四電工: Full-year earnings forecast revised upward, annual dividend increased to ¥100

四電工 raised its consolidated earnings forecast for the fiscal year ending March 2027 on 30 October. Revenue was increased by ¥2 billion from the previous forecast to ¥110 billion, operating profit by ¥1.6 billion to ¥11 billion, ordinary profit by ¥1.6 billion to ¥11.5 billion, and net income attributable to owners of the parent by ¥1.3 billion to ¥7.9 billion. The revisions took into account steady construction progress through the second quarter and the status of projects already secured. The company said it would consider reviewing the numerical targets of its Medium-Term Management Guideline 2030 while monitoring developments. The next revision will be a point of focus.

For dividends, the interim dividend was increased from the latest forecast of ¥42 to ¥50, while the fiscal year-end dividend forecast was also raised from ¥42 to ¥50. The annual dividend is now ¥100, up ¥16 from the previous forecast and ¥23 higher than the ¥77 recorded in the previous fiscal year. The measures are in line with the shareholder return policy. The payout ratio is expected to remain at approximately 60%, indicating a policy of directly linking earnings growth to shareholder returns. The details of the review of the medium-term targets will be a focus going forward.

The operating margin is expected to be 10.0% after the revision, above the previous forecast of 8.7%. Profit is expected to increase by more than the 1.9% upside in revenue, reflecting a structure in which steady construction progress is driving profit growth. The market will focus on the outlook for future earnings and the redesign of Medium-Term Guideline 2030.

Information disclosed on the same date also indicated that progress on related metrics and the details of the review of the medium-term plan will await future disclosure.