OSG Corporation Revises Earnings & Dividend Forecast Upward by 36%
OSG Corporation (TSE:6136) has raised its full-year earnings and dividend guidance for the fiscal year ending November 2026, citing yen weakness and robust demand across major markets.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 165.0bn | JPY 185.0bn | +12.1% |
| Operating Profit | JPY 22.0bn | JPY 30.0bn | +36.4% |
| Ordinary Income | JPY 23.0bn | JPY 32.0bn | +39.1% |
| 親会社株主に帰属する当期純利益 | JPY 15.4bn | JPY 21.0bn | +36.4% |
| 1株当たり当期純利益 | JPY 187.46/share | JPY 255.60/share | +JPY 68.14/share |
The machinery manufacturer upgraded its full-year forecast following stronger-than-expected performance in the first half. A weaker yen than initially assumed at the start of the fiscal year boosted export competitiveness, while demand in key markets remained resilient. Management cited solid order intake and continued favorable market conditions as justification for maintaining upward momentum through the second half. The company expects operating profit and ordinary income (keijo rieki)—a Japan-specific metric combining operating profit with non-operating items—to expand 36–39% year-over-year.
The year-end dividend forecast has been raised to JPY 88.00/share from JPY 60.00/share, a 46.7% increase reflecting the company’s capital allocation policy targeting either a 45% dividend payout ratio or 3.5% dividend-on-equity, whichever is higher. The dividend increase signals management confidence in sustained earnings momentum and underscores a commitment to shareholder returns. International investors should note that ordinary income differs materially from operating profit due to Japan-specific accounting conventions and the inclusion of financial income and expenses.
Source: Original filing (TDnet) | 日本語版
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