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User Local shares jump as 24% profit growth and dividend hike fuel buying
User Local <3984> shares attracted heavy buying on May 8, surging above their five-day moving average. The provider of big data and AI-driven business tools continues its robust growth trajectory, fueled by strong demand for digital transformation (DX) among corporations and local governments.
The company reported third-quarter results for the fiscal year through June 2026 after the market close on May 7, with operating profit climbing 24% year-on-year to 1,889 million yen. Alongside the strong earnings, User Local hiked its full-year dividend forecast to 24 yen from 20 yen, representing a 10 yen increase over the previous fiscal year. The firm also announced a new shareholder gift program and plans to cancel 100,000 treasury shares, moves that further buoyed investor sentiment.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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