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Komehyo Holdings surges with gap up as FY03/26 earnings forecast significantly raised, operating profit to jump 50% to record high
Komehyo Holdings <2780> opened with a flood of buy orders and surged, gapping up to break out of its consolidation range in the low 5,000 yen level. The firm, which operates resale businesses for jewelry, luxury watches, and branded bags, is seeing robust demand across its retail and corporate segments. Following the market close on the 8th, Komehyo hiked its FY03/26 operating profit forecast to 9.29 billion yen from 7.47 billion yen, a 50% year-on-year increase that would mark its first record high in two years. The stock’s August 2023 all-time high of 6,390 yen is now being eyed as the immediate upside target.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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