SENSHU ELECTRIC reported cumulative operating profit of ¥9.5 billion for the first 3 quarters, up 40.9% year on year, and raised its full-year forecast to ¥12.5 billion and its annual dividend from ¥160 to ¥170.
SENSHU ELECTRIC announced its third-quarter results, with cumulative operating profit showing a substantial year-on-year increase. The recovery trend in demand for semiconductor manufacturing equipment and machine tools was cited as a contributing factor.
The full-year earnings forecast was revised upward from the previous ¥11.2 billion to ¥12.5 billion, representing an expected increase of approximately 40% from the previous fiscal year. The upward revision is attributed to the recovery that progressed in the second half, making up for the sluggish performance in the first half.
The annual dividend was also raised from the previous plan of ¥160 to ¥170, strengthening the company’s shareholder return policy.
The market responded to the news from SENSHU ELECTRIC with a sharp rise for a second straight session, and the share price stood at ¥7,850, up ¥470 from the previous day.