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Workman Extends Gains to Fifth Session as Local Brokerage Hikes Price Target to \9,300

Mon Apr 6, 2026 2:26 pm JST Catalyst

Shares of Workman <7564> extended their gains for a fifth consecutive session. Tokai Tokyo maintained its top-tier "Outperform" rating on the stock while raising its price target to \9,300 from \9,000.

The upgrade follows robust fourth-quarter (January-March) results, with same-store sales surging 17.7% year-over-year. Consequently, the brokerage raised its consolidated operating profit forecast for the fiscal year ending March 2026 to \30.0 billion. This represents a 23.0% YoY increase and exceeds the company's own guidance of \28.2 billion.

Analysts anticipate significant profit growth driven by the full-scale launch of the "Mediheal" recovery wear line in mid-February, alongside a shift toward higher-margin seasonal products. Looking ahead to the fiscal year ending March 2027, the firm expects continued earnings momentum fueled by sustained Mediheal sales and strategic price hikes on high-value-added merchandise.

Source: MINKABU PRESS

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