Misumi Logs Higher Fiscal H1 Net Income; Net Sales Up

MT Newswires Live10-30

Misumi (TYO:9962) posted 25 billion yen in net income attributable to owners of the parent for the fiscal first half compared with 14 billion yen a year ago.

Net income per share was 94.90 yen, compared with 50.96 yen a year earlier, according to a Tokyo Stock Exchange filing on Friday.

For the six months ended Sept. 30, net sales were 273.6 billion yen versus 205.8 billion yen previously, the Japanese factory automation components supplier said.

The company plans to pay an interim dividend of 33.61 yen per share, payable on Dec. 8, and higher than the forecasted 30.92 yen.

Misumi plans to pay a year-end dividend of 36.73 yen per share for the current year, higher than the year-ago figure.

In a separate filing, the company raised its full-year attributable profit forecast to 52.4 billion yen from 44.8 billion yen, net income per share to 199.98 yen from 169.67 yen, and net sales to 565 billion yen from 532 billion yen.

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