HIDAY HIDAKA shares surge late in afternoon session on double-digit profit growth and raised dividend forecast for August interim period

HIDAY HIDAKA Corp. <7611> extended gains late in the afternoon, buoyed by the 3:00 p.m. release of its first-half financial results showing net sales up 10.8% year-on-year to 34.063 billion yen, operating profit up 11.0% to 4.067 billion yen, and net profit up 11.4% to 2.774 billion yen. The company also raised its annual dividend forecast from 52 yen to 56 yen (28 yen each for interim and year-end), buoying investor sentiment.

In addition to contributions from seven new store openings, higher same-store customer traffic, promotional campaigns, and extended operating hours drove sales higher. Although higher ingredient prices and rising labor costs pushed up cost ratios, HIDAY HIDAKA absorbed the pressures to achieve double-digit profit growth. Full-year earnings forecasts for the fiscal year ending February 2027 were left unchanged, with net sales at 67.0 billion yen (up 7.6% year-on-year), operating profit at 6.8 billion yen (up 3.3%), and net profit at 4.5 billion yen (down 4.9%).

HIDAY HIDAKA also released September sales figures alongside earnings. Same-store sales rose 2.2% year-on-year, marking the 43rd straight month of record-high same-store sales for the month.

Source: MINKABU PRESS

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