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Valuenex Hits Limit-Up for a Third Consecutive Day, Driven by Defense Contracts Including JASDF
Shares of Valuenex Japan <4422> remained locked at their daily upper limit for a third consecutive trading session since the end of last week. The company, known for developing big data analytics based on proprietary algorithms, has been securing large contracts from government agencies and major private corporations, raising expectations for an earnings recovery. Defense-related projects, in particular, have significantly contributed to its revenue. At the end of January, the company disclosed it had won a contract from the Ministry of Defense's Japan Air Self-Defense Force (JASDF) for "comprehensive technical information collection and analysis services necessary for innovation activities."
After touching \654 on March 26?its highest level in approximately three years and three months since December 2022?the stock entered a consolidation phase. However, today it broke through this resistance level while remaining bid-only, soaring to its highest price range in roughly six years and three months since December 2019. The stock is clearly capturing the attention of institutional funds, emerging as a rising star in the defense sector.
Source: MINKABU PRESS
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