SHIZUKI ELECTRIC, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 10%, Dividend Revised Upward by 1 Yen

SHIZUKI ELECTRIC COMPANY INC. <6994> [TSE Std] announced its financial results in the afternoon session on February 5th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 2.16 billion yen, an increase 94.2% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 10.2%, from the previous forecast of 2.45 billion yen to 2.70 billion yen (compared to 1.79 billion yen in the previous period), increasing the growth rate from 36.3% to 50.3%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) is expected to increase 20.4%, from the previous forecast of 1.22 billion yen to 1.47 billion yen (compared to 1.35 billion yen in the same period of the previous year), turning to a 9.2% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 20 yen to 21 yen (compared to 14 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 40.4% from the same period last year, reaching 0.94 billion yen. The operating profit margin improved from 8.7% in the same period last year to 10.3%.

Kabutan News