Okaya Koki raised its ordinary profit forecast for the current period, reversing its previous projection for a decline to forecast slight growth and a record high. It also plans to increase the annual dividend by approximately 5% on an effective basis.
Okaya Koki announced its earnings around midday on 30 September. Consolidated ordinary profit for the cumulative second quarter of the fiscal year ending February 2027, covering March to August, rose 11.7% year on year to ¥27.2 billion. The company consequently raised its full-year ordinary profit forecast from the previous ¥40.0 billion to ¥45.5 billion, which is expected to exceed the previous fiscal year's ¥45.4 billion.
Based on the company's forecast, consolidated ordinary profit for the second half is calculated to fall 13.5% year on year to ¥18.2 billion. Full-year profit has nevertheless been revised upward, with growth of 0.03% expected and a sixth consecutive record high anticipated.
The annual dividend for the current fiscal year was revised from ¥86 to ¥90. After taking the stock split into account, this represents an effective increase of approximately 4.7%. Ordinary profit for the latest three-month period, June to August, was ¥13.9 billion, up 4.9% year on year, while the operating margin on sales edged down from 3.9% to 3.6% and remained flat at that level.