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ISHIHARA SANGYO shares rebound sharply as domestic research firm raises target price to \4,230
ISHIHARA SANGYO KAISHA, LTD. <4028> rebounded sharply after Tokai Tokyo Intelligence Laboratory raised its target price to 4,230 yen from 2,280 yen on April 21. The firm maintained its "Outperform" rating. The research firm expects ISHIHARA SANGYO to enter a profit growth phase from the fiscal year ending March 2026 as structural reforms in its titanium dioxide business progress. It anticipates a full-scale volume recovery in inorganic chemicals, particularly barium titanate for MLCC (multi-layer ceramic capacitors), and forecasts improvements in the healthcare business. Tokai Tokyo revised its operating profit forecast for the fiscal year ending March 2028 to 22.3 billion yen from 21.1 billion yen.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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