In its afternoon-session announcements, Aisan Industry raised its full-year operating profit forecast and dividend, while SHOFU, NF Holdings and Sanyo Denki also announced upward revisions and dividend increases on the same day. Although reactions suggesting that the catalysts had been fully priced in were seen, the specific revisions by each company were reported.
Aisan Industry raised its consolidated full-year operating profit forecast for the fiscal year ending March 2027 from the previous ¥19.50 billion to ¥20.50 billion. First-half operating profit was ¥11.12 billion, up 18.4% year on year, supported by stronger profitability in the context of the weaker yen. The company also announced that it would raise its interim dividend from ¥41 to ¥42 and its annual dividend from ¥83 to ¥84. The shares rose immediately after the announcement but extended their decline amid a sense that the catalysts had been fully priced in. The final share-price movement was not reported.
SHOFU raised its consolidated full-year net income forecast for the fiscal year ending March 2027 from ¥4.76 billion to ¥6.08 billion. Gains on the sale of investment securities related to the reduction of cross-shareholdings are expected to contribute to the upward revision. Full-year forecasts for sales, operating profit and ordinary profit were unchanged, suggesting the possibility of a record high.
NF Holdings raised its consolidated first-half operating profit forecast for the fiscal year ending March 2027 from ¥400 million to ¥540 million. The revision was driven by solid performance in measurement and control devices and customized power-related products. Although uncertainty remains regarding trends in material prices and other factors, stronger procurement and production capabilities boosted profit. The earnings announcement is scheduled for 30 October.
Sanyo Denki raised its consolidated full-year operating profit forecast for the fiscal year ending March 2027 from ¥16.29 billion to ¥20.02 billion. Increased demand for communications equipment, robots and semiconductor manufacturing equipment contributed to the revision, and the assumptions for sales and each profit measure were also revised upward. At the same time, the company indicated that it would raise its interim dividend from ¥80 to ¥90 and its year-end dividend from ¥90 to ¥110, resulting in an increase in the annual dividend from ¥170 to ¥200.