CHUDENKO raised its current-year ordinary profit forecast by 16% and indicated that profit is expected to reach a record high for the first time in 33 years. It will also increase its dividend per share by ¥10.
CHUDENKO raised its current-year earnings outlook and significantly increased its ordinary profit forecast from the previous estimate. Under the revised outlook, ordinary profit is projected at ¥34,300 million and net profit at ¥22,800 million, while revised EPS is expected to be ¥430.55 and the dividend per share ¥150. Ordinary profit is approximately 16.3% higher than the previous forecast, pointing to a record high for the first time in 33 years.
In the results for the cumulative second quarter, revenue was reported at ¥106,376 million, operating profit at ¥13,197 million, ordinary profit at ¥13,846 million and net profit at ¥8,771 million. The announcement date was 26/10/30, and first-half results formed the basis for the revised outlook, leading to an increase in the full-year forecast for the current fiscal year.
The revision represents a significant upward adjustment from the previous forecast, and attention will focus on progress going forward and the announcement of the final results. The dividend increase was also announced, making it a point of interest from the perspective of shareholder returns.
The figures stated in this article are based on the earnings summary and disclosure materials, and the outlook going forward depends on the company’s published information.