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NIPPON CHEMI-CON rises against market trend on significant net profit upgrade and ambitious mid-term plan

Mon Mar 30, 2026 9:23 am JST Catalyst

NIPPON CHEMI-CON CORPORATION <6997> moved against the broader market decline, sharply narrowing its negative divergence from the 75-day moving average running horizontally around the mid-\1,500 level. After the close of trading on the 27th last week, the company announced a revision to its net profit forecast for the fiscal year ending March 2026, significantly raising it from the previous \1.5 billion to \3.0 billion (compared to \37 million profit in the previous year) due to the recording of extraordinary gains. On the same day, the company also announced the formulation of a mid-term business plan. The plan sets a numerical target of \14.0 billion in operating profit for the fiscal year ending March 2029 (compared to actual results of \3.74 billion in the previous year), which served as a positive surprise and attracted investment funds.

Source: MINKABU PRESS

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