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UNITED ARROWS surges to new yearly high in afternoon trading on increased revenue, profit forecast and share buyback
UNITED ARROWS LTD. <7606> extended its rally in afternoon trade to hit a fresh yearly high. Around 12:30 p.m. today, the company projected sales of 166.18 billion yen (up 1.0% year-on-year) and an operating profit of 10 billion yen (up 9.6%) for the fiscal year ending March 2027. The annual dividend is forecast at 92 yen per share, up from 89 yen in the prior year. Simultaneously, UNITED ARROWS announced a share buyback of up to 1 million shares, representing 3.6% of outstanding stock, for a total of up to 2 billion yen, fueling investor appetite.
For the current fiscal year, the retailer plans to open 18 new stores and close one, bringing its total network to 290 by period-end. Under its new medium-term management plan covering fiscal 2027-2029, the firm aims to expand market share through existing business growth, enhance profitability, and scale up its overseas presence. For the fiscal year ended March 2026, sales totaled 164.603 billion yen (up 9.1%) and operating profit reached 9.126 billion yen (up 14.3%). The buyback will be conducted via the Tokyo Stock Exchange from May 12 to August 31.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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