TOENEC shares continue sharp rise on double-digit operating profit growth forecast for March 2027 and upward revision to mid-term targets

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Thu Apr 30, 2026 9:45 am JST Catalyst

TOENEC CORPORATION <1946> continues to surge sharply. The company's consolidated earnings forecast for the fiscal year ending March 2027, announced after trading closed on the 28th, projects sales of 285.0 billion yen (up 4.6% year-on-year), operating profit of 24.0 billion yen (up 12.0%), and net profit of 18.0 billion yen (up 1.1%), with the double-digit operating profit growth drawing positive investor response.

The company anticipates increased orders from both the Chubu Electric Power Company,Incorporated <9502> Group and general customers, and expects double-digit growth in power distribution line construction and telecommunications construction work, driven by rising demand related to AI proliferation and carbon neutrality. For the fiscal year ended March 2026, the company reported sales of 272.468 billion yen (up 0.6% year-on-year), operating profit of 21.421 billion yen (up 33.5%), and net profit of 17.81 billion yen (up 65.4%).

The company also announced a revision to its mid-term business plan targets. The ordinary profit target for the fiscal year ending March 2028 has been raised from the previous 18.0 billion yen to 26.0 billion yen (compared to 22.639 billion yen in the fiscal year ended March 2026), which is also viewed as positive news.

Source: MINKABU PRESS

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