Gift's Profit Jumps 76% in Fiscal Q1

MT Newswires Live17:12

Gift's (TYO:9279) profit attributable to owners of the parent jumped 76% to 960 million yen for the fiscal first quarter from 547 million yen a year earlier.

The restaurant operator's earnings per share increased to 47.97 yen from 27.36 yen a year ago, according to a Tokyo bourse filing on Monday.

Net sales jumped 25% to 10.6 billion yen for the three months ended Jan. 31, from 8.50 billion yen in the prior year.

In a separate filing, Gift raised its attributable profit forecast for the fiscal year ending Oct. 31 to 2.61 billion yen from 2.55 billion yen previously, and basic EPS of 130.37 yen from 127.48 yen.

The company maintained its net sales estimate of 43 billion yen.

Gift plans to pay second quarter and year-end dividends of 13.00 yen per share, each, for the current fiscal year.

This brings the annual dividend payout to 26 yen per share, which is higher than the 22 yen per share paid in the year-ago period.

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