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Asahi Diamond Industrial shares jump on upgraded full-year profit forecast as chip demand fuels growth
Asahi Diamond Industrial Co Ltd <6140> drew heavy buying interest, as a glut of buy orders delayed its opening before the stock broke above the 1,200 yen range. As a leading specialist in diamond tools, the company has secured high demand in automotive and semiconductor silicon wafer processing. Against the backdrop of the expanding generative AI market, robust semiconductor demand has pushed operating profit above initial projections. After the close on the 16th, Asahi Diamond raised its operating profit forecast for the fiscal year ending March 2026 to 2.417 billion yen (up 4.6% YoY) from 2.3 billion yen, reversing a projected decline to achieve profit growth. The announcement has sparked fresh investment interest.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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