Tokyo Seimitsu's board voted on August 4 to raise its dividend forecast for the fiscal year ending March 2027 to ¥304 a share, up from the ¥276 it projected in May and above the ¥262 it paid for the year to March 2026. The increase splits evenly between the interim and year-end payments, each rising to ¥152 from a previously planned ¥138. The company ties payouts to a target consolidated payout ratio of roughly 40% of profit, so the dividend move is a direct consequence of the earnings forecast it revised the same day.
The upgrade rides on an order surge in the June quarter. Group-wide orders hit a record ¥65.82bn, up 83% from a year earlier, and orders for semiconductor production equipment, Tokyo Seimitsu's probers and related test gear, nearly doubled to ¥53.24bn, up 101.8%. Management pointed to demand for testing chips used in generative-AI and high-performance computing, alongside High Bandwidth Memory (HBM) testing needs and expanding chip-inspection capacity in China. The company said it cannot reliably classify orders by device type down to a standalone generative-AI category, so the near-doubling reflects the broader semiconductor-equipment segment rather than an isolated AI-chip order figure.
Quarterly net sales rose 18.9% to ¥36.72bn and operating profit climbed 29.2% to ¥5.92bn, while net profit attributable to shareholders jumped 44.5% to ¥4.67bn. The smaller measuring-instruments segment posted a 32.1% rise in orders to ¥12.58bn, though its operating profit slipped 6.9%.
On the strength of that backlog, Tokyo Seimitsu lifted full-year guidance for the second time this year. It now expects sales of ¥189.0bn, up from ¥181.5bn, and operating profit of ¥44.0bn, up from ¥40.0bn, with net profit guidance raised to ¥30.8bn from ¥28.0bn.
| Metric | Previous Forecast (May 13) | Revised Forecast (Aug 4) | Change |
|---|---|---|---|
| Net sales | ¥181.5bn | ¥189.0bn | +¥7.5bn |
| Operating profit | ¥40.0bn | ¥44.0bn | +¥4.0bn |
| Net profit (parent) | ¥28.0bn | ¥30.8bn | +¥2.8bn |
| Annual dividend per share | ¥276 | ¥304 | +¥28 |
The profit guide rose faster than sales, which management attributed to a richer mix of high-value products and cost improvements even as spending increases.
To keep pace with orders, the company raised its capital-spending plan by ¥4.0bn to ¥15.0bn for the year, weighted toward expanding prober production capacity. Second-half order plans are not yet finalized, but management told investors it expects the back half of the year to run at roughly the same order pace as the first.