Mie Kotsu Group Holdings raises forecasts and confirms interim dividend
Mie Kotsu Group Holdings, Inc. has announced upward revisions to its consolidated financial results forecast for the first half and full year ending March 31, 2026. For the first half, operating revenues are now projected at 49,900 million yen, up 0.4%, with operating profit expected to significantly increase by 29.4% to 5,240 million yen and profit attributable to owners of parent rising 32.0% to 3,960 million yen, driven by increased utilization in transportation and hotel operations, and decreased operating expenses.
For the full year, operating revenues are now forecast to reach 109,000 million yen, a 1.9% increase. Operating profit is expected to climb 4.6% to 9,100 million yen, and profit attributable to owners of parent is projected at 6,100 million yen, a 3.4% rise. This is attributed to robust automotive sales and strong first-half performance, despite anticipated increases in labor and soaring prices.
Concurrently, the company announced an interim dividend of 8.00 yen per share for the six months ended September 30, 2025, consistent with its previous forecast. This adheres to their policy of stable shareholder returns and a consolidated payout ratio target of 30% per fiscal year, with an annual dividend of 16.00 yen per share planned.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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