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HEPHAIST surges for third day on operating profit forecast and dividend resumption
HEPHAIST Co., Ltd. <6433> shares rose sharply for a third consecutive day after the company announced around 3:00 p.m. on May 15 its consolidated earnings forecast for the fiscal year ending March 2027. The company expects to swing to an operating profit of 101 million yen, compared with a loss of 262 million yen in the previous fiscal year, and resume dividends for the first time in two years with a year-end dividend of 2 yen, attracting buyers.
The company expects revenue to rise 26.3% year-on-year to 2.07 billion yen. It anticipates tailwinds from growing semiconductor demand, increased automation needs driven by labor shortages, continued expansion in demand for precision parts processing in advanced industrial fields, and progress in Physical AI-related investments.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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