LY's Net Income Rises 4% in Fiscal Nine Months, Raises Dividend Forecast

MT Newswires Live
02-06

LY's (TYO:4689) net income attributable to owners of the parent rose 4.3% to 127.7 billion yen in the nine-month period ended Dec. 31, 2024, from 122.5 billion yen a year ago.

The furniture manufacturer's earnings per share (EPS) increased to 17.25 yen from 16.27 yen a year ago, according to a Tokyo Stock Exchange filing on Thursday.

Revenue grew 6.1% to 1.429 trillion yen from 1.347 trillion a year earlier.

It forecasted attributable profit at between 450 billion yen and 460 billion yen and net sales to gain 6.6% to 1.935 trillion for the fiscal year ending March 31.

In a separate filing, LY revised its dividend forecast to align with its payout policy, projecting to pay a year-end dividend of 7.00 yen per share, from 5.56 yen per share, for the current fiscal year.

Price (JPY): $475.70, Change: $+1.7, Percent Change: +0.36%

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