Okano Valve Mfg raises earnings forecast, increases dividend

Okano Valve Mfg [TSE:6492] has announced a substantial upward revision to its earnings forecast for the fiscal year ending September 30, 2025, as well as an increase in its dividend payout. The company's updated forecast reflects stronger-than-anticipated performance in the first half of the year, driven by progress in nuclear-related projects and improved efficiency in maintenance operations. The company has raised its full-year sales forecast from JPY6,402 million to JPY6,928 million, operating profit from JPY528 million to JPY920 million, and net profit attributable to owners of the parent from JPY391 million to JPY700 million, resulting in earnings per share rising from JPY243.61 to JPY436.71. Concurrent with this announcement, Okano Valve Mfg's Board of Directors has approved an increase in the dividend to JPY20.00 per share, up from the initially projected JPY0.00 per share. This will result in a total dividend payout of JPY32,100,660. The record date for the dividend is May 31, 2025, with an effective payment date of August 4, 2025.