KK Daihen

Latest Results (13.06.2024):

Net Sales Stability

KK Daihen reported stable net sales for the nine months ended December 31, 2023, totaling 127,235 million yen. This figure remains virtually unchanged from the previous year, demonstrating resilience in the company's revenue streams despite challenging market conditions.

Decline in Operating and Ordinary Profits

For the same period, KK Daihen experienced a significant decline in both operating and ordinary profits. Operating profit decreased by 30.2% to 7,818 million yen, and ordinary profit fell by 29.5% to 8,514 million yen, reflecting the tough operating environment and decreased sales in specific sectors.

Increase in Profit Attributable to Owners

Contrasting the declines in operating and ordinary profits, KK Daihen saw an increase in profit attributable to owners of the parent, which rose by 27.0% to 11,269 million yen. This increase was largely due to gains from a bargain purchase associated with the acquisition of shares of subsidiaries.

Comprehensive Income Growth

The company's comprehensive income for the nine months ended December 31, 2023, grew by 23.6% to reach 13,557 million yen. This growth indicates an overall improvement in the total financial performance of KK Daihen, encompassing all aspects of income and changes in equity.

Dividend Forecast

KK Daihen has projected an increase in dividends for the fiscal year ending March 31, 2024, with an anticipated year-end dividend of 82.50 yen per share, leading to a total annual dividend of 165.00 yen per share. This represents a positive outlook on the company's ability to generate sufficient profits and cash flow to reward its shareholders.