Koito Manufacturing exceeds expectations, proposes increased dividends

Koito Manufacturing (TSE:7276) has announced that its consolidated net sales for fiscal year 2024 reached ¥916.709 million, a slight decrease of 3.5% year-over-year, but still exceeding its initial forecast. Operating profit and ordinary profit also exceeded expectations, reaching ¥44.873 million and ¥49.147 million, respectively. Most notably, profit attributable to owners of the parent soared by 13.1% to ¥46.240 million, driven by extraordinary gains from strategic shareholding sales and compensation received.