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OBIC Surges on Upbeat FY2027 Forecast, Increased Dividend, and Share Buyback Plan
OBIC Co.,Ltd. <4684> surged after reporting results for the fiscal year ended March 2026 after the close on the 21st. Sales rose 11.5% year-on-year to 135.209 billion yen, while operating profit gained 13.3% to 88.823 billion yen. Demand for its flagship OBIC7 Series integrated software strengthened amid corporate digitalization.
For the fiscal year ending March 2027, OBIC projects sales of 148.7 billion yen (up 10.0%) and operating profit of 98.0 billion yen (up 10.3%), extending its streak of record-high earnings. The annual dividend forecast was also raised to 94 yen per share from 84 yen.
The company also announced a share buyback of up to 10 million shares, or 2.3% of outstanding stock, worth up to 50 billion yen. The program will run from April 22 through March 31, 2027. The updates sparked strong buying interest.
*Translated by generative AI. Click here for the original article.
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