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Light Industry reports 23% rise in April–June ordinary profit to 3.44 billion yen, revises dividend forecast following stock split
Light Industry announced that consolidated ordinary profit for the first quarter of the fiscal year ending March 2027, covering April to June, rose 22.7% year on year to 3.44 billion yen, achieving a progress rate of 44.8% against the first-half plan of 7.7 billion yen. At the same time, in connection with a 1-for-4 stock split effective September 30, the company revised its annual dividend forecast from the previous 146 yen to 66.5 yen, though on a pre-split basis this equates to 146 yen, leaving the effective dividend unchanged. The operating profit margin for the April–June period improved to 11.3% from 9.1% a year earlier.