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Katakura Industries surges in afternoon trading after raising fiscal 2026 net profit forecast on gain from Hulic share sale
Katakura Industries Co., Ltd. <3001> surged in afternoon trading. Around 12:30 p.m., the company raised its fiscal 2026 consolidated net profit forecast to 7.25 billion yen from 5.2 billion yen (up 25.8% year-on-year), drawing buying interest.
After the close of trading on May 21, Katakura announced it would participate as a selling shareholder in a secondary offering by Hulic Co., Ltd. <3003>, selling 1.853 million shares. Following the determination of the offering price, the company expects to record a 2.971 billion yen gain on the sale of investment securities as extraordinary income. Katakura maintained its previous forecasts for sales of 41.1 billion yen (up 1.1% year-on-year) and operating profit of 5.5 billion yen (down 6.1% year-on-year).
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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