Kyushu Electric Power Company,Incorporated closed at ¥1,963.5 on 21 August, up from the previous day. Reports on 18 August said that Mizuho and others had raised their target prices. The latest results were strong, while the full-year outlook continues to call for lower earnings.
Kyushu Electric Power Company,Incorporated's share price rose from ¥1,872.5 at the 14 August close to ¥1,963.5 at the 21 August close. Over the latest 5 trading days, the stock rose amid higher trading volume and a wider price range. On 18 August, market-related news emerged that supported the share price advance.
A major Japanese brokerage maintained its bullish stance and raised its target price to ¥2,200 on 17 August. On 18 August, Mizuho Securities was also reported to have raised its target price. Multiple valuation revisions came in quick succession, providing intermittent support for the upward trend.
According to the financial results, Kyushu Electric Power Company,Incorporated reported revenue of ¥532.7 billion, operating profit of ¥83.4 billion and net income of ¥61.1 billion for the first quarter of the fiscal year ending March 2027. These figures represented year-on-year increases of 6.9%, 34.9% and 30.7%, respectively, marking a strong start to the year. Meanwhile, the full-year forecast remains unchanged, calling for higher revenue but declines of 6.6% in operating profit and 15.9% in net income.