KUNIMINE INDUSTRIES CO., LTD., Japan's largest bentonite producer, gained for the 4th straight session after announcing an upward revision to its earnings forecast after the close on the 16th. The full-year operating profit forecast was raised from ¥1.7 billion to ¥1.9 billion, which was viewed as a positive catalyst.
KUNIMINE INDUSTRIES CO., LTD. gained for the 4th consecutive session and revised up its earnings forecast for the fiscal year ending March 2027 after the close on the 16th. The stock closed at ¥1,400, up ¥34 from the previous day.
Under the new full-year forecast, consolidated operating profit was raised from ¥1.7 billion to ¥1.9 billion. The increase was attributed to orders in the Agri Business running above plan.
The company also explained that bentonite shipments for the disposal of low-level radioactive waste had been delayed, affecting results.