Okura Industrial reports 52% operating profit surge in Q2

Okura Industrial reported consolidated net sales of 435.5bn yen for the second quarter, up 10.5% year-on-year. Operating profit surged 51.9% to 35.2bn yen, while net income rose 5.5% to 25.5bn yen.

The company projects full-year net sales of 850bn yen and operating profit of 53bn yen. Annual dividends are forecast at 195 yen per share, up 35 yen from the prior year.