, the full-year ordinary profit forecast was revised upward from ¥540 million to ¥1.16 billion, indicating an expected increase in profit from the previous fiscal year.
Ordinary profit for the most recent three months (July-September) was ¥230 million, up 44.8% year on year, while the operating margin improved from 8.7% to 11.8%.
The annual dividend for the current fiscal year was revised upward from the previously planned ¥25 to ¥27.