Fuji Kyuko revises financial forecast, raises dividend amid recovery

Fuji Kyuko (TSE:9010) has revised its financial results forecast for the fiscal year ending March 31, 2025, amidst a recovery in tourism demand. While initial revenues were hampered by adverse weather and real estate transaction declines, the company now expects operating revenues, operating profit, and ordinary profit to exceed the previous year's record highs. The revised net sales forecast is JPY 52,200 million, down from the previous JPY 53,500 million. However, profit attributable to owners of parent is projected to increase, exceeding both the prior forecast and the previous year's results. Contributing to this are extraordinary income from asset and cross-shareholding sales, and a reduction in extraordinary losses. Consequently, the company declared a year-end dividend of JPY 29.00 per share, up from JPY 26.00 last year, reflecting the company's commitment to shareholder returns and targeting a consolidated dividend payout ratio of 30%.