During the morning session, BayCurrent announced its first-half operating profit and medium- to long-term plans. The report covered developments at several companies, including TKP's higher first-half profit and first dividend, the increase in Oasis Management's stake in Nidec, and Demae-can's expected return to profitability.
BayCurrent announced consolidated first-half operating profit of ¥29.89 billion for FY2027 (ending February 2027), up 28.5% year on year, as higher revenue drove profit growth. This exceeded the market consensus of ¥28.60 billion. The company also announced a growth roadmap for 2030 and 2035, presenting revenue targets for FY2031 and FY2036. It explained that its current plan was progressing ahead of schedule and also announced a change in its cash management policy.
TKP reported consolidated first-half operating profit of ¥4.68 billion for FY2027 (ending February 2027), up 44.5% year on year. Steady demand for space services, including meeting rooms, accommodation and food and beverage services, contributed to the result, as did demand for social gatherings and higher unit prices driven by inbound tourism. The full-year profit forecast for FY2027 was unchanged at ¥11.0 billion. The company also raised its year-end dividend from ¥0 to ¥30 and announced a policy of paying a year-end dividend once a year going forward.
It was disclosed that Oasis Management had increased its holdings in Nidec, raising its stake from 7.97% to 9.00%.
Demae-can announced a consolidated operating loss of ¥8.29 billion for FY2026 (ending August 2026). Revenue declined 1.7%. The company expects to post an operating profit in the first quarter of FY2027 (ending August 2027).
MORESCO raised its consolidated full-year operating profit forecast for FY2027 from ¥2.40 billion to ¥4.50 billion. Sales of automotive oils and other products increased at locations outside China, while improvements in raw material pricing and sales of high-value-added products also contributed. The year-end dividend was also raised to ¥70, bringing the annual dividend to ¥95.