Tobila Systems Revises Earnings, Dividend Forecasts for FY2024

Tobila Systems (TYO:4441) has revised its earnings and dividend forecasts for the fiscal year ending Oct. 31, after better-than-expected financial performance, according to its filing on Tuesday.

The revised earnings forecast maintains net sales at 2.35 billion yen but the profit forecast was raised to 541 million yen from 500 million yen initially, reflecting a 4.5% year-on-year increase.

This adjustment is driven by higher-than-expected sales in the Mobile Phone Filtering Services sector and efficient expense management.

The dividend forecast has also been revised, with the year-end dividend per share increased to 18.20 yen from 17.00 yen, in line with the company's 35% dividend payout ratio.

In a separate filing on the same day, Tobila Systems' reported an attributable profit of 465 million yen for the fiscal nine months ended July 31, up 36% from 342 million yen a year ago.

The company, engaged in the junk information filter business, said earnings per share was 44.41 yen from 32.26 yen.

Net sales rose 15.8% to 1.77 billion yen from 1.53 billion yen.

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