Star seeds expands gains on upward revision of H1 earnings forecast driven by grid-scale battery business exceeding expectations
Star seeds Co.,Ltd. <3083> shares extended gains. The company announced at around 1:00 p.m. an upward revision to its consolidated earnings forecast for the six-month period ending August, lifting sales to 8.6 billion yen from 6 billion yen, an increase of 3.4-fold from the year-earlier period. Operating profit was raised to 280 million yen from 250 million yen, compared with a loss of 217 million yen a year earlier, while net profit was upgraded to 150 million yen from 130 million yen, against a 241 million yen loss in the prior-year period, triggering buying momentum.
The upgrade was driven by the grid-scale battery business outperforming expectations based on recent order and sales trends, alongside its GPU server business securing hardware and related orders significantly ahead of schedule.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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