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SUKEGAWA ELECTRIC surges in late afternoon trading on upward revision to Sept. 2026 earnings and dividend forecasts

Thu May 7, 2026 3:13 pm JST Catalyst

SUKEGAWA ELECTRIC CO.,LTD <7711> surged in late afternoon trading. Around 3:00 p.m., the company raised its standalone earnings forecast for the fiscal year ending September 2026, revising sales from 5.8 billion yen to 6.07 billion yen (up 11.0% year-on-year), operating profit from 1.18 billion yen to 1.28 billion yen (up 9.9%), and net profit from 833 million yen to 903 million yen (up 13.7%). The company also increased its dividend forecast from 50 yen per share (25 yen interim and 25 yen year-end) to 52 yen per share (26 yen interim and 26 yen year-end, compared to 40 yen in the previous year), which was well received by the market.

The revisions were attributed to first-half results exceeding projections due to increased sales of nuclear-related products for research institutions and products related to the restart of nuclear power plants. For the interim period ending March, SUKEGAWA ELECTRIC reported sales of 3.108 billion yen (up 5.0% year-on-year), operating profit of 784 million yen (up 12.1%), and net profit of 561 million yen (up 13.2%).

Source: MINKABU PRESS

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

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