NIPPON GEAR hits daily limit up as OKANO VALVE's strong earnings boost nuclear-related stocks

NIPPON GEAR CO.,LTD. <6356> surged to the daily limit up of 1,526 yen. Following OKANO VALVE MFG.CO.LTD. <6492>'s announcement after trading on the 22nd of an upward revision to its earnings forecast for the fiscal year ending September 2026, buying has entered NIPPON GEAR on expectations of strong performance as a fellow nuclear-related stock.

OKANO VALVE MFG revised its operating profit upward from 966 million yen to 1,950 million yen. This was driven by increased additional orders in the valve manufacturing division for planned projects related to the Kashiwazaki-Kariwa Nuclear Power Station's facility for specific severe accident measures and the Shimane Nuclear Power Station Unit 2, as well as accelerated progress on a project for the Nanao-Ota Thermal Power Station. Additionally, the increase in high-value-added additional orders, primarily in the nuclear sector, boosted performance. This has led to expectations that other nuclear-related stocks will also benefit from strong demand for nuclear power projects. In addition to NIPPON GEAR, familiar nuclear-related names such as KIMURA CHEMICAL PLANTS CO., LTD. <6378> and SUKEGAWA ELECTRIC CO.,LTD <7711> rose. TVE Co., Ltd. <6466>, another valve manufacturer like OKANO VALVE MFG, also showed a buy-dominated daily limit up indication.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.