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MinebeaMitsumi rises for a third straight day on robust AI server demand; domestic brokerage sets target price at \3,900
MinebeaMitsumi <6479> climbed for a third consecutive session. On April 6, Tokai Tokyo Intelligence Laboratory maintained its "Outperform" rating?the highest on its three-tier scale?while raising its price target from \3,800 to \3,900. Assuming geopolitical tensions in the Middle East do not become prolonged, the firm expects sustained profit growth from the fiscal year ending March 2027 onward. For the current fiscal year, the brokerage anticipates robust sales of bearings and motors for AI servers, alongside a market share recovery in optical devices, which had previously struggled due to production delays caused by China’s rare earth regulations. Coupled with the positive impact of structural reforms, the firm forecasts year-on-year growth in both revenue and profit.
Source: MINKABU PRESS
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