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SHOEI rises sharply for fourth straight day as domestic research firm upgrades to outperform
SHOEI <7839> rose sharply for the fourth consecutive session, hitting a new year-to-date high. On April 30, Tokai Tokyo Intelligence Laboratory upgraded its rating on the company to "Outperform," its highest level, from "Neutral." The firm also raised its target price to 2,100 yen from 2,000 yen. Analysts at the firm believe helmet demand has bottomed out and is on a gradual recovery path. While SHOEI forecasts a consolidated operating profit of 8.37 billion yen (down 5.9% year-on-year) for the fiscal year ending September 2026, the securities firm expects a higher result of 9.01 billion yen.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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