TKP, a major provider of rental meeting rooms, announced that it achieved substantial profit growth in its cumulative consolidated results for the second quarter of the fiscal year ending February 2027. The company also indicated a policy of paying a dividend for the first time since its founding, sending its share price sharply higher.
Cumulative consolidated operating profit for the second quarter was ¥4.68 billion, up 44.5% year on year and a record high. In the core flexible office business, demand for in-person meetings, training sessions and social gatherings remained firm.
The full-year consolidated operating profit forecast remains unchanged at ¥11.0 billion, up 6.7% from the previous fiscal year. The company also announced a policy of paying its first dividend, setting the year-end dividend at ¥30, with a basic dividend policy targeting a consolidated dividend payout ratio of approximately 30%.
Following the earnings announcement, the company indicated a policy of strengthening shareholder returns.