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TOYODA GOSEI surges in afternoon trading on upbeat earnings, dividend increase, and 5-for-1 stock split
TOYODA GOSEI Co., Ltd. <7282> shares surged in the afternoon session on April 28 after the company reported fiscal year results that beat guidance and announced a significant dividend hike alongside a stock split. For the fiscal year ended March 2026, Toyoda Gosei reported revenue of 1,146.8 billion yen (up 8.2% year-on-year) and net profit of 62.0 billion yen (up 70.7%), both exceeding previous projections. The company raised its year-end dividend by 28 yen to 88 yen, bringing the full-year total to 138 yen. Despite forecasting a decline in net profit for the current fiscal year ending March 2027, the market reacted positively to the improved earnings baseline. Furthermore, Toyoda Gosei announced a 5-for-1 stock split effective October 1. The annual dividend forecast for the current year is 175 yen on a pre-split basis, a substantial increase that fueled buying momentum. The company assumes an exchange rate of 155 yen per U.S. dollar for the current year, with ongoing cost-reduction measures expected to support performance.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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