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Isamu Paint surges in afternoon trading on upward revision to March 2026 earnings forecast driven by price hikes
Isamu Paint co., Ltd. <4624> shares jumped in the afternoon session. Around 1 p.m., the company flagged that its consolidated results for the fiscal year ended March 2026 are expected to outperform prior estimates. Revenue is projected at 8.4 billion yen, up 3.0% year-on-year, compared with an earlier forecast of 8.32 billion yen. Operating profit is seen at 910 million yen, up 44.9% from the previous target, while net profit is expected to reach 750 million yen. Investors cheered the upward revision.
Profitability was bolstered by price revisions and pre-emptive demand for products such as thinners, driven by geopolitical tensions in the Middle East toward the fiscal year-end.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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