IDEC raised its earnings forecast for the current fiscal year, sending its shares sharply higher for a second straight session. The operating profit forecast was raised from ¥7.2 billion to ¥9.4 billion, with profit expected to increase approximately 53.6% year on year.
IDEC shares have risen sharply for a second straight session after the company announced an upward revision to its earnings forecast for the fiscal year ending March 2027 last weekend. The new operating profit forecast was raised from ¥7.2 billion to ¥9.4 billion, indicating an expected 53.6% increase in profit year on year.
Revenue is expected to exceed assumptions, as demand related to semiconductors, robots and machine tools remains firm, particularly in Japan and China. The strong profit growth reported for the first quarter also appears to have supported expectations for an upside surprise.
Reports indicate that the market's initial reaction to the upward revision has been straightforwardly positive.