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MISUMI Group surges in late afternoon trading on double-digit operating profit forecast and share buyback announcement

Thu Apr 30, 2026 3:22 pm JST Catalyst

MISUMI Group Inc. <9962> shares jumped in late afternoon trade to hit a new year-to-date high. Around 3:00 p.m., the company forecast a 15.5% rise in consolidated operating profit to 55.0 billion yen for the fiscal year ending March 2027, on sales of 491.5 billion yen, up 11.4%. Investors cheered the projected double-digit profit growth. MISUMI expects to benefit from sustained global demand for automation in growth sectors such as data centers and semiconductors. Net profit is forecast to slide 7.6% to 37.4 billion yen, reflecting the absence of a one-time deferred tax benefit recorded in the previous year.

Concurrently, MISUMI announced a share buyback of up to 13 million shares, or 4.91% of outstanding stock, worth up to 30.0 billion yen. The move, aimed at improving capital efficiency and enhancing shareholder returns, will run from May 22 to March 31, 2027.

Source: MINKABU PRESS

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

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