飯野海運 announced that it had raised its full-year earnings forecast for the fiscal year ending March 2027 and would increase its interim and year-end dividends to a total of ¥60 annually.
On the 5th, 飯野海運 raised its full-year consolidated earnings forecast for the fiscal year ending March 2027. It raised sales from the previous forecast of ¥136 billion to ¥149 billion, operating profit from ¥12 billion to ¥14 billion, ordinary profit from ¥9.6 billion to ¥11.7 billion and net profit from ¥14 billion to ¥15.8 billion.
Based on its basic policy of raising the interim dividend from ¥27 to ¥30 and the year-end dividend forecast from ¥26 to ¥30, the annual dividend is expected to be ¥60, an increase of ¥7 from the latest forecast.
The dividend revision reflects firm market conditions for chemical tankers and dry bulk carriers, favorable effects from the weaker yen, and expectations that market conditions will remain firm from the third quarter onward. The latest forecast also assumes closure of the Strait of Hormuz during fiscal 2026.