Hokuryo lifted its annual dividend to ¥130 a share for the year to March, after net income rose to ¥3.86bn from ¥2.18bn and ordinary income increased to ¥5.05bn from ¥2.00bn.
Sales reached ¥23.11bn, up from ¥19.40bn a year earlier, while basic earnings per share climbed to ¥456.65 from ¥257.93. The report also showed net assets per share at ¥2,071.04 and an equity-to-asset ratio of 74.9%, up from 73.7%.
For shareholders, the cleaner headline is the cash payout: the annual dividend rose from ¥70 to ¥130 a share, with the reported payout ratio at 28.5% for the year to March.
What the filing does not offer, at least in the supplied excerpt, is much narrative about why profitability jumped. Separate company materials describe the business as centered on egg production, manufacturing and sales, but the annual report excerpt is mostly a scoreboard rather than a play-by-play.