Okano valve sales rise, profit dips slightly in Q2

Okano Valve Manufacturing reported a 12.2% increase in sales, reaching JPY4,229 million for the second quarter of fiscal year 2025, compared to JPY3,770 million in the previous year. Despite the revenue growth, operating profit slightly decreased by 0.3% to JPY760 million, and net profit attributable to the parent company decreased by 1.0% to JPY589 million. The company has changed its fiscal year-end from November to September, with the current fiscal year covering a 10-month period. For the full fiscal year 2025, the company projects sales of JPY6,928 million and net profit of JPY700 million, with a projected dividend of JPY50 per share.