Zeria Shinyaku Industry reported first-half ordinary profit up approximately 95% year on year, with progress against its full-year plan at 39.9%, and revised its dividend forecast for the current fiscal year up by ¥1.
Zeria Shinyaku Industry announced its results for the cumulative second quarter (April–September) on 4 November, reporting consolidated ordinary profit of ¥5.19 billion, up 95.4% year on year. Meanwhile, progress against the full-year plan of ¥13 billion stood at just 39.9%, below the five-year average of 54.3%.
The company's outlook for the second half calls for ordinary profit of ¥7.8 billion in the October–March period, down 6.9% year on year. Based on this estimate, the full-year results may be viewed as increasingly difficult to achieve.
At the same time, the company revised its annual dividend forecast for the current fiscal year up from the previous ¥50 to ¥51. The dividend was ¥49 in the previous fiscal year.
Ordinary profit for the latest 3-month period, July–September, expanded sharply to ¥3.75 billion, 3.8 times the year-earlier level, while the operating profit margin on sales improved substantially from 10.4% in the same period a year earlier to 15.4%.