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TOYO TANSO surges for fourth consecutive day as major domestic brokerage upgrades rating to '2'

Fri Jun 5, 2026 2:21 pm JST Catalyst

TOYO TANSO CO.,LTD. <5310> advanced for a fourth consecutive session on Friday, hitting a year-to-date high. On Thursday, Daiwa Securities upgraded its investment rating on Toyo Tanso to "2 (Outperform)" from "3 (Neutral)," the middle of its five-tier scale. The price target was raised to 8,600 yen from 5,500 yen. The brokerage expects earnings to enter a recovery phase driven by rebounding orders. While Daiwa maintained its consolidated operating income forecast for the fiscal year ending December 2026 at 7 billion yen?compared to the company's forecast of 6.2 billion yen?it raised its fiscal 2027 forecast to 9 billion yen from 8.2 billion yen, citing a recovery in semiconductor demand. The brokerage noted signs of improvement in electronics-related orders, including silicon products, driven by AI demand, and expects earnings recovery to become increasingly evident in the fiscal year ending December 2027.

Source: MINKABU PRESS

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

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