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Kourakuen Holdings Reports Surge in Nine-Month Profit and Revenue

Kourakuen Holdings Corp. reported a significant jump in financial performance for the nine months ended December 31, with net profit rising to ¥852 million. The Japanese restaurant operator saw its revenue nearly double year-over-year, prompting a shift in its dividend policy as the company capitalizes on recovering market demand.

Kourakuen Holdings Reports Surge in Nine-Month Profit and Revenue

The company’s top-line growth served as the primary catalyst for the period’s results. Kourakuen Holdings saw revenue reach ¥21.80 billion, nearly doubling the ¥11.73 billion recorded during the same timeframe the previous year. This scale-up significantly bolstered the bottom line, with operating profit climbing to ¥1.16 billion, a stark contrast to the ¥154 million reported a year earlier.

Dividend Policy and Shareholder Returns

The report indicates that pretax profit followed a similar upward trajectory, reaching ¥1.17 billion. Consequently, earnings per share improved to ¥44.60. These figures, based on Japanese accounting standards, suggest a period of robust recovery for the restaurant operator.

In light of the strengthened fiscal position, the board has updated its outlook for shareholder returns. After previously withholding payouts, the company now forecasts a year-end dividend.

Key dividend data points include:

  • Forecasted year-end dividend: ¥10.00 per share
    • Total annual dividend forecast: ¥10.00
    • Prior year annual dividend: ¥0.00
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