Asahi Holdings raises full-year outlook, boosts dividends on strong interim results

Asahi Holdings reported its consolidated financial results for the six months ended September 30, 2025, significantly surpassed previous forecasts. Revenue, operating profit, profit before tax, and profit attributable to owners of the parent all exceeded expectations. Revenue for the period reached JPY238,239 million, an increase of JPY18,417 million from the forecast, primarily due to rising gold prices and strong sales in the precious metals recycling business, along with record arbitrage gains in North American refining operations.

This strong performance prompted the company to revise its full-year consolidated financial forecast for the fiscal year ending March 31, 2026. The revised forecast projects revenue of JPY517,000 million (up JPY68,801 million from the previous forecast), operating profit of JPY30,000 million (up JPY8,000 million), and profit attributable to owners of the parent of JPY21,600 million (up JPY5,421 million).

In line with its shareholder return policy aiming for a 40% payout ratio, the board of directors resolved to increase the interim dividend per share from JPY40.00 to JPY60.00. The year-end dividend forecast was also revised upward from JPY40.00 to JPY60.00 per share, bringing the total annual dividend forecast to JPY120.00 per share for the fiscal year ending March 31, 2026.