Dai Nippon Toryo Raises Earnings Forecast for Fiscal 2026

MT Newswires Live10-27 15:24

Dai Nippon Toryo (TYO:4611) has revised upwards its attributable net profit forecast for six months ending September 30 to 3.4 billion yen, from 1.25 billion yen previously, citing sales recovery in the domestic coatings business.

The paint and coating maker's basic earnings per share forecast is now expected to be lower at 118.98 yen, up from 43.91 yen initially, according to its Tokyo bourse filing on Tuesday.

The net sales for the period are expected to be 51.35 billion yen compared to the 47.50 billion yen forecast earlier.

For the full year ending March 31, 2027, the company has revised its attributable net profit forecast to 5.8 billion yen, up from 3.4 billion yen; basic EPS to 202.90 yen from 119.21 yen; and sales to 100 billion yen, up from 96 billion yen.

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