DAIKI ALUMINIUM INDUSTRY surges to year-to-date high on strong earnings forecast driven by LME price gains
DAIKI ALUMINIUM INDUSTRY CO.,LTD. <5702> surged to a new year-to-date high. At 11:00 a.m. today, May 14, the company projected sales of 386.7 billion yen (up 16.8%) and net income of 8.84 billion yen?a 2.4-fold increase from the previous year?for the fiscal year ending March 2027. The strong earnings outlook was positively received by the market.
The company set its annual dividend forecast at 70 yen, a 15 yen increase from the previous year. Excluding potential impacts from the Middle East, DAIKI ALUMINIUM expects steady growth in demand, particularly from the automotive sector. Increased sales are anticipated due to rising London Metal Exchange (LME) prices and the securing of spreads between raw material costs and product prices at overseas subsidiaries. For the fiscal year ended March 2026, sales rose 10.4% to 331.11 billion yen, while net income surged 5.3-fold to 3.68 billion yen.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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