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Dainichi surges on upward earnings revision driven by higher profit margin products
Dainichi Co., Ltd. <5951> surged on a glut of buy orders. Following the market close on May 1, the company hiked its standalone net profit forecast for the fiscal year ending March 2026 to 1.49 billion yen, up 28.3% year-on-year and 290 million yen higher than its previous guidance. Dainichi also boosted its year-end dividend forecast by 6 yen to 28 yen, compared with 22 yen a year earlier, a move welcomed by the market. The stronger outlook reflects a higher mix of high-margin products and successful pass-through of raw material costs to sales prices. Disciplined SG&A spending also supported results, while revenue is seen holding steady with original targets.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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