FINWIRES · TerminalLIVE
FINWIRES

Koito Manufacturing Fiscal Q1 Profit Increases; Revenue Climbs

By

Koito Manufacturing (TYO:7276) posted a 45% year-over-year surge in profit attributable to owners of the parent for the fiscal first quarter to 14.7 billion yen from 10.1 billion yen.

The lighting and electronic display maker's net income per share was 55.77 yen, compared with 35.71 yen a year earlier, according to a Tokyo Stock Exchange filing on Wednesday.

Net sales rose 9.6% to 240.9 billion yen for the three months ended June 30 from 219.7 billion yen a year ago.

For the fiscal year ending March 31, 2027, the company expects attributable profit of 39.5 billion yen, net income per share of 150.53 yen, and net sales of 933 billion yen.

The company plans to pay interim and year-end dividends of 28 yen and 30 yen per share, respectively for the current year, totaling 58 yen, up from 56 yen in the previous fiscal year.

Related Articles

Asia

Jinhui Signs Sale-and-Leaseback Deals for Two Bulk Carriers

Jinhui (HKG:0137) has entered into sale-and-leaseback arrangements for two bulk carriers under construction, according to a Tuesday Hong Kong bourse filing.The company will sell each vessel to a unit of ICBC Financial Leasing for up to $18 million and lease them back under separate five-year bareboat charter agreements.The vessels, each with a deadweight of about 64,500 metric tonnes, are expected to be delivered in February and March 2028.

HKG:0137
Asia

BOE Technology Controlling Shareholder to Boost Ownership

BOE Technology (SHE:000725) said its controlling shareholder, Beijing Electronics, plans to purchase company shares worth 500 million yuan to 1 billion yuan over the next six months, according to a Wednesday filing with the Shenzhen bourse.

SHE:000725
Asia

CapitaLand India Trust Spends 30% of Private Placement Proceeds

CapitaLand India Trust (SGX:CY6U) has used SG$45.6 million, representing 30.4% of the gross proceeds of the private placement conducted earlier this year, according to a Wednesday filing to the Singapore stock exchange.Of the SG$100 million earmarked to part fund the ongoing development and construction as part of its acquisition of Building 1 of Ebisu in Bangalore, India, the manager used SG$37.3 million.The company also used SG$5.7 million of the SG$47.4 million allotted to part fund the ongoing development and construction of and acquisition of an office project in Bangalore from Maia Estates Offices.It also used SG$2.6 million to pay all the fees and expenses tied to the private placement.The company's shares were up nearly 2% in recent trade.

SGX:CY6U