GRAPHITE DESIGN shares quoted at limit-up on upward revision to full-year guidance, driven by U.S. popularity of 2026 model

GRAPHITE DESIGN INC. <7847> shares were bid at their daily limit-up of 777 yen, up 100 yen from the previous session. The company manufactures and sells golf shafts. After the close on Oct. 1, it announced an upward revision to its standalone earnings forecast for the fiscal year ending February 2027. The company raised its net sales forecast from 2.89 billion yen to 3.32 billion yen (up 22.5% year-on-year), operating profit from 307 million yen to 525 million yen (3.4 times the prior-year level), and net profit from 208 million yen to 334 million yen (2.3 times the prior-year level), prompting buying interest.

For the March-August second-quarter cumulative period, net sales came in at 1.877 billion yen (up 43.0% year-on-year), beating the previous forecast of 1.421 billion yen. Operating profit exceeded the prior estimate of 107 million yen to reach 381 million yen (10 times the prior-year level), while net profit surpassed the earlier projection of 65 million yen to hit 294 million yen (17 times the prior-year level). Strong popularity of the TOUR AD 2026 model FI in the U.S. market supported robust orders from foreign club manufacturers, driving sales volume of its own-brand shafts beyond initial expectations. In addition, foreign exchange fluctuations contributed positively.

Regarding its full-year earnings forecast, GRAPHITE DESIGN noted that many uncertainties remain, including escalating Middle East tensions and currency movements, making it difficult to project further sales growth in domestic and overseas markets.

Source: MINKABU PRESS

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