Tosei (JP:8923) has released an update.
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Tosei Corporation has adjusted its full-year earnings and dividend forecasts for FY ending November 30, 2024, citing better-than-expected profit margins and performance in its Revitalization and Hotel businesses. While revenue forecasts have dipped due to a strategic delay in property sales, profits are projected to rise, leading to an upward revision of both operating profit and profit before tax. Consequently, the year-end dividend forecast has been increased to ¥77 per share.
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