Kaga Electronics Co.,Ltd. Raises FY2027 Earnings Forecast 31.8% on Shinko Shoji Acquisition
Kaga Electronics Co.,Ltd. (TSE:8154) has raised its full-year earnings and dividend guidance for the fiscal year ending March 2027, reflecting the consolidated contribution of newly acquired subsidiary Shinko Shoji Co.,Ltd.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 660.0bn | JPY 760.0bn | +15.2% |
| Operating Profit | JPY 30.0bn | JPY 32.0bn | +6.7% |
| Ordinary Income | JPY 30.0bn | JPY 32.0bn | +6.7% |
| 親会社株主に帰属する当期純利益 | JPY 22.0bn | JPY 29.0bn | +31.8% |
| １株当たり当期純利益 | JPY 461.61/share | JPY 608.35/share | +JPY 146.74/share |
The revision reflects the completion of Kaga Electronics’ public tender offer for Shinko Shoji on August 3, with the company consolidated as a subsidiary from August 10. The company initially delayed its forecast revision pending completion of accounting assessments related to the acquisition. Revised guidance incorporates Shinko Shoji’s second-quarter-onward contribution—projected at JPY 10.0bn revenue, JPY 2.0bn operating profit, and JPY 1.0bn net profit—plus a JPY 6.0bn negative goodwill gain (tokubetsu rieki) recorded as extraordinary income.
Kaga Electronics has also raised its annual dividend by JPY 20.00/share to JPY 160.00/share, reflecting a 14.3% increase in both interim and year-end payouts. Management attributed the dividend increase to cash allocation policies outlined in its medium-term plan, with the uplift based on underlying profit improvements excluding the non-cash negative goodwill benefit. Investors should note that approximately one-fifth of the net profit increase derives from the non-recurring goodwill gain rather than operational performance improvement.
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.