Ines revises full-year forecasts, cuts dividend projections

Ines Corporation's revised full-year consolidated earnings forecast for the fiscal year ending March 31, 2026, projects net sales of JPY39,000 million, a substantial decrease from the previously forecasted JPY43,000 million. Operating profit is now expected to be JPY1,400 million, down from JPY4,000 million, and ordinary profit is revised to JPY1,500 million from JPY4,100 million. Profit attributable to owners of parent is also significantly reduced to JPY1,000 million from JPY2,800 million. These revisions are primarily attributed to a review of the transition method for standardizing information systems for local governments, leading to lower sales and increased cost of sales ratios.

In connection with the revised earnings forecast, the company also adjusted its annual dividend forecast. The interim dividend for the fiscal year ending March 31, 2026, remains at JPY25.00 per share, as decided by the board on October 28, 2025. However, the year-end dividend forecast has been revised to JPY30.00 per share, leading to a total annual dividend of JPY55.00 per share, a decrease of JPY5.00 from the previous forecast of JPY60.00. This maintains the annual dividend at the same level as the prior fiscal year.