Jbcc Holdings reports 16% operating profit jump

Jbcc Holdings reported operating profit rose 16.1% to 1.78 billion yen in the first quarter, while net sales increased 1.3% to 18.36 billion yen.

The company maintained its full-year forecast of 71.5 billion yen in net sales and 6.8 billion yen in operating profit. Jbcc Holdings projected an annual dividend of 35 yen per share and targets a dividend payout ratio above 45%.