HIOKI falls despite upward earnings revision and share buyback announcement amid broader market weakness

HIOKI E.E.CORPORATION <6866> shares traded lower on Monday. Following Friday's close, the company revised its consolidated earnings forecast for the fiscal year ending December 2026 upward, raising its net sales forecast from 43.00 billion yen to 47.70 billion yen (up 17.7% year-on-year), operating profit from 7.68 billion yen to 9.50 billion yen (up 39.9% year-on-year), and net profit from 6.00 billion yen to 7.54 billion yen (up 38.2% year-on-year). Additionally, HIOKI E.E.CORPORATION raised its dividend forecast from 200.00 yen per share (100.00 yen interim and 100.00 yen year-end) to 240.00 yen per share (120.00 yen interim and 120.00 yen year-end). Although the stock opened higher in the morning session in response to the announcement, it turned negative amid a broader market decline.

The upward revision was driven by continued strong demand for its measuring instruments amid favorable market conditions.

Concurrently, the company announced a share buyback program to repurchase up to 0.40 million shares (2.98% of issued shares excluding treasury stock) or 3.00 billion yen, running from June 15 to November 30, aimed at enhancing shareholder returns and enabling flexible capital policies in response to changes in the business environment.

Source: MINKABU PRESS

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