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MegaChips rebounds for first time in four days on upward revision to net profit forecast for fiscal year ending March 2027 due to increased gains from sale of investment securities

Thu May 21, 2026 9:37 am JST Catalyst

MegaChips Corporation <6875> rebounded for the first time in four sessions. Markets welcomed the company's post-close announcement on May 20 upgrading its consolidated net profit guidance for the fiscal year ending March 2027 to 33 billion yen from 27 billion yen, representing a 3.6-fold surge year-on-year. The revision was driven by the May sale of 400,000 shares of Synaptics Inc. held as investment securities, which booked an extraordinary gain of approximately 48 billion yen. MegaChips had previously estimated the gain at 37 billion yen, prompting the upward revision.

Meanwhile, MegaChips maintained its previous full-year forecasts, projecting sales of 42 billion yen (up 16.1% year-on-year) and an operating profit of 2.5 billion yen, compared to a 174 million yen loss the previous year.

Source: MINKABU PRESS

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

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