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NTN CORPORATION surges for third consecutive day on upward revision to return to profitability for fiscal year ending March 2026

Thu Apr 30, 2026 10:36 am JST Catalyst

NTN CORPORATION <6472> surged for the third consecutive day. At around 10:00 a.m. today, the company announced that its consolidated financial results for the fiscal year ending March 2026 are expected to land with revenue of 820 billion yen (down 0.7% year-on-year) compared to the previous forecast of 805 billion yen, operating profit of 30 billion yen (up 30.7% year-on-year) compared to the previous forecast of 26 billion yen, and net profit of 11 billion yen (compared to a net loss of 23.81 billion yen in the previous fiscal year) versus the previous forecast of a 4 billion yen loss. The net profit outlook has shifted from an expected loss to profitability, attracting favorable buying. Revenue and operating profit exceeded forecasts due to increased scale, while improvements in foreign exchange gains/losses and reduced tax expenses resulting from tax effect accounting in the Japan segment boosted profits.

Source: MINKABU PRESS

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

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