OKANO VALVE MFG.CO.LTD. <6492> hits daily limit up on upward revision to fiscal September 2026 earnings and dividend forecasts

OKANO VALVE MFG.CO.LTD. <6492> is indicated to buy at the daily limit up of 16,000 yen. After the close of trading on the 22nd, the company revised upward its consolidated earnings forecast for the fiscal year ending September 2026, raising sales from 8.866 billion yen to 10 billion yen, operating profit from 966 million yen to 1.95 billion yen, and net profit from 689 million yen to 1.4 billion yen. The company also increased its dividend forecast from an annual 50 yen (20 yen interim, 30 yen year-end) to an annual 80 yen (40 yen each for interim and year-end, compared to 60 yen in the previous fiscal year). The announcement has attracted buying interest.

Although a simple comparison with the previous fiscal year is not possible due to an irregular settlement period, sales are expected to exceed the plan as the valve manufacturing division has seen increased additional orders for planned projects related to the specific severe accident facilities at the Kashiwazaki-Kariwa Nuclear Power Station and Unit 2 of the Shimane Nuclear Power Station, and the schedule for the Nanao-Ota Thermal Power Station project has been moved forward. In the maintenance division, inspection work at Unit 7 of the Kashiwazaki-Kariwa Nuclear Power Station was carried out ahead of schedule, and periodic inspection work at Unit 2 of the Onagawa Nuclear Power Station progressed beyond plan, also contributing to the results. Furthermore, the company stated that an increase in high value-added additional orders centered on nuclear power-related projects, as well as higher-than-planned operating rates for periodic inspection work, have also boosted profits.

Source: MINKABU PRESS

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