Latest Tokyo Brief coverage on SENSHU ELECTRIC CO.,LTD., tracking filings, financial news, and market signals from Japan.
TSE:9824
Senshu Electric lifted its full-year profit forecast and raised its annual dividend to ¥170 from ¥160, citing a recovery in orders from semiconductor equipment and machine-tool customers.
The company raised full-year sales guidance to JPY 154 billion from JPY 144 billion and net profit to JPY 8.5 billion from JPY 7.7 billion, saying demand from semiconductor manufacturing equipment and machine-tool customers recovered faster than expected. It also raised the annual dividend plan to JPY 160 a share from JPY 150, though construction and electrical-distribution demand still faces project delays tied to cost inflation and labor shortages.