Toenec raises full-year profit forecast and boosts dividends

Toenec Corporation announced that its consolidated and non-consolidated interim results for the fiscal year ending March 2026 surpassed previous forecasts. Consolidated net sales reached 124,714 million yen (forecast: 131,000 million yen), while operating profit was 8,566 million yen (forecast: 7,800 million yen), ordinary profit 8,684 million yen (forecast: 7,500 million yen), and profit attributable to owners of parent 7,216 million yen (forecast: 5,000 million yen). This profit increase was attributed to improved profitability in indoor wiring work and gains from the sale of cross-shareholdings.

Consequently, Toenec revised its full-year consolidated forecast for the fiscal year ending March 2026, maintaining net sales at 277,000 million yen, but raising operating profit to 20,000 million yen (previous: 18,000 million yen), ordinary profit to 20,000 million yen (previous: 17,000 million yen), and profit attributable to owners of parent to 15,000 million yen (previous: 12,000 million yen). The company also announced a change in its dividend policy, increasing its consolidated dividend payout ratio target from 30% to 40%.

Reflecting the strong performance and revised policy, the interim dividend per share was set at 28 yen (previous forecast: 22 yen), and the year-end dividend forecast was raised to 37 yen (previous forecast: 30 yen), resulting in an annual dividend of 65 yen per share.