VEGA raised its full-year forecasts for the fiscal year ending March 2027 and announced a dividend increase and share buyback at the same time. It expects revenue of ¥21.600 billion and ordinary profit of ¥1.710 billion, and will raise its annual dividend to ¥20 while conducting a share buyback of up to 100,000 shares worth ¥150 million from 2 November to 18 December.
VEGA raised its full-year forecasts for the fiscal year ending March 2027, increasing its outlook for revenue and ordinary profit. It also announced that it would increase its annual dividend by ¥2, from ¥18 to ¥20.
The company also approved a share buyback, with a maximum of 100,000 shares and a total value of ¥150 million. The purchases are scheduled to run from 2 November to 18 December.
Factors behind the upward revision included strong sales driven by the expansion of physical store openings and omnichannel initiatives involving its direct-to-consumer e-commerce business, as well as a gross margin that exceeded expectations due to cost-ratio management using forward foreign-exchange contracts.
The announcement may give the market the impression that the company's growth strategy and improvements in cost management are progressing smoothly.