As of 2:00 p.m. on the 11th, CRESCO LTD. <4674> ranked 4th in "rising buy predictions" based on "individual investor predictions (latest 48 hours)" compiled by Minkabu.

After the close of trading on the 8th of last week, the company announced its consolidated earnings forecast for the fiscal year ending March 2027, projecting sales of 71.5 billion yen (up 10.5% year-on-year), operating profit of 8 billion yen (up 21.1%), and net profit of 5.53 billion yen (up 4.8%), indicating significant revenue and profit growth. The annual dividend forecast was set at 70 yen, an increase of 6 yen from the previous fiscal year.

The company plans to accurately convert system renewal and IT investment demand from customers into orders, while improving profitability through enhanced development efficiency and cost efficiency utilizing generative AI. For the fiscal year ended March 2026, the company reported sales of 64.676 billion yen (up 10.1% from the previous year), operating profit of 6.605 billion yen (up 10.4%), and net profit of 5.279 billion yen (up 19.8%).

At the same time, CRESCO announced a share buyback program with an upper limit of 1 million shares (2.48% of issued shares excluding treasury stock) or 2 billion yen. The acquisition period is from May 11 to November 30, and the company plans to cancel the acquired treasury shares.

Following these announcements, the company's stock attracted concentrated buying from the morning, rising to 1,689 yen at one point during the morning session, up 289 yen (20.6%) from the previous week's close. The stock has since continued to trade mostly in the upper 1,600 yen range, and this strong stock price movement appears to be driving the increase in buy predictions.

Source: MINKABU PRESS

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