MORIROKU COMPANY, LTD. surges in afternoon trading on upward earnings revision for fiscal year ending March 2026 due to weaker yen
MORIROKU COMPANY, LTD. <4249> surged in afternoon trading. The company announced around 2:00 p.m. today a revision to its full-year consolidated earnings forecast for the fiscal year ending March 2026. The operating profit outlook was raised from the previous 3.5 billion yen to 4.6 billion yen (up 11.2% year-on-year).
The sales forecast was also revised upward from 131.2 billion yen to 133.8 billion yen (down 8.5% year-on-year). The main factors were the weaker-than-expected yen and production that did not decline as much as anticipated. On the profit side, the company cited contributions from improved model mix in Japan and fixed cost reductions in North America.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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