Yondenko raises earnings forecast and increases dividend

Yondenko Corporation (TSE:1939) announced today a revision to its consolidated earnings forecast for the fiscal year ending March 31, 2025. The company now expects sales of JPY105.8 billion, up from the previous forecast of JPY105.0 billion, with operating profit increasing to JPY8.07 billion from JPY7.0 billion, and net profit attributable to owners of the parent rising to JPY5.17 billion from JPY4.6 billion. The upward revision is attributed to continued solid progress on existing projects. Correspondingly, Yondenko has increased its year-end dividend forecast to JPY35.00 per share (pre-stock split: JPY105.00), bringing the total annual dividend to JPY195.00 per share on a pre-split basis, effectively a JPY15 increase from the prior forecast. The dividend increase reflects the company's commitment to improving ROE.