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BIPROGY rebounds as major domestic brokerage upgrades investment rating to top tier

Tue May 12, 2026 2:17 pm JST Catalyst

BIPROGY Inc. <8056> shares rebounded after SMBC Nikko Securities upgraded its investment rating on May 11 to "1" from "2" in its three-tier system. The brokerage hiked its target price to 6,500 yen from 4,900 yen. Consolidated operating profit for the fiscal year ended March 2026 grew a robust 9.1% year-on-year. For the fiscal year ending March 2027, operating profit is projected at 48.4 billion yen, up 13.6%, outperforming the brokerage's 47 billion yen estimate. Meanwhile, shares have retreated approximately 30% over the six months since the second-quarter earnings announcement, suggesting the stock is increasingly undervalued. SMBC Nikko expects the stock to be re-rated as favorable quarterly results are released going forward.

Source: MINKABU PRESS

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

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