TAMAGAWA HOLDINGS raises full-year net profit forecast sharply on unrealized gains from equity holdings
TAMAGAWA HOLDINGS CO.,LTD. <6838> upgraded its full-year consolidated earnings guidance after the close, raising its net sales forecast to 6.95 billion yen from 6.62 billion yen and net profit to 1.835 billion yen from 730 million yen. The company also raised its dividend forecast to 10 yen per share from 5 yen.
The upgrade reflects key products in the social infrastructure segment of its core electronics and communications equipment business entering a mass production phase, alongside large-scale mobile infrastructure orders and steady production progress. Additionally, the company recognized financial income from unrealized valuation gains on shares of Singapore-based Advalue Technologies held by an overseas subsidiary, following its adoption of International Financial Reporting Standards (IFRS) this fiscal year. The company noted that a year-on-year comparison is unavailable due to the change in accounting standards.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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