PAL Group's (TYO:2726) profit attributable to owners of the parent surged 50% to 17.7 billion yen for the fiscal year ended Feb. 28, from 11.8 billion yen a year earlier.

The clothing company's basic earnings per share increased to 102.01 yen from 68.23 yen a year ago, according to a Tokyo bourse filing on Tuesday.

Net sales jumped 13% to 234.7 billion yen from 207.8 billion yen in the prior year.

It declared a final dividend of 40 yen per share, payable from May 28.

For the fiscal year ending Feb. 28, 2027, the company expects an attributable profit of 19 billion yen, basic EPS of 109.41 yen, and net sales of 253 billion yen.

PAL Group plans to pay a year-end dividend of 40.00 yen per share for the year, which is similar to the amount paid in the year-ago period.