GIFT HOLDINGS announced its 3Q results. Cumulative operating profit rose 56.5% year on year to ¥3.72 billion, while the full-year plan was left unchanged at ¥5 billion. The year-end dividend was raised to ¥8, bringing the annual dividend to ¥14.5. Despite the strong results, the surprise was limited, and a sense that the positives had been fully priced in spread after the initial buying ran its course.
GIFT HOLDINGS reported cumulative operating profit of ¥3.72 billion for the third quarter, an increase of 56.5% year on year. The full-year plan remained unchanged at ¥5 billion. The year-end dividend was raised from ¥6.5 to ¥8, bringing the annual dividend to ¥14.5, an increase of ¥3.5 from the previous fiscal year. These announcements were positively received by the market, although the slowing trend in quarterly operating profit growth was also noted.
Meanwhile, the results contained few surprises and their impact was viewed as limited. As a result, the stock suffered a sharp pullback, followed by a market in which a sense that the positives had been fully priced in prevailed after the initial buying ran its course.