Seiren raised its current-year ordinary profit forecast from its previous estimate and further lifted its record-profit forecast. It will also increase its annual dividend by ¥10.
Seiren announced its results during the afternoon session on 10 November, reporting consolidated ordinary profit of ¥12.4 billion for the cumulative second quarter of the fiscal year ending March 2027, up 14.0% year on year.
It raised its full-year ordinary profit forecast 8.7% from the previous estimate of ¥23.0 billion to ¥25.0 billion, expanding the projected profit growth rate from 4.5% to 13.6%. The company further lifted its record-profit forecast.
Based on first-half results and its second-half plan, consolidated ordinary profit for the October-March period is expected to rise 13.3% year on year to ¥12.5 billion. Second-quarter ordinary profit was ¥5.34 billion, while operating margin on sales fell from 12.0% to 10.7%.
The annual dividend forecast was revised upward from the previous plan of ¥76 to ¥86.