Okumura Corporation raises earnings, dividend forecasts

Okumura Corporation is revising its consolidated full-year net sales forecast from 298.5 billion yen to 302.5 billion yen, an increase of 1.3%. Operating profit is now projected to be 13 billion yen, up from 10.8 billion yen (20.4%), and ordinary profit is expected to reach 15.2 billion yen, an increase from 12.7 billion yen (19.7%). Profit attributable to owners of parent is revised to 12.3 billion yen, up from 11.3 billion yen (8.8%), with basic earnings per share now 342.90 yen. These revisions are attributed to additional construction work, cost reductions, and a revised plan for selling investment securities.

For the fiscal year ending March 31, 2026, the company increased its annual dividend forecast to 240.00 yen per share, from the previously announced 220.00 yen. This includes an interim dividend of 110.00 yen and a revised year-end dividend of 130.00 yen, up 20.00 yen from the prior forecast of 110.00 yen. The company's shareholder return policy targets a consolidated payout ratio of 70% or more, or a dividend on equity (DOE) ratio of 2.0% or more, excluding one-off special factors.

Non-operating income for the six months ended September 30, 2025, includes a valuation gain of 1.315 billion yen on forward exchange contracts. This gain resulted from the discontinuation of hedge accounting for Ishikari Bio Energy Godo Kaisha, a consolidated subsidiary, following an explosion at its power generation equipment on July 19, 2024. The facility began trial operations on September 28, 2025, with full commercial operations expected to resume in April 2026.