Organo Corporation (ORGJF), a Japanese water treatment technology company, on Monday reported a rise in net profit and sales for the first quarter, mainly due to increased demand, especially from the electronics industry, reflecting steady progress of construction work of semiconductor-related plant projects in Japan and Taiwan.
For the three-month period to June 30, the company registered a net income of JPY 3.642 billion, or JPY 79.25 per basic share, higher than JPY 2.676 billion, or JPY 58.25 per basic share, in the same period last year.
Operating income was JPY 6.953 billion, compared with JPY 4 billion a year ago. The company posted sales of JPY 38.110 billion, up from JPY 31.619 billion in the previous year.
Looking ahead, for the first half, the company has revised up its guidance.
For the six-month period to September 30, 2025, Organo now expects a net income of JPY 9.700 billion against the earlier outlook of JPY 7.500 billion. Income per basic share is now projected to be JPY 211.03, less than the previous guidance of JPY 163.16.
First-half sales now expected to be JPY 82 billion as against JPY 77.500 billion previously.
For the six-month period to September 30, 2024, the company had recorded a net profit of JPY 8.134 billion, or JPY 176.97 per basic share, with sales of JPY 74.323 billion.
For the full year, the Group has revised up its net profit outlook, mainly due to the impact of cost reduction and improved first-quarter result.
For the 12-month period to March 31, 2026, Organo now anticipates a net profit of JPY 26.100 billion against the earlier outlook of JPY 24.200 billion. Income per basic share is now projected to be JPY 567.81, less than the previous guidance of JPY 526.48.
The company still projects annual sales of JPY 175 billion, unchanged from the earlier outlook of JPY 175 billion.
For the 12-month period to March 31, 2025, the Group had posted a net income of JPY 24.150 billion, or JPY 525.37 per basic share, on sales of JPY 163.269 billion.
Further, Organo aims to pay a total annual dividend of JPY 170 per share, higher than the previous year's JPY 160 per share.
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