Moriya Transportation Engineering and Manufacturing surges for first time in four sessions after upgrade to outperform
Moriya Transportation Engineering and Manufacturing Co.,Ltd. <6226> shares rebounded for the first time in four sessions after Tokai Tokyo Intelligence Laboratory upgraded the stock to "Outperform" from "Neutral" on the 10th. The brokerage also raised its target price to 2,900 yen from 2,750 yen.
Moriya Transportation Engineering is a leading freight elevator manufacturer. While elevator orders fell last year on softening demand from logistics centers, the research firm noted a sustained decline is unlikely, citing increased data center construction and higher unit prices driven by larger, higher-specification elevators.
For the year ending March 2027, the company projects a standalone operating profit of 6.25 billion yen, up 2.9% year-on-year, but Tokai Tokyo forecasts 6.64 billion yen. The firm also expects growth in Moriya's installed base to drive maintenance contracts and repair cases stemming from proactive maintenance proposals.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
Related Articles
-
Nikkei 225 close on the 11th = rebound, 38 yen higher to 64,217 yen
Thu Jun 11, 2026 3:32 pm JST Market -
Stocks on the move (closing): FUSO CHEMICAL CO.,LTD., NEXYZ.Group Corporation, Pan Pacific International Holdings Corporation, and others
Thu Jun 11, 2026 3:35 pm JST Catalyst -
Tokyo forex summary: Dollar trades around 160.50 yen, upside remains capped
Thu Jun 11, 2026 3:29 pm JST Currency -
FORLIFE shares surge in late afternoon trading on 10th anniversary shareholder benefit announcement
Thu Jun 11, 2026 3:17 pm JST Catalyst -
AppBank extends gains in late afternoon trading after announcing collaboration with ZAIKO
Thu Jun 11, 2026 3:21 pm JST Catalyst -
Advancing and declining issues on Tokyo Stock Exchange Prime Market as of 3:00 p.m.
Thu Jun 11, 2026 3:03 pm JST Market -
coconala Inc. shares surge on launch of app enabling ChatGPT integration
Thu Jun 11, 2026 2:19 pm JST Catalyst -
jig.jp tops 'rising bearish forecasts' ranking on Minkabu individual investor poll
Thu Jun 11, 2026 2:23 pm JST Catalyst -
Maruchiyo Yamaokaya extends gains as May same-store sales rise for 50th consecutive month
Thu Jun 11, 2026 1:58 pm JST Catalyst -
Tokyo Prime market breadth at 2 p.m.: 438 gainers vs. 1,080 decliners
Thu Jun 11, 2026 2:04 pm JST Market