Shikoku Kasei's Attributable Profit Climbs Nearly 26% in Fiscal H1

Shikoku Kasei's (TYO:4099) profit attributable to owners of the parent climbed 25.5% to 4.03 billion yen in the fiscal six months ended June 30, from 3.21 billion yen a year ago due to strong sales in overseas markets for its chemicals operations amid weaker yen.

The industrial chemical company said basic earnings per share (EPS) rose to 85.41 yen from 61.22 yen a year ago, according to a delayed filing.

Net sales jumped 14.1% to 35.2 billion yen from 30.9 billion yen a year earlier.

The company forecasted attributable profit to grow 0.6% to 7.90 billion yen or 171.54 yen per share and net sales to gain 7.7% to 68 billion yen for the fiscal year ending Dec. 31.

It declared an interim dividend of 25 yen per share, payable from Sept. 6.

The company expects to pay a year-end dividend of 25 yen per share for the current fiscal year.

Shikoku Kasei's shares shed over 3% at market close.

Price (JPY): $1871.00, Change: $-65, Percent Change: -3.36%