SENSHU ELECTRIC raised its ordinary profit forecast for the current fiscal year, lifting its projected record profit to a new high. It will also increase the full-year dividend by ¥10.
SENSHU ELECTRIC published its earnings summary and raised its consolidated ordinary profit forecast for the current fiscal year by 11.1%, from the previous forecast of ¥11.7 billion to ¥13.0 billion. The projected increase in profit will therefore expand from 26.2% to 40.2%.
Ordinary profit for the latest three-quarter cumulative period, May-July, doubled year on year to ¥4.03 billion, while the operating margin on sales improved from 6.0% to 8.7%.
For the second-half outlook, the company raised its ordinary profit forecast for the May-October period from the previous ¥5.85 billion to ¥7.15 billion, maintaining its projection for higher profit.
The full-year dividend for the current fiscal year was also revised up from ¥160 to ¥170 per share, compared with ¥150 per share for the previous fiscal year.