Kitoku Shinryo raises earnings forecast, increases dividend

Kitoku Shinryo announced upward revisions to its earnings forecast for the fiscal year ending December 31, 2025, alongside an increased dividend payout. The company now projects net sales of JPY165,000 million, up from the previously forecasted JPY155,000 million, and operating income of JPY4,000 million compared to the prior JPY2,500 million. Net income attributable to shareholders has also been revised upwards to JPY2,800 million. The improved outlook is attributed to stable procurement and successful price negotiations amid rising raw material costs in the rice market. In response to the strong performance, Kitoku Shinryo will increase its dividend forecast to JPY150 per share, including a JPY20 special dividend.