Niterra reported net income of ¥110 billion for the cumulative second quarter of the current fiscal year, up 2.1 times year on year, and raised its full-year forecast to ¥125 billion. It also indicated that it expects to raise its annual dividend to ¥178.5.
Niterra announced its results after the close on 30 October, reporting consolidated net income of ¥110 billion for April-September, up 2.1 times year on year. Revenue also showed growth above the previous year, together with the reported results.
The full-year net income forecast was revised upward by 19.0%, from the previous ¥105 billion to ¥125 billion, compared with ¥112.8 billion in the previous year. This is expected to mark the sixth consecutive fiscal year of record-high net income.
Net income for July-September fell sharply to ¥12.7 billion, down 56.0% year on year, while revenue and operating profit margin also declined from the previous year's results. The outlook for the second half remains cautious.
The company also raised its dividend forecast for the current fiscal year from the previous plan of ¥157.5 to ¥178.5, indicating a policy of strengthening shareholder returns.