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OBIC rebounds after three-day decline as major domestic securities firm raises target price to 5,600 yen

Mon Apr 27, 2026 2:54 pm JST Catalyst

OBIC <4684> rebounded after three straight sessions of decline. SMBC Nikko Securities raised its target price for the stock to 5,600 yen from 4,800 yen on April 24, maintaining its "1" rating (the highest on a three-tier scale). The securities firm cited a positive impression of the results for the fiscal year ended March 2026, noting: (1) an acceleration in revenue growth during the fourth quarter, particularly in system support; (2) the announcement of a share buyback of up to 50.0 billion yen and the first formal explanation of its capital allocation policy, signaling a commitment to shareholder returns; and (3) a strategy to boost sales per customer through the "OBIC7 AI Solution" to capitalize on generative AI opportunities. SMBC Nikko revised its consolidated operating profit forecast for the fiscal year ending March 2027 to 99.2 billion yen from the previous 96.8 billion yen, exceeding the company’s own guidance of 98.0 billion yen.

Source: MINKABU PRESS

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

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