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Sanrio's Attributable Profit Surges 31% in Fiscal Year Ended March

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Sanrio's (TYO:8136) profit attributable to owners of the parent jumped 31% to 54.6 billion yen for the fiscal year ended March 31 from 41.7 billion yen a year earlier.

The Japanese owner of the Hello Kitty brand, among others, also posted earnings per share increased to 44.74 yen from 33.66 yen a year ago, according to a Tokyo bourse filing on Tuesday.

Net sales surged 34% to 194.1 billion yen from 144.9 billion yen in the prior year.

The board plans to pay a final dividend of 38 yen per share, payable from July 21, exceeding the prior forecast of 35 yen and last year's 33 yen, according to a separate disclosure.

For the fiscal year ending March 31, 2027, the company expects attributable profit of 63.8 billion yen, basic EPS of 52.62 yen, and net sales of 229.8 billion yen.

Sanrio plans to pay interim and year-end dividends of 8 yen per share, each, for the current fiscal year, which is lower than the prior year's 69 yen per share, after adjusting for the 5-for-1 stock split that took effect April 1.

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