Okano Valve MFG raises FY09/2026 earnings and dividend forecasts

OKANO VALVE MFG <6492> announced after market close that it has revised upward its consolidated earnings forecast for the fiscal year ending September 2026. Sales are now projected at 10,000 million yen, up from 8,866 million yen, with operating profit at 1,950 million yen versus the previous 966 million yen, and net profit at 1,400 million yen compared to 689 million yen. The company also raised its annual dividend forecast to 80 yen per share (40 yen interim, 40 yen year-end), up from 50 yen per share (20 yen interim, 30 yen year-end) and compared to 60 yen in the prior period.

Although year-on-year comparisons are skewed by an irregular accounting period in the previous fiscal year, the valve manufacturing division saw increased orders for projects at the Kashiwazaki-Kariwa and Shimane nuclear power stations. Accelerated timelines at the Nanao Ota Thermal Power Station also contributed to sales exceeding plans. In the maintenance division, inspection work at the Kashiwazaki-Kariwa and Onagawa nuclear plants progressed ahead of schedule. Profits are being driven by a higher mix of high-value-added nuclear projects and improved capacity utilization.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.