Outlook: SYT expects revenue to be within ¥24,700 million - ¥26,700 million ($183.7 million – $198.6 million), operating income (excluding income from the mining business) to be ¥850 million - ¥980 million ($6.3 million – $7.3 million) and EPS to be ¥1,359 to ¥1,637 ($10.11 – $12.18).

The company expects an operating loss for H1, primarily due to the completion of large-scale properties and fundraising, expected to be concentrated in H2 2023.

Dividend: SYT plans to double dividend per share to ¥140 ($1.04) from ¥70 ($0.52), expecting to continue increasing dividends yearly, with a mid-to-long-term target of a dividend payout of 30% of net income.

Price Action: SYT shares closed lower by 0.55% at $7.18 on Monday.