Takamatsu Machinery raised its consolidated earnings forecast for the fiscal year ending March 2027, increasing its forecasts for revenue, operating profit and net income, and raising its year-end dividend forecast to ¥10 and its full-year dividend forecast to ¥15. It will also conduct a share buyback.
After the close of trading on the 9th, Takamatsu Machinery raised its consolidated earnings forecasts for the fiscal year ending March 2027, lifting revenue from ¥14.840 billion to ¥16.115 billion, operating profit from ¥151 million to ¥493 million, and net income from ¥133 million to ¥437 million. Accordingly, it raised its year-end dividend forecast from ¥5 to ¥10 and set its full-year dividend forecast at ¥15, compared with ¥10 for the previous fiscal year.
The company said it expects to maintain a certain level of order backlog in its core machine tools business and continued strong demand in its IT-related manufacturing equipment business, supported by buoyant semiconductor markets. It also said that efforts to improve profitability are expected to contribute. For the six months ended September, revenue was ¥6.998 billion, operating profit was ¥41 million, and net income was ¥35 million.
The company also announced a share buyback, with purchases capped at 520,000 shares or ¥300 million. The acquisition period runs from 10 November to 31 March next year, and the company said it purchased 448,300 shares through ToSTNeT-3 on the morning of the 10th.