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The latest announcement is out from G-Tekt Corporation ( (JP:5970) ).
G-TEKT reported that its results for the fiscal year ended March 31, 2026 exceeded previous forecasts, with net sales, operating profit, ordinary profit, and profit attributable to owners of parent all coming in above guidance. The outperformance was driven mainly by favorable foreign-exchange effects boosting sales and operating profit, along with non-operating income such as FX gains and subsidies, and extraordinary gains including profit from a partial sale of land held by an overseas subsidiary.
Reflecting the stronger-than-expected earnings, the company raised its year-end dividend forecast from ¥45 to ¥51 per share, bringing the planned annual dividend to ¥96 including the interim payout. Management reiterated its medium- to long-term capital policy of balancing growth investment and risk-taking with stable, continuous shareholder returns, targeting a dividend payout ratio of at least 30% and a dividend on equity of 3.0% or more by the fiscal year ending March 31, 2031.
More about G-Tekt Corporation
G-TEKT Corporation is a Japan-based automotive parts manufacturer listed on the Tokyo Stock Exchange Prime Market under securities code 5970. The company focuses on metal-formed components such as auto body and transmission parts, serving global automakers and benefiting from exposure to overseas markets and foreign-exchange trends.
Average Trading Volume: 186,381
Technical Sentiment Signal: Buy
Current Market Cap: Yen78.98B
See more data about 5970 stock on TipRanks’ Stock Analysis page.