Nippon Yakin Kogyo raised its current-year ordinary profit forecast from the previous outlook and increased its annual dividend to ¥265. Ordinary profit for the latest April-September period rose sharply year on year.
Nippon Yakin Kogyo's consolidated ordinary profit for the cumulative second quarter (April-September) was ¥8.68 billion, up 65.1% year on year.
The full-year ordinary profit forecast was raised from the previous ¥14.5 billion to ¥16.5 billion, with the expected growth rate increasing from 50.2% to 70.9%.
Based on actual first-half results and the second-half plan, second-half consolidated ordinary profit is projected at ¥7.82 billion. Ordinary profit for July-September was ¥4.27 billion, and the operating margin on sales improved to 11.7%.
Against the backdrop of strong earnings, the current-year annual dividend forecast was raised from the previous plan of ¥220 to ¥265.