扶桑電通 indicated that ordinary profit for the current fiscal year is expected to decline 22% year on year, and disclosed that the dividend, which was increased in the previous fiscal year, is expected to be cut this fiscal year.
In its earnings report, 扶桑電通 indicated that consolidated ordinary profit for the current fiscal year is expected to decline approximately 22% year on year. Meanwhile, adjusted earnings per share for the current fiscal year was set at ¥101, while adjusted dividend per share, a dividend-related metric, was set at ¥101. Revenue and each profit item are expected to decline from the previous fiscal year's results.
The current fiscal year forecasts are revenue of ¥63,201 million, ordinary profit of ¥4,331 million and net income of ¥2,943 million, with adjusted EPS of ¥252.4 and adjusted dividend per share of ¥101. These figures are expected to decline or remain flat compared with the previous year's results. The first-half earnings forecast is consistent with the figures presented on 26/05/14 and anticipates consolidated results for the fiscal year ending September 2027.
Over the latest three-month period, revenue was ¥15,197 million, operating profit was ¥813 million, ordinary profit was ¥891 million, net income was ¥588 million and adjusted EPS was ¥50.5. Revenue and the various profit metrics have not changed significantly year on year and have continued to trend under the influence of seasonal factors and other considerations.
Key points to watch include how the change in the dividend policy for the current fiscal year affects the market and whether signs of a recovery in earnings emerge. The focus will be on the extent to which the gap between first-half results and the current fiscal year forecast is closed, as well as how trends in the payout ratio are reflected in investment decisions.