Nippon Micronics raised its current-period ordinary profit forecast from the previous outlook and added to its record-profit forecast. The year-end dividend was also increased, indicating progress in the earnings recovery.
Nippon Micronics' cumulative consolidated ordinary profit for the third quarter (January–September) expanded to ¥12.6 billion, 3.3 times the year-earlier level, while revenue was ¥38,983 million. In response, the full-year ordinary profit forecast was revised from ¥36.7 billion to ¥37.5 billion, and the second-half profit plan was also substantially increased from the previous forecast.
The current-period net profit forecast was substantially revised upward from the previous period and raised to ¥26.8 billion. Earnings per share were also expected to be revised upward.
The year-end single dividend was increased from ¥178 to ¥208, and the dividend policy was revised. These changes appear intended to enhance shareholder returns alongside the expansion of second-half profit.
Based on its previous forecast, the company also raised its second-half outlook, announcing revenue of ¥60,794 million, ordinary profit of ¥21,240 million, net profit of ¥15,339 million and an adjusted dividend per share of ¥208.