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HASEKO shares surge after Nomura upgrades rating to buy

Mon May 18, 2026 2:21 pm JST Catalyst

HASEKO Corporation <1808> rebounded for the first time in four sessions after Nomura Securities upgraded the stock to "buy" from "neutral" on May 15. Nomura raised its target price to 3,490 yen from 3,390 yen, following the company's earnings release after the market close on the same day. For the fiscal year ended March 2026, HASEKO's consolidated operating profit rose 16.6% year-on-year to 98.743 billion yen. The stock had been under pressure since March on concerns that procurement difficulties stemming from Middle East tensions would delay construction and weigh on earnings. However, full-year operating profit beat Nomura's estimates, and the brokerage noted that materials for projects slated for delivery this fiscal year are largely secured, mitigating delay risks. Nomura also highlighted HASEKO's growing construction market share, driven by strong execution capabilities and expanding pricing power.

Source: MINKABU PRESS

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

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