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TIS Inc. rebounds as major domestic securities firm raises target price to 5,300 yen on expanding modernization project orders
TIS Inc <3626> rebounded. Nomura Securities raised its price target on the stock from 4,850 yen to 5,300 yen on the 20th. The brokerage maintained its "Buy" rating, the highest on its three-tier scale. For the fiscal year ending March 2027, Nomura forecasts consolidated operating profit of 81.5 billion yen, up 7% year-on-year (company guidance: 81 billion yen). The firm expects revenue growth from modernization and payment-related businesses, as well as profit gains from eliminating unprofitable projects. In the fourth quarter of the previous fiscal year, TIS secured a modernization project for INTEC customers, with synergies beginning to materialize. Nomura believes TIS has higher medium-term profit growth potential than industry peers.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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