TAKAOKA TOKO CO., LTD. <6617> surged in late afternoon trading, remaining locked at the daily limit up with buy orders. At 3:00 p.m. on the 28th, the company announced its fiscal year ending March 2027 earnings forecast alongside its consolidated results for the fiscal year ended March 2026. TAKAOKA TOKO expects revenue of 115 billion yen for the current fiscal year, up 2.6% year-on-year, and net income of 10 billion yen, up 51.5% year-on-year. The company's results for the previous fiscal year exceeded its initial guidance. Additionally, the company increased its year-end dividend for the previous fiscal year by 25 yen from the previous forecast, and projects an annual dividend of 134 yen for the current fiscal year, up 14 yen from the previous year. Furthermore, the company announced a share buyback program with an upper limit of 1.3 million shares (8.1% of issued shares excluding treasury stock) and a total acquisition value of up to 5 billion yen. These announcements attracted strong buying interest.

Based on recent business performance and order trends, the company has raised its operating income target for fiscal 2027 in its medium-term business plan. In connection with the sale of a rental building owned in Shinagawa Ward, Tokyo, the company expects to record extraordinary gains totaling approximately 12 billion yen in the fiscal years ending March 2027 and March 2028, consisting of a gain on sale of fixed assets of approximately 10.7 billion yen and a reversal of repair reserves of approximately 1.3 billion yen.

Source: MINKABU PRESS

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