WATANABE SATO CO.,LTD. [1807.T]
TOKYO, May 11 (Pulse News Wire) – Watanabe Sato CO.,LTD. (1807.T) announced today that its board of directors revised the numerical targets set forth in its mid-term business plan for fiscal years 2024 through 2026.
The updated figures align with the company’s latest earnings forecast released concurrently. The revision comes amid shifting business conditions, including recent performance trends and escalating geopolitical risks such as tensions in the Middle East. Despite these challenges, the company remains committed to maintaining its dividend payout policy, emphasizing stability and continuity for shareholders. Under the initial plan, Watanabe Sato aimed for revenues of more than ¥42.00 billion and operating profit exceeding ¥2 billion. However, the adjusted projections now call for revenues of at least ¥38.00 billion and operating profit of more than ¥1.100 billion.
Additionally, the net income target was reduced from over ¥1.300 billion to at least ¥900 million. Return on Equity (ROE) expectations also saw adjustments, moving from above 6.5% to at least 3.9%. Dividend payments remain unchanged at a minimum of ¥80 per share, based on a hypothetical two-for-one stock split effective June 1, 2024. The company's revised strategy continues to focus on three key areas: enhancing profitability, strengthening capital and financial strategies, and advancing ESG initiatives. These efforts reflect a commitment to fostering transformation and sustainable growth amidst evolving global dynamics.
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