JTEKT rises to 5th place in 'rising buy forecasts' ranking on Minkabu
As of noon on the 3rd, JTEKT Corporation <6473> ranked fifth in the rising buy forecasts category of Minkabu's Retail Investor Forecasts (Latest 48 Hours).
JTEKT rebounded in Tokyo trading on the 3rd. Consolidated business profit for the first quarter (April-June) rose 62.1% year-on-year to 22.746 billion yen. Structural reforms and cost-cutting in Europe and the U.S. progressed smoothly, while domestic production of next-generation electric power steering (EPS) systems ramped up, boosting productivity. Full-year business profit forecast for the fiscal year ending March 2027 stands at 90 billion yen, though some analysts expect an upward guidance revision.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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