Shin Nippon Air Technologies (TYO:1952) upgraded its financial and dividend forecasts for the fiscal year ended March 31, citing recent operating trends.

The company now expects higher profits, with consolidated net sales seen rising to 137.6 billion yen from 133 billion initially forecasted, and attributable profit forecast higher at 9.6 billion yen from 8 billion yen previously.

Non-consolidated forecasts show no change in net sales but a significant profit jump, with operating profit up 33.8% to 9.5 billion yen from 7.1 billion yen.

The upward revisions follow stronger financial results and a 23.8 billion yen surge in consolidated orders.

The company also increased its dividend forecast, raising the year-end payout to 50 yen per share from 30 yen.

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