Importance Score: 15 / 100 🟠
Okaya Co. Ltd. Announces Consolidated Financial Results
Tokyo, March 31 (Reuters) — Okaya Co. Ltd. has released its consolidated financial highlights, reporting on the fiscal year concluded in February 2024 and providing forecasts for the upcoming periods. The financial results show a year-on-year increase in key metrics for the past fiscal year and offer insights into the company’s projected performance. The following are the key highlights in billions of yen unless otherwise indicated.
Key Financial Highlights
Sales Performance
Sales revenue for the year ending February 29, 2024, reached ¥1.11 trillion, marking a 15.6% increase compared to the previous year. The company projects sales to slightly decrease to ¥1.10 trillion for the year ending February 28, 2026. For the fiscal year ending February 28, 2025, sales are anticipated to be ¥1.12 trillion, a 0.9% rise.
Profitability Metrics
Okaya Co. Ltd. demonstrated strong profit growth across various metrics:
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- Operating Profit: Increased to ¥32.41 billion for the year ended February 29, 2024, a 10.1% increase. A further rise to ¥37.37 billion is expected for the year ending February 28, 2025, before a projected decrease to ¥34.00 billion for the year ending February 28, 2026.
- Recurring Profit: Climbed to ¥35.85 billion for the year ended February 29, 2024, a 10.1% growth. A projected increase to ¥41.92 billion is forecasted for the year ending February 28, 2025, followed by an anticipated decrease to ¥38.00 billion for the year ending February 28, 2026.
- Net Profit: Attributable to owners of the parent company, net profit reached ¥23.66 billion for the year ended February 29, 2024, a 0.6% increase. This is expected to rise to ¥27.07 billion for the year ending February 28, 2025, with a subsequent forecast of ¥25.00 billion for the year ending February 28, 2026.
Earnings Per Share (EPS)
Earnings per share saw a substantial increase to ¥1,229.59 for the year ended February 29, 2024, compared to the previous year. The figure is projected to rise to ¥1,406.86 for the year ending February 28, 2025, before decreasing slightly to ¥1,299.27 for the year ending February 28, 2026.
Dividend Information
The company also announced dividend information:
- Annual Dividend: Proposed at ¥260.00 per share for the year ending February 28, 2025, significantly up from ¥150.00 per share in the previous year.
- Q2 Dividend: Set at ¥75.00 per share forecast for the next year, down from ¥125.00 per share in the previous year and ¥135.00 in the latest results.
- Q4 Dividend: Declared at ¥75.00 per share for the year ending February 28, 2025, a decrease from ¥135.00 per share in the previous year but consistent with the ¥75.00 per share in the latest results.
Note: Second Net profit row denotes profit attributable to owners of the parent.