Naigai Tec raised its current-year ordinary profit forecast by 4% and increased its forecast for a record-high profit. It also indicated plans to raise its year-end dividend.
Naigai Tec announced its results on 13 November. Consolidated ordinary profit for the April-September period surged to ¥1.26 billion, 2.6 times the year-earlier figure. At the same time, it revised its full-year ordinary profit forecast from ¥2.54 billion to ¥2.65 billion, raising the projected growth rate from 82.9% to 90.8%.
Based on first-half results and the full-year plan, consolidated ordinary profit for the October-March period (second half) is expected to reach ¥1.39 billion, up 52.6% year on year. The year-end lump-sum dividend was revised upward from ¥72 to ¥77.
In the latest three-month period, consolidated ordinary profit for July-September rose sharply year on year to ¥660 million, while the operating margin remained broadly flat at approximately 5.0%.
The revision to the current-year earnings forecast, accompanying the upward revision to the full-year outlook, reflects an expected increase in second-half profit.