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IPS, Inc. shares surge for fourth straight day to new high on 13.6% operating profit growth forecast
IPS, INC. <4390> climbed for a fourth straight session to reach a fresh all-time high. Following the market close on May 8, the company projected sales of 20.08 billion yen (up 18.1% year-on-year) and operating profit of 6.1 billion yen (up 13.6%) for the fiscal year ending March 2027. The robust outlook fueled strong buying interest.
IPS's core international telecommunications business, providing connectivity between the Philippines, Hong Kong, and Singapore, continues to drive performance. Growth is expected to accelerate in the Philippines following the 2025 enactment of the "Konektadong Pinoy Act," which aims to bolster digital infrastructure and is drawing new regional telecom operators into the market. For the fiscal year ended March 2026, sales totaled 16.999 billion yen (up 11.4% year-on-year) and operating profit rose 21.7% to 5.37 billion yen.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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