ノースサンド revised its ordinary profit forecast for the current fiscal year up 7%, maintained its forecast for record-high profit above the previous forecast, and announced a ¥2 increase in the year-end dividend. The results were released after the close of trading on 11 September.
ノースサンド released its earnings report, announcing that ordinary profit for the February–July period rose 68.7% year on year to ¥3.77 billion. Based on this, it revised its full-year ordinary profit forecast upward by 6.6%, from the previous forecast of ¥8.64 billion to ¥9.22 billion, raising the projected growth rate to approximately 68.3%.
Based on its February–July results and plans for the second half, the company estimated ordinary profit for the August–January period at ¥5.44 billion, up 68.0% year on year. Accordingly, it indicated that it plans to increase its year-end dividend, paid as a single payment, from ¥33 to ¥35.
For the cumulative second-quarter results, revenue was ¥18,445 million, ordinary profit was ¥3,773 million, and net income was ¥2,783 million. The basis for the announcement date and other items is presented on a standalone basis.
In its revisions to the current fiscal-year forecasts, net income was raised from the previous forecast of ¥6,405 million to ¥6,823 million, forecast earnings per share after the revision were raised to ¥98.9, and the dividend was raised to ¥35. Under the second-half forecast, revenue is also expected to reach ¥22,115 million, while ordinary profit is projected at ¥5,448 million and net income at ¥4,040 million.