Mani's Nine-Month Profit Rises 33%
Mani's (TYO:7730) profit attributable to owners of the parent climbed 33% to 5.64 billion yen for the nine months ended May 31 from 4.25 billion yen a year earlier.The surgical equipment manufacturer's basic earnings per share increased to 57.28 yen from 43.19 yen a year ago, according to a Tokyo bourse filing on Wednesday.Net sales rose 9.5% to 24.4 billion yen from 22.3 billion yen in the prior year.In a separate disclosure, Mani raised its forecasts for the fiscal year ending Aug. 31, citing stronger-than-expected dia-bur sales in China and a weaker yen that helped boost revenue and profit. Additionally, attributable profit is further supported by foreign exchange gains, despite one-time expenses expected from the Takanezawa Factory closure in the fourth quarter.The company now expects attributable profit of 6.8 billion yen, up from 6.45 billion yen previously estimated, EPS of 69.03 yen, higher than 65.48 yen, and net sales to rise to 32.9 billion yen from the previous estimate of 32.8 billion yen.Mani plans to pay a year-end dividend of 24 yen per share for the year, which is higher than the 23 yen per share paid in the year-ago period.
