Asahi Yukizai sharply raised its earnings forecast for the current fiscal year and announced a substantial dividend increase. Market interest is rapidly growing, with the share price surging after the open.
Asahi Yukizai, whose core business is PVC valves, has been benefiting from strong demand for semiconductor manufacturing equipment and other applications, and earnings have remained strong recently.
After the market closed on the 28th, the company revised its earnings forecast for the fiscal year ending March 2027. Operating profit was sharply revised upward from the previous forecast of ¥8.5 billion to ¥12 billion, representing a substantial increase year on year.
At the same time, the company announced plans to strengthen shareholder returns by raising its annual dividend for the current fiscal year from ¥130 to ¥180. The dividend is also expected to increase substantially from the previous fiscal year's actual payment.
Following the announcement, buying flowed into the stock, and large-volume purchases led to a surge after the open.