NaITO's share price rose for a sixth consecutive session and was bought following reports that it had raised its earnings forecast for the fiscal year ending February 2027. In afternoon trading, the share price rose to around ¥207, up approximately ¥21 from the previous day.
NaITO's share price rose for a sixth consecutive trading day, briefly reaching ¥207. In afternoon trading, it was ¥21 higher than the previous day, reaching a new year-to-date high.
The company is a long-established machinery and tool wholesaler affiliated with Okaya & Co., and reports said it had raised its earnings forecast for the current fiscal year ending February 2027.
The market reaction was reported to indicate that the recent upward revision to the earnings forecast was prompting further buying in the stock.