MTG, which sells beauty appliance brand ReFa and fitness brand SIXPAD, revised up its full-year earnings and dividend forecasts after announcing third-quarter results on August 4. The stock rose 27% in about three weeks, from 7,400 yen to 9,400 yen, a record high. The company raised its sales forecast from 135 billion yen to 142 billion yen, operating profit from 15 billion yen to 16 billion yen, ordinary profit from 15 billion yen to 16 billion yen, and net profit from 10 billion yen to 11 billion yen. It also increased its year-end dividend forecast from 33 yen to 37 yen per share. The main profit driver is the direct marketing business, which sells directly to consumers via e-commerce and mail order, with sales of 38 billion yen and segment profit of 10.5 billion yen, the largest among all segments. Meanwhile, while shareholder benefits are being increased, shareholders who have held shares for less than one year are not eligible, and new buyers will not receive benefits for the fiscal year ending September 2026. This is a point to note.
Modern Times Group MTG AB BMTG raised full-year earnings and dividend forecasts, driving shares up 27%.
