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U-Next's Profit Climbs 4.7% in Fiscal H1

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U-Next's (TYO:9418) profit attributable to owners of the parent climbed 4.7% to 9.88 billion yen in the fiscal first half from 9.44 billion yen a year earlier.

The electric services company's basic earnings per share increased to 54.80 yen from 52.32 yen a year ago, according to a Tokyo bourse filing on Monday.

Net sales jumped 14% to 212.8 billion yen for the six months ended Feb. 28 from 186.8 billion yen in the prior year.

It declared a final dividend of 8.50 yen per share for the year, payable from May 25.

For the fiscal year ending Aug. 31, the company expects attributable profit of 18.5 billion yen, basic EPS of 102.57 yen, and net sales of 424 billion yen.

U-Next plans to pay a year-end dividend of 8.50 yen per share for the current year, bringing the total annual payout to 17 yen, which is higher than the 15.50 yen paid in the year-ago period.

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