Sugi Holdings FY25 profit rises, forecasts strong growth

Sugi Holdings (TSE:7649) reported consolidated financial results for the fiscal year ended February 28, 2025, with net sales increasing 17.9% year-over-year to JPY 878,021 million and profit attributable to owners of the parent rising 16.9% to JPY 25,689 million. The company forecasts continued strong performance for the fiscal year ending February 28, 2026, with projected net sales of JPY 1,000,000 million, a 13.9% increase, and profit attributable to owners of the parent of JPY 34,000 million, a 32.4% increase. This positive outlook is supported by strategic initiatives, including the successful integration of I&H Co., Ltd., into the consolidated operations. Additionally, I&H's business prospects have prompted Sugi to revise its earnings forecasts, with an increase of the year-end dividend up to JPY 20.00 per share, resulting in a full-year dividend of JPY 35.00 per share.