OSG revised its earnings outlook for the fiscal year ending November 2026 upward, raising operating profit to ¥36 billion. In the cumulative third quarter, demand in key markets remained generally firm, and sales and profit stayed above plan, driven by increased export sales and improved operating rates.
OSG revised its earnings forecast for the fiscal year ending November 2026, with the operating profit forecast revised upward from ¥30 billion to ¥36 billion. During the cumulative third-quarter period, demand remained firm in the aerospace and defense, electronic components and semiconductor manufacturing equipment, data center, energy-related and medical sectors. OSG said that increased export sales from Japan and higher operating rates at group companies also contributed. It expects the firm demand environment to continue into the fourth quarter.
With the peak of ¥748 reached on 8 September serving as the high, Watts remains in an uptrend, with the 13-week moving average acting as support. The September high is within reach, and it has been suggested that, if this level is exceeded, the September 2024 high of ¥859 could become the next target.