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FUJIKURA KASEI surges in afternoon trade as renovation paint demand lifts FY03/26 forecast
FUJIKURA KASEI CO,.LTD. <4620> surged in afternoon trade. At around 1400 hours, the company announced that preliminary consolidated results for FY03/26 are expected to beat initial forecasts. Revenue is seen at 55.6 billion yen (up 0.1% YoY) against a prior estimate of 55 billion yen, with operating profit reaching 2.3 billion yen (up 76.1%) versus 2 billion yen. Net profit is projected at 3 billion yen (up 5.9-fold), up from 2.3 billion yen. Robust sales of renovation paints and higher margins from value-added products drove the performance. Alongside the earnings upgrade, FUJIKURA KASEI hiked its year-end dividend forecast to 11 yen from 9 yen, bringing the annual payout to 20 yen, compared to 18 yen in the previous fiscal year.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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