Ferrotec Corporation shares surge on upward earnings revision expectations following Q&A disclosure

Shares of Ferrotec Corporation <6890> reversed earlier losses to surge sharply on Thursday. Before the opening bell, the company disclosed details of a Q&A session from its analyst and institutional investor earnings briefing held at 4:00 p.m. on Wednesday. Regarding its financial outlook for the fiscal year ending December 2026, Ferrotec stated that the initial numbers represented optimistic target figures from the sales division, adding that it aims to pursue net sales of 400 billion yen, with operating income potentially reaching around 50 billion yen. The official earnings forecast announced on May 15 projected net sales of 350 billion yen and operating income of 38 billion yen. The Q&A remarks fueled market expectations for upward earnings revisions, drawing heavy buying interest.

During the briefing, Ferrotec also revealed it is expanding its monthly production capacity for thermoelectric modules used in optical communication transceivers from 4 million units to 6 million units, with intentions to scale production up to 9 million units per month by the end of the year. The company expects to hold a completion ceremony for its Malaysia Kulim No. 2 plant in October and noted that while it is considering a Kulim No. 3 plant, it intends to lease the facility. Ferrotec stated it will announce any revisions to its earnings guidance in a timely and appropriate manner, with full details of the Q&A session to be disclosed at a later date.

Source: MINKABU PRESS

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