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TECHNOFLEX hits daily limit up on upward revision to first-half earnings forecast
TECHNOFLEX CORPORATION <3449> is indicated at a daily limit buy of 3,430 yen. The stock attracted buying interest after the company announced following the market close on the 15th that it has raised its consolidated earnings forecast for the first half ending June. Sales are now expected to reach 15,000 million yen (up 19.4% year-on-year) from a previous forecast of 13,500 million yen, operating profit 2,900 million yen (up 51.1%) from 1,700 million yen, and net profit 2,000 million yen (up 50.8%) from 1,150 million yen.
The company, which manufactures pipe fittings and vacuum equipment for industrial and infrastructure use, raised its outlook as orders grew significantly in clean energy and semiconductor-related markets, resulting in earnings substantially exceeding initial expectations.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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