Daiichi Jitsugyo raises earnings forecast, boosts dividend

Daiichi Jitsugyo announced an upward revision to its consolidated earnings forecast for the fiscal year ending March 31, 2025. The company now expects sales of ¥210 billion, up from the previous forecast of ¥200 billion. Operating profit is projected to reach ¥12 billion, a 20% increase from the initial estimate of ¥10 billion. Recurring profit is anticipated to be ¥12.5 billion, up 21.4% from ¥10.3 billion. Net profit attributable to owners of the parent is forecast at ¥8 billion, compared to the earlier ¥7.3 billion. This revision reflects strong performance in the Energy Solutions segment, particularly in lithium-ion battery manufacturing equipment, as well as solid earnings growth across other segments.