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Harmonic Drive Systems ranks third in rising sell predictions among individual investors on Minkabu
As of noon on May 19, Harmonic Drive Systems Inc. <6324> ranked third in "rising sell predictions" on the "Retail Investor Predictions (Latest 48 Hours)" dashboard compiled by Minkabu.
The company's shares extended their sharp decline on Tokyo's Prime Market on May 19. Harmonic Drive Systems released its earnings results after the close on May 13, forecasting a consolidated net profit of 4.5 billion yen for the fiscal year ending March 2027, a 2.8-fold increase from the previous year. Tailwinds are expected from automation investments and expanding capital expenditure driven by growing demand for advanced semiconductors. The stock had been gaining momentum amid investor interest in physical AI-related equities. However, after hitting a year-to-date high of 7,380 yen on May 15, profit-taking has dominated due to concerns over stretched valuations.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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