IDEC revised its operating profit forecast for the current fiscal year upward from the previous ¥7.2 billion to ¥9.4 billion and indicated that demand is expected to remain firm, particularly in Japan and China. The stock price is continuing to rise sharply, helped by strong first-quarter results.
IDEC revised its earnings forecast for the fiscal year ending March 2027 upward, raising its operating profit forecast from the previous ¥7.2 billion to ¥9.4 billion. Operating profit is expected to increase substantially year on year, with the strong first-quarter results said to be behind the upward revision.
The company expects demand for semiconductors, robots and machine tools, among other products, to remain firm, particularly in Japan and China, and revenue is reported to be likely to exceed its previous expectations. This has raised market expectations.
The stock price reacted strongly and has continued to rise sharply since the upward revision was announced late last week, according to reports. Market participants believe the increase in first-quarter profit is being viewed positively.
The article is based on materials provided by FISCO and also conveys the degree of surprise in the earnings results. Further information on future developments is being closely watched.