DAIICHI KIGENSO KAGAKU-KOGYO CO.,LTD <4082> draws strong investor interest after raising FY03/26 earnings forecast with net profit up 3.2-fold

DAIICHI KIGENSO KAGAKU-KOGYO CO.,LTD <4082> drew strong investor interest, opening with a surge indication and rebounding sharply for the first time in four days. The company is a major manufacturer of zirconium compounds for electronic materials, with strengths in automotive exhaust gas purification catalysts and fuel cells, and previously gained attention for successfully developing ceramic materials that do not use rare earths. Recent business performance has been strong, with solid group sales and foreign exchange gains exceeding the company's initial assumptions. Against this backdrop, the company announced a revision to its FY03/26 earnings forecast after trading closed on the 23rd. Sales were raised from the previous forecast of 35.3 billion yen to 35.75 billion yen (up 6% year-on-year), and net profit was increased from 1.7 billion yen to 2.5 billion yen (up 3.2-fold year-on-year). Investment funds flowed in, viewing this positively, pushing up the share price.

Source: MINKABU PRESS

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