大末建設 substantially raised its first-half operating profit forecast from the previous forecast, and also increased its full-year forecast and annual dividend. The revisions were attributed to better-than-expected construction progress and improved profitability, and the stock opened at its daily price limit.
Following the upward revision to its earnings outlook announced the previous day, 大末建設 raised its first-half operating profit forecast from ¥3.11 billion to ¥4.61 billion. This represents an approximately 88.8% increase year on year, while its full-year operating profit forecast was also raised from ¥5.75 billion to ¥7.05 billion.
The company said that construction progress was ahead of expectations and that construction profitability had also improved. It indicated that these factors had improved its profitability.
The dividend forecast was also raised, with the annual dividend increased from the previous plan of ¥186 to ¥234. The company reaffirmed its policy of enhancing shareholder returns.
The company also announced plans to conduct a share buyback through off-auction transactions, with a maximum of 176,000 shares.