Tamai Steamship surged and attracted buying interest after it was reported that the company had revised upward its consolidated earnings forecast for the current fiscal year and raised its year-end dividend forecast.
Major shipping company Tamai Steamship announced on the afternoon of the 5th that it would revise upward its consolidated earnings forecast for the fiscal year ending March 2027 and raise its year-end dividend forecast. The share price surged in response.
Under the new full-year earnings forecast, revenue was raised from ¥5.6 billion to ¥5.7 billion, up 11.3% year on year, and operating profit from ¥560 million to ¥820 million, up 19.7%. Despite the uncertain environment, including the situation in the Middle East, the company maintained its initial budget and factored in another upward revision during the first half.
The year-end dividend forecast was raised from the previous ¥40 to ¥70. Combined with the ¥40 interim dividend, the annual dividend is expected to be ¥110. First-quarter results showed revenue of ¥1.473 billion, up 46.6% year on year, while operating income turned positive at ¥338 million.
The shares closed at ¥2,910 on the 5th, up ¥115 from the previous day.