TYK <5363> has significantly continued to decline. The financial results for the fiscal year ending in March 2024 were announced last weekend. Operating profit decreased by 0.5% compared to the previous year to 3.18 billion yen, and it has almost landed on the conventional estimate line. However, annual dividends have been lowered from the previous plan of 17 yen to 16.2 yen, which is seen as negative news. Also, for the fiscal year ending March 2025, the operating profit is expected to turn into an increase with a 9.0% increase to 3.47 billion yen, but the annual dividends are planned to be reduced by 0.4 yen to 15.8 yen.
TYK---大幅続落、前期配当金は下振れで今期も減配計画
TYK --- Continued sharp decline, dividends for the first fiscal year were declining, and dividend cuts are planned for the current fiscal year as well
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