Nippon Electronic Materials upgraded its first-half ordinary profit forecast to ¥5.3 billion, well above the previous forecast of ¥3.3 billion. The full-year outlook was also revised, and the annual dividend is expected to increase to ¥100.
Nippon Electronic Materials announced its earnings after the market close on 7 August and revised its earnings outlook for the first half of the fiscal year ending March 2027 (April-September). First-half ordinary profit is expected to reach ¥5.3 billion, a substantial increase from ¥2.44 billion in the same period of the previous year. The company also disclosed its revised first-half earnings outlook and dividend policy.
The first-half dividend was raised to ¥60 from ¥30 in the same period of the previous year. The company changed its plan from ¥40 to ¥60, with the annual dividend expected to be ¥100.
The full-year outlook was also revised, with ordinary profit raised to ¥9.3 billion from the previous forecast of ¥7.3 billion. The company also disclosed revised earnings per share (EPS) and dividend figures, with profit growth expected to accelerate compared with the previous year's results.
The company also disclosed cumulative first-quarter results: revenue of ¥4,992 million, operating profit of ¥1,180 million, ordinary profit of ¥1,264 million and net income of ¥868 million. Further disclosures on future earnings trends are awaited.