Morning Comments No. 5: ラサ工, 横河電, バルカー, Nitori Holdings Co.,Ltd., ファナック, キヤノンＭＪ (Traders Web)

ラサ工業 announced that it had raised its consolidated full-year operating profit forecast for the fiscal year ending March 2027 from the previous ¥6.20 billion to ¥7.40 billion, and its year-end dividend forecast from ¥18 to ¥25. The semiconductor market is expected to remain firm, and sales of electronic materials, including high-purity phosphoric acid, are expected to continue performing well.

横河電機 raised its consolidated full-year operating profit forecast for the fiscal year ending March 2027 from the previous ¥85.00 billion to ¥88.00 billion. However, the market consensus is ¥92.03 billion, and some analysts believe the company will fall short of consensus despite the upward revision. The order intake forecast was raised from ¥645.0 billion to ¥665.0 billion.

バルカー raised its consolidated full-year operating profit forecast for the fiscal year ending March 2027 from the previous ¥11.00 billion to ¥12.50 billion. The revision reflects first-half results that exceeded expectations and the outlook for future demand. First-half operating profit rose 89.1% year on year to ¥6.02 billion.

Nitori Holdings Co.,Ltd. announced that October domestic same-store sales fell 2.4% from the same month of the previous year. Same-store customer numbers rose 1.6%, average spending per customer fell 3.9%, and total-store sales declined 0.2%. Seasonal products were affected by weather conditions, while some products performed well due to the impact of television commercials and monthly sales promotions.

It was reported that 大和証券 had lowered its target price for ファナック to ¥6,500 in its investment rating. While the firm cited the development of a new FA business model using AI and the lead in orders in the robotics business as positives, it also identified challenges including declining margins resulting from the company's past capital investment and increases in headcount.