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KANAMOTO shares rise near all-time high on upward earnings revision
Shares of KANAMOTO CO.,LTD. <9678> extended their upward momentum on Tuesday, trading near all-time highs. The rally follows the company's announcement after the close on Monday, June 1, of an upward revision to its consolidated operating profit forecast for the fiscal year ending October 2026, raising the target to 20.4 billion yen (up 17.5% year-on-year) from 18.7 billion yen. The upgrade, which further boosts Kanamoto's previous record-high profit projection, triggered strong buyer interest.
The upward revision reflects robust first-half results that beat initial targets, driven by enhanced asset utilization efficiency, optimized rental unit prices, and structural cost reductions. KANAMOTO left its full-year revenue forecast unchanged.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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