東武住販 reported ordinary profit of ¥110 million for June-August (1Q), more than quadruple the prior-year period. It indicated that it plans to forgo the year-end lump-sum dividend for the current fiscal year.
東武住販 reported its results for June-August (1Q), with non-consolidated ordinary profit reaching ¥110 million, 4.0 times the prior-year period. Sales and operating margin improved, with the operating margin for June-August rising to 5.5% based on the latest three-month results.
At the same time, the company indicated that it plans to forgo the year-end lump-sum dividend for the current fiscal year due to the tender offer. Progress against the initial first-half plan of ¥260 million was 43.5%, above the five-year average of 31.6%.