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Nojima Corporation hits all-time high for first time in 8 months on Hitachi appliance acquisition and strong earnings

Tue May 19, 2026 3:16 pm JST Catalyst

Nojima Corporation <7419> rose for a fourth consecutive day, surpassing the stock-split-adjusted 1,384 yen recorded last September to hit a new all-time high for the first time in about eight months. Expectations are building for business expansion following its acquisition of Hitachi's home appliance unit, which, combined with strong earnings sentiment, has recently drawn buying interest. For the fiscal year ended March 2026, announced on May 7, consolidated operating profit grew 20.1% year-on-year to a record 58.071 billion yen. Sales of AI-powered PCs and high-value-added beauty appliances were robust, while expanding mobile carrier shop operations also drove overall growth. Nojima is projected to maintain its growth trajectory for the fiscal year ending March 2027, alongside a planned dividend hike.

Source: MINKABU PRESS

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

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