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Nippon Beet Sugar Manufacturing surges in afternoon trading to hit new year-to-date high on forecast of significant operating profit increase and 100 yen dividend hike for fiscal year ending March 2027

Wed May 13, 2026 2:50 pm JST Catalyst

Nippon Beet Sugar Manufacturing <2108> surged to a new year-to-date high in afternoon trading on May 13 after the company announced a massive dividend hike alongside its latest earnings results. Following the 2:00 p.m. release, the company projected revenue of 69,000 million yen (up 0.4% year-on-year) and operating profit of 1,300 million yen for the fiscal year ending March 2027, compared to just 52 million yen in the prior year.

Investors aggressively bought the stock on news of a planned year-end dividend of 260 yen, a 100-yen increase from the previous year. This hike stems from a shift in dividend policy; Nippon Beet Sugar will now target a dividend on equity (DOE) of 4.0%, moving away from its previous floor of 80 yen per share.

The company expects to maintain appropriate pricing and pursue cost reductions to offset high manufacturing expenses for sugar and other products. For the fiscal year ended March 2026, revenue rose 6.0% to 68,696 million yen, while operating profit plummeted 90.2% to 52 million yen due to lower selling prices. However, net profit jumped 86.1% to 5,032 million yen, bolstered by gains from the sale of investment securities and lower impairment losses. For fiscal 2027, the company expects net profit to normalize at 1,200 million yen.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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