Shinsho maintains full-year dividend forecast despite Q2 income dip

Shinsho Corporation's board of directors resolved to distribute an interim dividend of JPY 53.00 per share with a record date of September 30, 2025. This aligns with the company's dividend policy of maintaining a consolidated dividend payout ratio of 30% or higher or JPY 100 per share, whichever is greater, and reflects the previously announced full-year forecast of JPY 106 (JPY 53 interim and JPY 53 year-end).

For the second quarter of fiscal year 2025, net sales decreased 4.5% year-on-year to JPY 292.8 bn. Ordinary income stood at JPY 5.8 bn, down 5.3% from the previous year. Net income attributable to shareholders was JPY 4.1 bn, a 10.8% decrease. These figures are attributed to reduced demand in the automotive and construction sectors, lower steel and metal prices, and operational delays at overseas coal mines and biomass power plants.

Despite these challenges, the company's full-year ordinary income forecast remains unchanged at JPY 12.0 bn. Shinsho anticipates a recovery in handling volumes for its metals division and continued strong performance in the machinery unit, supported by cost reduction efforts. The capital structure shows net assets of JPY 95.4 bn and an equity ratio of 25.6%.