Buying flooded into Axell from the morning, leaving it at the limit-up bid indication. The sharp upward revision to its full-year earnings forecast announced the previous day is being viewed positively by the market.
Buying flooded into Axell <6730> from the morning, and the stock reached the limit-up bid indication shortly after trading began. Market participants are reported to be showing increased buying interest in the shares, giving the stock renewed momentum.
The company sharply revised upward its full-year earnings forecast for the fiscal year ending March 2027 the previous day. Revenue was raised to ¥20.4 billion from the previous forecast of ¥15 billion, while operating profit was raised to ¥2.29 billion from ¥1.2 billion.
The upward revision is viewed as reflecting strong performance in LSIs for pachinko and pachislot machines, as well as the contribution from appropriate pricing, which has heightened the market's assessment of the company.