Joshin rises for fifth consecutive day as growth expectations attract buyers

Joshin Corporation <8173> shares rose for a fifth consecutive session on Monday, pushing into year-to-date high territory. The company is a major home appliance retailer based in the Kansai region. Its financial results for the fiscal year ended March 2026, announced early last month, showed operating profit surged 47.00% year-on-year to 5.42 billion yen. In addition to increased air conditioner sales driven by intense summer heat, growth in mobile phones, personal computers, and video games contributed to the robust results. For the fiscal year ending March 2027, the company projects continued growth, with operating profit expected to rise 10.70% year-on-year to 6.00 billion yen.

A medium-term management plan running through the fiscal year ending March 2029 is currently underway, targeting an operating profit of 10.00 billion yen for the final year. While streamlining operations by closing unprofitable stores, the firm is working on initiatives including strengthening private brands and integrating physical stores with online channels. Through these measures, Joshin Corporation aims to enhance corporate value and achieve a price-to-book ratio (PBR) of 1.00 or higher at an early stage. Rising growth expectations are drawing buying interest in recent trading.

Source: MINKABU PRESS

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