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No.1 shares snap four-day losing streak on 24% profit growth outlook and dividend boost
No.1 Co., Ltd. <3562> shares rallied on Tuesday to snap a three-day slide, buoyed by bullish guidance for the fiscal year ending February 2027. After the closing bell on the 13th, the company projected a 24.0% surge in operating profit to 1.65 billion yen. Market appetite was further whetted by a planned dividend hike to 79 yen, marking an increase over the previous year.
No.1 anticipates full-year revenue will climb 20.9% to 21.2 billion yen. The company intends to bolster its bottom line through enhanced productivity and cost optimization, while tapping subsidiary Alexon to spearhead new product development and overseas expansion. No.1 also signaled its commitment to pursuing strategic M&A to fuel further growth.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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