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OKAMOTO GLASS hits daily limit high on plans to transform into AI data center materials supplier with new medium-term plan

Mon May 18, 2026 10:40 am JST Catalyst

OKAMOTO GLASS CO., LTD. <7746> shares remained locked at their daily limit high with unexecuted buy orders after the company forecast a return to profitability for the fiscal year ending March 2027 following the market close on May 15. For the fiscal year ending March 2027, the company projects sales to rise 17.2% year-on-year to 5.55 billion yen, operating income to swing to a positive 192 million yen from a loss of 78 million yen, and net income to come in at 75 million yen, reversing a 149 million yen loss in the previous fiscal year. Concurrently, it announced a medium-term business plan targeting sales of 10 billion yen and an operating profit margin over 10% for the fiscal year ending March 2029, alongside a fundraising initiative via stock acquisition rights for capital investments in data center products and new light guide devices.

For the current fiscal year, increased adoption of heat dissipation substrates and steady sales of polarizers are expected to drive revenue growth. Over the medium-term plan period, the company aims to transform itself into a materials supplier for AI data centers and expand its production capacity. Additionally, OKAMOTO GLASS will raise approximately 1.6 billion yen on a net basis through the issuance of stock acquisition rights allocated to Nomura Securities, with a maximum dilution rate of 6.89% on a voting rights basis if all rights are exercised.

Source: MINKABU PRESS

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

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