Hayashikane Sangyo Co., Ltd. Raises Earnings & Dividend — Net Profit Up 25%, Dividend +186%
Hayashikane Sangyo Co., Ltd. (TSE:22860) has revised its earnings and dividend forecast for the fiscal year ending March 2026, raising both consolidated profit and annual dividend despite a revenue decline.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 48.0bn | JPY 45.5bn | -JPY 2.5bn (-5.2%) |
| Operating Profit | JPY 950M | JPY 1,150M | +JPY 200M (+21.1%) |
| Ordinary Income | JPY 1,150M | JPY 1,500M | +JPY 350M (+30.4%) |
| Net Profit | JPY 800M | JPY 1,000M | +JPY 200M (+25.0%) |
| EPS | JPY 97.96 per share | JPY 122.45 per share | +JPY 24.49 (+25.0%) |
| Annual Dividend | JPY 15.00 per share | JPY 43.00 per share | +JPY 28.00 (+186.7%) |
Revenue declines due to lower fish feed sales volumes, but improved profitability in the food segment more than offsets the top-line softness. Operating profit rises 21.1% and ordinary income 30.4% despite the 5.2% revenue contraction.
The 186.7% dividend increase — from JPY 15 to JPY 43 per share — is notable relative to the scale of profit improvement. The dividend payout ratio at the revised forecast will be approximately 35.1%. Note that the prior-year dividend was JPY 25 (JPY 15 ordinary + JPY 10 special), making the increase relative to the prior year JPY 18 per share.
Source: Original filing (TDnet) | 日本語版
This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.