NADEX opens with buy-only quotes after forecasting 97% rise in operating profit and 9 yen dividend hike for FY April 2027, announces share buyback
NADEX CO., LTD. <7435> opened with buy-only quotes after releasing its consolidated forecast for the year ending April 2027 after the close on June 11. The company expects operating profit to surge 96.6% year-on-year to 2.2 billion yen, and plans to raise its annual dividend by 9 yen to 40 yen (interim 13 yen, year-end 27 yen).
Net sales are forecast to grow 30.3% year-on-year to 48 billion yen. NADEX aims to improve profitability and expand into new sectors by enhancing solution quality and broadening its offerings.
The company also announced a share buyback program of up to 230,000 shares (representing 2.7% of outstanding shares) or 200 million yen. The buyback period runs from June 12 through November 30, with all acquired shares scheduled to be retired on Dec. 25.
*Translated by generative AI. Click here for the original article.
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