Sumiseki Holdings revises earnings forecast upward, boosts dividend

Sumiseki Holdings (TSE:1514) has revised its consolidated earnings forecast for the fiscal year ending March 31, 2025, primarily due to higher-than-anticipated dividends from the Wanbo coal mine in Australia. The company now projects net sales of JPY14.8 billion, up from the previous forecast of JPY17.1 billion. Operating profit is now expected to be JPY4.6 billion, a 35.3% increase from the earlier estimate, while net profit attributable to the parent company is projected at JPY4.1 billion, a 24.2% rise.