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ASAHI KASEI CORPORATION rises for third consecutive day as major domestic brokerage raises target price to 2,300 yen

Mon May 25, 2026 2:16 pm JST Catalyst

ASAHI KASEI CORPORATION <3407> shares extended gains for a third straight day. SMBC Nikko Securities raised its price target for the stock to 2,300 yen from 2,100 yen on Friday, maintaining its top-tier "1" rating. The firm noted that the company's fourth-quarter earnings for the fiscal year ended March 2026 left a positive impression, highlighted by large-scale structural reforms in petrochemicals and stronger-than-expected electronics profit driven by AI demand. The brokerage also believes the acquisition of German biopharmaceutical company Aicuris has enhanced growth prospects for its pharmaceuticals business. SMBC Nikko forecasts Asahi Kasei will post a third consecutive year of record operating profit in the fiscal year ending March 2027, welcoming its focus on developing next-generation growth drivers in AI and pharmaceuticals while executing structural reforms.

Source: MINKABU PRESS

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

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