Kitagawa Iron Works Co., Ltd. raised its earnings forecast for the fiscal year ending March 2027 and also increased its forecast for the annual dividend. The industrial machinery business is expected to be the main contributor to earnings.
Kitagawa Iron Works Co., Ltd. raised its earnings outlook for the fiscal year ending March 2027. Operating profit is expected to reach ¥4.50 billion, representing a substantial increase from the previous fiscal year.
The company also indicated an annual dividend of ¥110, raising its forecast from the previous estimate of ¥64. The annual dividend for the previous fiscal year was ¥102. The industrial machinery business is expected to be the main contributor to earnings.