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RenetJapanGroup surges in rebound after three days as GIGA demand drives second upward revision to Sept 2026 earnings forecast

Wed May 13, 2026 9:40 am JST Catalyst

RenetJapanGroup,Inc. <3556> surged in a rebound following three days of declines. Before the opening bell today, the company issued its second upward revision to its consolidated earnings forecast for the fiscal year ending September 2026, which bolstered investor sentiment. RenetJapanGroup now projects revenue of 16.2 billion yen (up 55.6% year-on-year), operating profit of 1.7 billion yen (up 5.6-fold), and net profit of 1.2 billion yen (up 57.0%).

The upgrade reflects the full-scale replacement cycle of GIGA School initiative devices in the recycling business. As bidding progresses, the company has incorporated high-probability projects into its outlook where revenue visibility has improved. Additionally, higher-than-expected volumes and unit prices in B2C collection contributed to the revision.

Separately, RenetJapanGroup reported interim results for the period ended March, with revenue reaching 6.67 billion yen, up 27.7% year-on-year. Operating profit surged 4.9-fold to 539 million yen, while net profit rose 2.8-fold to 428 million yen.

Source: MINKABU PRESS

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

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