kabutan

MORIO DENKI surges in afternoon trading as fiscal year ending March 2026 results exceed forecasts, turning to profit growth

Mon May 11, 2026 2:39 pm JST Catalyst

MORIO DENKI CO.,LTD. <6647> surged in afternoon trade. Around 2:00 p.m., the company upwardly revised its consolidated results for the fiscal year ended March 2026. Revenue is now expected to reach 8.638 billion yen, up from the prior forecast of 8.5 billion yen. More significantly, operating profit is projected to reach 856 million yen?more than double the initial 350 million yen estimate?and net profit is forecast at 648 million yen, exceeding the earlier 230 million yen target. The revision reversed an initially projected decline into a year-on-year profit gain, driven by solid performance in the core railway-related business. In line with the stronger performance, MORIO DENKI hiked its year-end dividend forecast to 65 yen from 50 yen.

Source: MINKABU PRESS

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

Related Articles