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Japan Exchange Group raises fiscal 2017-2018 earnings, dividend forecast

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Japan Exchange Group raises fiscal 2017-2018 earnings, dividend forecast

Japan Exchange Group Inc. raised its earnings and dividend forecast for the fiscal year ending March 31.

The company said March 22 that it now expects net income attributable to owners to come in at ¥50.00 billion, or ¥93.26 per basic share, up from the previous forecast of ¥42.50 billion, or ¥79.27 per basic share.

Operating income and operating revenue for the fiscal year are expected to come in at ¥71 billion and ¥120 billion, respectively, up from the previous forecast of ¥60 billion and ¥110 billion.

Further, the company said it now expects to pay a total dividend of ¥57 per share, consisting of a second-quarter dividend of ¥24 per share and an expected year-end dividend of ¥33 per share. Earlier, the company expected to pay a total dividend of ¥48 per share, consisting of ¥24 per share for each of the second and fourth quarters.

For the fiscal year ended March 31, 2017, the company paid a total dividend of ¥47 per share, consisting of a second-quarter dividend of ¥21 per share and a fourth-quarter dividend of ¥26 per share.

As of March 21, US$1 was equivalent to ¥106.35.