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note inc. shares volatile, slide despite robust Q1 results
note inc. <5243> experienced turbulent trading on Wednesday. The stock initially jumped 13% from the previous close to the 3,400 yen range on buy orders, but sharp selling pressure drove shares significantly lower after the opening. The company announced its first-quarter results for the fiscal year ending November 2026 (December-February) after the close on the 14th, reporting an operating profit of 235 million yen, a massive jump from 5 million yen in the same period last year.
Despite the surge in profit, the market reaction suggested the results were already partially priced in. While expectations remain high for full-year earnings to exceed guidance, some investors were reportedly disappointed by the progress rate.
On the supply-demand front, high margin buying balances weighed on the stock. A domestic securities strategist noted that "short sellers may have executed coordinated selling through the stock lending market," contributing to the sharp reversal.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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