Nippon Carbide Industries revised its ordinary profit forecast for the current fiscal year upward by 21%, raised its record-profit forecast and increased its annual dividend to ¥163. First-half results showed higher profit year on year, and the increased dividend was reflected at the fiscal year-end.
Nippon Carbide Industries released its earnings report on 9 November. Cumulative consolidated ordinary profit for the second quarter (April–September) was ¥2.85 billion, up 20.7% year on year, indicating steady earnings performance.
The company revised its full-year ordinary profit forecast upward from ¥4.7 billion to ¥5.7 billion, expanding the projected growth rate from 2.6% to 24.4%. Accordingly, it revised its annual dividend for the current fiscal year upward from ¥134 to ¥163.
For the most recent 3-month period, consolidated ordinary profit for the July–September quarter was ¥1.8 billion, up 35.4% year on year, while the operating margin on sales improved sharply from 9.0% in the previous period to 13.2%.
For the remainder of the current fiscal year, ordinary profit for the second half is estimated at ¥2.84 billion, up 28.3% year on year.