USS raises full-year forecasts and dividends after strong interim performance

USS Co., Ltd. announced a 7.0% increase in consolidated net sales to JPY 53,979 million for the second quarter (interim period) of the fiscal year ending March 2026. Operating profit rose 9.4% to JPY 28,709 million and ordinary profit was up 9.2% to JPY 29,041 million. Net profit attributable to owners of the parent grew 10.0% to JPY 19,951 million, surpassing previous expectations.

This strong performance, attributed to a favorable market and increased consignment and contract completions at its auction sites, led the company to revise its full-year consolidated earnings forecast. The revised forecast now projects an ordinary profit of JPY 58,100 million and a net profit attributable to owners of the parent of JPY 39,650 million.

In line with its shareholder return policy targeting a consolidated dividend payout ratio of at least 60%, USS has increased its year-end dividend forecast from JPY 25.20 to JPY 26.20 per share, bringing the total annual dividend to JPY 51.40 per share.