Nippon Tungsten Co., Ltd.
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Recorded dismantling and removal costs in the second quarter of the fiscal year ending March 2027 and revised full-year earnings guidance and dividend forecast. Full-year revenue is expected to increase, and the dividend has been raised to 140 yen per share annually, with a year-end dividend assumed at 80 yen.
Key Figures
- Revenue: 17,900 million yen
- Operating Income: 2,290 million yen
- Net Income Attributable to Owners of Parent: 1,690 million yen
AI要約
Summary of Earnings Revision
The announcement today states that 270 million yen will be recorded as non-operating expenses for dismantling and removal costs at the Iizuka plant, and the full-year forecast for the fiscal year ending March 2027 has been revised upward. Both consolidated and non-consolidated revenue and profit have been significantly increased, with revenue in particular expected to substantially exceed the previous forecast. Although rising raw material costs and procurement difficulties raise concerns about cost increases, the company aims to bolster profits through price revisions and strengthening stable supply systems. While demand for semiconductor-related and automotive markets is expected to remain firm, high raw material prices are anticipated to continue exerting pressure on profitability.
Shareholder Returns and Outlook
Based on the dividend policy, the annual dividend has been revised to 140 yen per share, with a year-end dividend of 80 yen (previous period result 60 yen/60 yen, current forecast 80 yen/140 yen annually). While maintaining a payout ratio target of around 40%, the company will appropriately consider share buybacks to support growth investment and improve capital efficiency. Going forward, attention will be paid to fluctuations in operating cash flow in the second half, and if there are rapid changes in the environment, the dividend policy may be reconsidered.
Nippon Tungsten Co., Ltd.
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