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Socionext eyes first profit growth in three years on expanded mass production for China and U.S.
Socionext Inc. <6526> has recovered its 200-day moving average, a key indicator of medium- to long-term trends. Investors are focused on whether the stock can sustain its upward momentum. Formed through the merger of semiconductor divisions from FUJITSU LIMITED <6702> and Panasonic Holdings Corporation <6752>, Socionext listed in 2022 and specializes in custom product development.
Earnings are expected to recover. For the fiscal year ending March 2027, Socionext projects operating profit of 14.0 billion yen, up 13.3% year-on-year, marking its first increase in three years. The forecast reflects expanded mass production of automotive products for China and upcoming launches in North America. Despite recent profit declines, the company has maintained a consistent dividend policy, with a forecast of 50 yen for this fiscal year, unchanged from the previous year.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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