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Jesco Holdings shares jump to daily limit as H1 ordinary profit doubles through February
Shares of JESCO Holdings, Inc. <1434> extended their rally for a third straight session, hitting an all-time high before jumping to the daily limit-up price, where it remained bid-only. Post-market on the 13th, JESCO Holdings reported consolidated results for the September-February first half. Revenue climbed 25.9% year-on-year to 10,934 million yen, while ordinary profit more than doubled to 1,340 million yen. The strong performance fueled buying, especially as ordinary profit has already reached 77% of its full-year guidance.
New orders skyrocketed 81.5% year-on-year to 13,689 million yen. Domestically, the company saw robust order growth in grid-scale battery storage and communication systems, alongside steady progress in large-scale, long-term contracts. Earnings were also bolstered by smooth progress in electrical construction for security and road infrastructure, while the real estate segment benefited from the sale of two properties.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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