GS Yuasa falls after morning gains despite major domestic securities firm raising target price to 7,400 yen

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Wed Apr 15, 2026 2:49 pm JST Catalyst

GS Yuasa Corporation <6674> weakened after rising in the morning session. SMBC Nikko Securities raised its target price for the company's shares from 4,300 yen to 7,400 yen on the 14th. The firm maintained its investment rating at "1," the highest level on its three-tier scale. The securities firm is focusing on the company's transformation into an industrial battery manufacturer. It forecasts consolidated operating profit of 55.6 billion yen for the fiscal year ending March 2026 and 65.5 billion yen for the fiscal year ending March 2027. The firm expects profit growth this fiscal year to be driven by robust demand, price increases, and the deconsolidation of the Turkish business. SMBC Nikko is paying attention to the 7th Medium-Term Management Plan scheduled to be announced alongside the fiscal year ending March 2026 earnings results, and is also interested in the utilization of production facilities in light of Honda Motor Co., Ltd. <7267>'s review of its electric vehicle (EV) strategy.

Source: MINKABU PRESS

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