NSD announced upward revisions to its earnings forecast and annual dividend, sending its share price higher. First-half operating profit was revised up to ¥8.9 billion and full-year operating profit to ¥20.1 billion, while the annual dividend was also revised to ¥100.
NSD announced an upward revision to its earnings forecasts the previous day and ended trading higher. First-half operating profit was raised from the previous forecast of ¥8.4 billion to ¥8.9 billion, representing expected growth of 8.0% year on year.
The full-year operating profit forecast was also raised from ¥19.5 billion to ¥20.1 billion, representing expected growth of 5.4% from the previous fiscal year. Systems development projects, particularly in the financial IT segment, are expected to benefit from upgrades to existing systems and expansion of existing projects.
The annual dividend was also raised from the previous plan of ¥97 to ¥100, reflecting a revision to the dividend policy. The share price rebounded immediately after the announcement.