Okura Industrial reports strong growth, raises dividend forecast

Okura Industrial reported net sales up 10.5% to 43.6bn yen for the six months ended June 30, with operating profit surging 51.9% to 3.5bn yen.

Growth was driven by the New Materials segment, where sales rose 37.1% due to increased orders for optical films, with operating profit more than doubling.

The company raised its full-year dividend forecast to 195 yen per share from 160 yen previously, including a special dividend. Full-year projections are 85bn yen in sales and 5.3bn yen operating profit.