Mitsui High-tec hits limit-up bid, swings to operating profit growth forecast for FY January 2027
Mitsui High-tec <6966> is indicated buy-only at its daily limit-up of 958 yen, up 150 yen, following the company's announcement after the market close on Friday, June 12, that it has upgraded its full-year earnings forecast for the fiscal year ending January 2027, alongside its first-quarter financial results. The company raised its net sales forecast to 254.00 billion yen from 233.00 billion yen (up 16.3% year-on-year) and its operating profit forecast to 14.50 billion yen from 11.00 billion yen (up 14.6% year-on-year). Both operating and ordinary profits, previously projected to decline, are now expected to grow, triggering a wave of buying as investors cheered the improved business outlook.
The upgrade comes as first-half sales of motor cores and lead frames outperform initial projections. For the February?April quarter, net sales rose 13.2% year-on-year to 61.89 billion yen, while operating profit jumped 27.8% to 4.43 billion yen.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
Related Articles
-
FUNDINNO shares plunge to year-to-date low after company reverses to operating loss in revised FY10/2026 guidance
Mon Jun 15, 2026 10:25 am JST Catalyst -
WASHINGTON HOTEL shares surge on speculation over APA Holdings stake increase
Mon Jun 15, 2026 10:21 am JST Catalyst -
OHARA surges as company revises fiscal 2026 guidance upward, swinging to operating profit growth
Mon Jun 15, 2026 10:12 am JST Catalyst -
Tokyo Prime market breadth at 10 a.m.: 1,403 gainers vs. 125 decliners
Mon Jun 15, 2026 10:04 am JST Market -
Mitsubishi Materials Corporation extends gains on plan to exit brass rod and eco-brass forged products business
Mon Jun 15, 2026 9:14 am JST Catalyst -
FEASY shares extend winning streak to five days after upward revision to FY2026 earnings and dividend forecasts
Mon Jun 15, 2026 9:20 am JST Catalyst -
CKD Corporation eyes record profit on semiconductor-related demand growth
Mon Jun 15, 2026 10:00 am JST Catalyst -
Murata Manufacturing surges over 15% on MLCC demand hopes amid risk-on sentiment
Mon Jun 15, 2026 9:52 am JST Catalyst -
Ridge-i Inc. hits temporary limit-up after raising fiscal year July 2026 earnings forecast on large-scale orders from major existing clients
Mon Jun 15, 2026 9:57 am JST Catalyst -
Pole To Win Holdings surges as Q1 operating profit swings to black on restructuring benefits
Mon Jun 15, 2026 9:41 am JST Catalyst