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ITOKI CORPORATION shares fall sharply despite solid Q1 results on profit-taking

Fri May 8, 2026 9:46 am JST Catalyst

ITOKI CORPORATION <7972> shares slumped on May 8, as a solid first-quarter earnings report failed to provide enough of a positive surprise to stave off profit-taking. For the January-March period, the company reported sales of 47,240 million yen, up 10.5% year-on-year, and an operating profit of 8,090 million yen, up 9.0%. While performance was bolstered by office renewal projects tailored to hybrid work styles, investors appeared to view the results as already priced in relative to full-year guidance, leading to a near-term sell-off.

Source: MINKABU PRESS

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

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