Nippon Kodoshi Corporation
Notice of Revision to Full-Year Consolidated Earnings Forecast for Fiscal Year Ending March 2027 and Revision of Surplus Dividends (Interim Dividend) and Year-End Dividend Forecast
Revised upward the full-year consolidated earnings forecast for the fiscal year ending March 2027. Net sales increased by 2,000 million yen from the previous forecast to 26,000 million yen, operating income increased by 1,500 million yen to 7,500 million yen, ordinary income increased by 1,600 million yen to 7,600 million yen, and net income attributable to owners of parent increased by 1,300 million yen to 5,500 million yen. Concurrently, the interim dividend is revised to 80 yen per share and the year‑end dividend to 80 yen. The planned total annual dividend is 160 yen, targeting a 40% dividend payout ratio and DOE of 3% to continue stable dividends.
Key Figures
- Net Sales: 26,000 million yen (vs. previous forecast +2,000 million yen)
- Operating Income: 7,500 million yen (vs. previous forecast +1,500 million yen)
- Ordinary Income: 7,600 million yen (vs. previous forecast +1,600 million yen)
AI要約
Overview of Revision to Earnings Forecast
The Company has revised the dividend forecast announced on April 24, 2026 and the full‑year earnings forecast announced on July 31, 2026, and has announced upward revisions to net sales and each profit item. Due to expanding demand related to separators, including separators for aluminum electrolytic capacitors, and increasing overseas demand for functional materials, the full‑year performance is expected to exceed the previous forecast. Regarding dividends, both interim and year‑end dividends have been increased by 25 yen each, revising the annual dividend to 160 yen. The Company will maintain stable dividends targeting a consolidated payout ratio of 40%.
Shareholder Returns and Future Outlook
As a shareholder return policy, the Company emphasizes capital efficiency and stable profit distribution, strengthening returns with DOE of 3% as a lower bound. Depending on future business conditions, updates to dividend policy and continued capital investment are anticipated. Demand drivers for growth are expected to include sustained high demand for data center and server applications and stable demand for automotive and industrial equipment.
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Nippon Kodoshi Corporation
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