NS Solutions' Attributable Profit Climbs Over 28% in Fiscal H1

MT Newswires Live
2024/10/29

NS Solutions' (TYO:2327) profit attributable to owners of the parent company climbed 28.3% to 12.2 billion yen in the fiscal six months ended Sept. 30, from 9.5 billion yen a year ago mainly due to improved revenue and steady expenses.

The technology company said earnings per share rose to 66.60 yen from 51.92 yen a year ago, according to a Friday filing.

Revenue gained 8.2% to 156.6 billion yen from 144.8 billion yen a year earlier.

It forecasted attributable profit to grow 9.3% to 26.5 billion yen or 144.83 yen per share and revenue to gain 7.2% to 333 billion yen for the fiscal year ending March 31, 2025.

It declared an interim dividend of 36.50 yen per share, payable from Dec. 2.

In a separate filing, NS Solutions said it revised its year-end dividend forecast to 36.5 yen per share, increasing by 3.0 yen from the previous forecast, to align with its policy of a consolidated dividend payout ratio of 50%.

NS Solutions' shares gained over 2% at market close.

Price (JPY): $3540.00, Change: $+80, Percent Change: +2.31%

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