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Naigai Tec Corporation surges unmatched at buy-only level on significantly raised FY03/26 earnings forecast driven by AI data center demand
Naigai Tec Corporation <3374> started trading with overwhelming buy orders that remained unmatched at the opening, breaking above the 75-day moving average and clearing the Ichimoku cloud on the daily chart while significantly updating its year-to-date high. The company handles sales of semiconductor manufacturing equipment-related devices and various components. While it has high exposure to Tokyo Electron Limited <8035>, which accounts for 80% of total sales, the company is capturing demand from AI data center-related capital investments, with recent business performance exceeding management's expectations.
After the close of trading on the 28th, the company announced a revision to its FY03/26 earnings forecast, significantly raising sales from the previous forecast of 29.5 billion yen to 32.614 billion yen (down 8% year-on-year) and operating profit from 810 million yen to 1.402 billion yen (down 10% year-on-year). The company also strengthened shareholder returns, raising the annual dividend for the previous fiscal year by 5 yen from the original plan to 105 yen (compared to 100 yen in the previous fiscal year). The dividend yield is high at 4.2% based on the closing price on the 28th. This served as catalyst material for investment funds to take an aggressive stance, while the stock has light resistance on the upside as a small-cap stock with a market capitalization of less than 10 billion yen and depleted margin buying balance.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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