大日精化工業 announced upward revisions to its earnings forecasts on the 6th, sending its share price sharply higher and to a new year-to-date high. The revisions raised its second-quarter revenue and profit forecasts as well as its full-year outlook.
大日精化工業 surged, rising ¥161 to ¥1,328 during trading on the 6th and extending its run of year-to-date highs for a second consecutive day. The upward revision to its consolidated earnings forecasts for the fiscal year ending March 2027, announced at 2:30 p.m., was viewed as a catalyst.
The second-quarter forecasts were raised from ¥62.8 billion to ¥68.0 billion for revenue and from ¥3.9 billion to ¥7.0 billion for operating profit. Although raw-material costs had risen and some orders had been brought forward, the company said business was generally progressing steadily.
The full-year forecasts were raised from ¥126.6 billion to ¥131.8 billion for revenue, up 6.0% year on year, and from ¥8.4 billion to ¥11.5 billion for operating profit, an increase of more than 50%. The second-half forecasts were left unchanged, incorporating the upward revision to the cumulative second-quarter forecasts.
First-quarter results were revenue of ¥34.584 billion and operating profit of ¥3.242 billion.