IHI (JP:7013) has released an update.
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IHI Corporation has increased its profit expectations and year-end dividends for the fiscal year ending March 2025, driven by favorable conditions in the civil aero-engines business and the impact of the yen’s depreciation. The company now anticipates a 41.7% rise in profits attributable to owners, despite maintaining its revenue forecast. Investors can also expect a higher full-year dividend of 120 yen per share, reflecting a strategic decision to enhance shareholder value.
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