FP Corporation Raises Dividend Forecast After Exceeding Earnings Projections

FP Corporation announced on May 10 that it will raise its dividend forecast for the fiscal year ending March 2016. The company's board of directors approved an increase in the year-end dividend to 35 per share, up from the previously expected 32. This adjustment brings the total expected dividend for the fiscal year to 68 per share, an increase from the initial forecast of 65.

The revision is attributed to the company's net profit for the fiscal year exceeding its initial projections. FP Corporation stated its policy is to enhance profitability and strengthen its financial position while providing returns to shareholders. The increased dividend aims to reflect the company's performance and shareholder support.

The company also noted that the year-end dividend is subject to final confirmation following the statutory audit of its financial statements. The final amount will be determined at a board meeting scheduled for late May 2016.

For the previous fiscal year ending March 2015, FP Corporation distributed a total dividend of 50 per share, consisting of an interim dividend of 24 and a year-end dividend of 26.