kabutan

FaithNetwork hits daily limit up on double-digit revenue and profit growth forecast for March 2027, dividend raised by 2.50 yen

Mon May 18, 2026 9:54 am JST Catalyst

FaithNetwork Co., Ltd. <3489> shares rebounded sharply, temporarily hitting their daily limit high of 793 yen, after the company announced following the market close on May 15 its consolidated earnings forecast for the fiscal year ending March 2027. The company projects sales to rise 12.4% year-on-year to 37 billion yen and ordinary profit to grow 12.3% to 5.8 billion yen, alongside raising its annual dividend forecast by 2.50 yen from the previous fiscal year to 45 yen.

Under its newly announced medium-term management plan, the company aims for stable profit growth by completing 20 to 25 properties annually to steadily build up its development pipeline. The plan targets sales of 50 billion yen and ordinary profit of 7.5 billion yen for the fiscal year ending March 2029.

In its results for the fiscal year ended March 2026 announced concurrently, FaithNetwork reported sales rose 10.0% year-on-year to 32.92 billion yen, and ordinary profit grew 25.8% to 5.17 billion yen.

Source: MINKABU PRESS

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

Related Articles