ESPEC Corp. posts record profits, outlines new growth plan

ESPEC Corp. (TSE: 6859) reported record financial results for the fiscal year ended March 31, 2025 (FY2024), surpassing initial forecasts. Orders received totaled ¥67.514 billion, and net sales reached ¥67.288 billion, with operating profit climbing to ¥7.526 billion. The company attributes this success to continued investment in the domestic electric vehicle (EV) and battery markets, along with enhanced domestic production capacity. Reflecting the strong performance, ESPEC increased its year-end dividend by ¥15 to ¥60 per share, bringing the total annual dividend to ¥95.