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YAMAZAKI BAKING rebounds from bottom range with strong Q1 results and upcoming price hikes boosting profit expectations
YAMAZAKI BAKING <2212> surged from its recent lows, defying a broader market downturn. Despite hitting a year-to-date low on April 27, the stock opened with heavy buy orders and extended gains to climb nearly 200 yen, touching the 3,400 yen level.
The company announced its first-quarter results for the fiscal year ending December 2026 after the close on April 28, reporting a 5% year-on-year increase in sales to 333.6 billion yen and a 9% rise in operating profit to 18.3 billion yen. Separately, Yamazaki Baking announced price hikes for bread and confectionery products effective July 1, with an average increase of 5.6%. The move sparked optimism over future earnings contributions, fueling the stock's rally.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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