MinebeaMitsumi rebounded for the first time in 4 days and raised its forecast for April–September operating profit to approximately 30% above the year-earlier period.
MinebeaMitsumi, a leading bearing manufacturer and major comprehensive electronic components maker, is rebounding for the first time in 4 days. After the close of trading last Friday, it announced an upward revision to its earnings forecast, indicating that operating profit for April–September was expected to rise approximately 30% from the same period a year earlier. The full-year outlook was reportedly raised as a result.
The company is a comprehensive electronic components manufacturer involved in components for automobiles and home appliances, and its performance is said to be affected by trends in semiconductor-related demand and raw material prices. Market attention is focused on the background to the upward revision and future demand trends.
The announcement is attracting market attention and may affect investors' outlook. At the same time, the market is awaiting the subsequent performance trend and additional disclosures, and developments may change depending on further information released.