Shinden Hightex Corporation (TSE: 3131), a Tokyo-listed semiconductor and electronics distributor, told the exchange on August 10 that its board raised the full-year consolidated earnings forecast it first issued in May, for the year to March 2027.
Net sales are now guided to ¥79.0bn, up 58% from the earlier ¥50.0bn estimate. Operating profit rises 135.3%, to ¥4.0bn from ¥1.7bn, while ordinary profit climbs 150.0% to ¥3.0bn from ¥1.2bn. Net profit attributable to the parent also rises 135.3%, to ¥2.0bn from ¥850mn. Per-share earnings guidance more than doubles, to ¥1,061.05 from ¥450.95. For context, the company's actual results for the year ended March 2026 were sales of ¥42.8bn and net profit of ¥351mn.
Shinden Hightex attributed the upgrade to price increases in memory-related semiconductor products and to new business lines ramping up faster than planned, both concentrated in its semiconductor products segment. Other product categories are tracking roughly as expected. Management called current pricing and supply-demand conditions unstable, citing front-loaded demand, uneven growth across applications and supply constraints, and said it would disclose any material change promptly.
The board also revised its year-end dividend forecast. It had guided investors in May to a ¥135.00 year-end payout; that forecast now rises to ¥235.00, made up of the original ¥135.00 base dividend plus a new ¥100.00 special dividend tied to this earnings upside.
| Component | Previous Forecast | Revised Forecast |
|---|---|---|
| Base dividend | ¥135.00 | ¥135.00 |
| Special dividend | ¥0.00 | ¥100.00 |
| Total year-end dividend | ¥135.00 | ¥235.00 |
The company said the special component is a one-time response to the profit surge, not an increase to its ongoing dividend level, and that the remaining upside will fund working capital and strengthen its balance sheet as foreign-currency borrowings and funding needs from expanding sales increase. Last year's year-end dividend was ¥130.00.