Iwatani Corporation Reports 4.1% Increase in Net Sales for FY24, Profit Attributable to Owners Down 6.9%
Iwatani Corporation reported a 4.1% increase in net sales for FY24, totaling 883.011 billion yen, while profit attributable to owners fell by 6.9% to 40.448 billion yen. Operating profit decreased by 8.7% to 46.228 billion yen. For FY25, the company forecasts a 6.0% rise in net sales to 936.4 billion yen and a 20.6% increase in profit attributable to owners to 48.8 billion yen. Iwatani's "PLAN27" aims for a dividend payout ratio of 20% or higher by FY2027.
Iwatani Corporation has released its consolidated financial results for the fiscal year ended March 31, 2025. The company reported net sales of 883.011 billion yen, representing a 4.1% increase compared to the previous fiscal year. Operating profit decreased by 8.7%, amounting to 46.228 billion yen. Ordinary profit saw a slight decrease of 1.3%, totaling 61.487 billion yen. Profit attributable to owners of the parent dropped by 6.9% to 40.448 billion yen. For the next fiscal year, Iwatani Corporation forecasts net sales to rise by 6.0% to 936.4 billion yen. The company anticipates an operating profit increase of 6.2%, reaching 49.1 billion yen. Ordinary profit is expected to grow by 2.6% to 63.1 billion yen, while profit attributable to owners of the parent is projected to jump by 20.6%, amounting to 48.8 billion yen. Iwatani's medium-term management plan, "PLAN27," aims to steadily increase dividends in line with profit growth, targeting a payout ratio of 20% or higher by FY2027.
