Tokyo Century raises fiscal 2025 forecast, boosts dividends on strong performance

Tokyo Century Corporation revised its consolidated net income attributable to owners of parent forecast for fiscal 2025 (ending March 31, 2026) to ¥100,000 million, up 7.5% from the previous forecast of ¥93,000 million. This revision is primarily due to a Russia-related insurance settlement received by its subsidiary, Aviation Capital Group LLC, which exceeded initial forecasts, alongside robust overall business performance. Consequently, basic earnings per share are projected to rise from ¥190.62 to ¥204.69.

The company also announced an increase in its interim dividend per share for fiscal 2025 from ¥34.00 to ¥36.00. Furthermore, the year-end dividend forecast was revised upward from ¥34.00 to ¥36.00, bringing the annual dividend per share to ¥72.00, compared to the previous forecast of ¥68.00. The company’s basic policy is to provide stable, long-term shareholder returns, aiming for a progressive dividend policy with a payout ratio of approximately 35%.

For the first six months ended September 30, 2025, Tokyo Century's net income attributable to owners of parent surged by 115.2% to ¥92,799 million, compared to ¥43,116 million in the same period of the previous fiscal year. This increase was notably supported by a significant extraordinary income of ¥75,149 million from the Russia-related insurance settlement. Total assets decreased slightly by 0.2% to ¥6,848,756 million, primarily due to foreign exchange fluctuations.