北川精機 surged. The stock attracted buying as a strong-performing AI-related issue, rising to ¥2,841 in the afternoon and reaching an intraday high of ¥2,925.
北川精機 surged among individual stocks. The share price rose ¥195 from the previous day to ¥2,841, up 7.4%, and reached ¥2,925 intraday. With buying concentrated in AI- and semiconductor-related stocks, expectations for the company's strong performance were seen as a catalyst for the rise.
The company manufactures and sells vacuum presses for printed circuit boards and internal components for factory automation equipment. Its earnings outlook is reportedly improving against growing demand for high-layer-count, high-performance printed circuit board materials for AI servers.
Operating profit for the fiscal year ending June 2027 is expected to reach a record ¥1.2 billion, up 26.4% year on year. Operating profit for the first half (July-December 2026) came in at ¥680 million, up 34.4% year on year. Operating profit in the latest second quarter was ¥267 million, up 48.3% year on year, indicating solid performance.
Although the share price has been undergoing a correction from its July high, some observers say momentum for a recovery is emerging. 北川精機 is reportedly being affected by market sentiment toward AI- and semiconductor-related stocks.