Dowa Holdings beats first-half profit forecasts, raises full-year outlook and dividends

Dowa Holdings reported first-half ordinary profit of ¥15,612m, surpassing its forecast of ¥15,300m for the period ended September 30, 2025. This was driven by a weaker yen, stronger U.S. dollar, and higher major metal prices. Profit attributable to owners of parent significantly exceeded expectations at ¥13,625m, compared to a forecast of ¥9,500m.

Consequently, Dowa Holdings revised its full-year consolidated financial forecasts for the fiscal year ending March 31, 2026. The company now projects ordinary profit of ¥43,000m, up from ¥34,000m, and profit attributable to owners of parent of ¥31,000m, an increase from ¥27,000m. Net sales are also revised upwards to ¥696,000m from ¥692,000m.

In line with the improved financial outlook, Dowa Holdings revised its annual cash dividend forecast for the current fiscal year from ¥159 per share to ¥183 per share. This adjustment adheres to the company's dividend policy, reflecting confidence in sustained performance from robust demand and continued favorable market conditions.