Takachiho Koheki Raises Ordinary Income but Cuts Dividend — Investment Securities Loss Weighs
Takachiho Koheki Co., Ltd. (TSE:26760) revised its FY2026 (ending March 2026) earnings and dividend forecasts. Ordinary income rose on forex gains and venture capital fund exits, but a JPY 337mn impairment on investment securities reduced net profit and triggered a dividend cut.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 30.0bn | JPY 30.0bn | — |
| Operating Profit | JPY 2.20bn | JPY 2.20bn | — |
| Ordinary Income | JPY 2.10bn | JPY 2.40bn | +JPY 0.30bn (+14.3%) |
| Net Profit | JPY 1.50bn | JPY 1.40bn | -JPY 0.10bn (-6.7%) |
| EPS | JPY 80.44 | JPY 75.05 | -JPY 5.39 (-6.7%) |
| Year-end Dividend | JPY 46.00 per share | JPY 40.50 per share | -JPY 5.50 (-12.0%) |
| Annual Dividend | JPY 80.50 per share | JPY 75.00 per share | -JPY 5.50 (-6.8%) |
Operating profit is unchanged at JPY 2.20bn. Ordinary income rose 14.3% due to foreign exchange gains and investment exit proceeds from a venture capital fund. However, a JPY 337mn write-down of investment securities (recognized as a special loss) significantly reduced net profit. The company accordingly lowered its year-end dividend forecast to JPY 40.50 from JPY 46.00, adopting a 100% payout ratio policy for the current fiscal year.
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.