Graphite Design significantly raised its earnings forecasts for the current fiscal year, prompting buying in its shares after the announcement and sending the closing price ¥100 higher from the previous day to ¥777.
After trading ended on the 1st, Graphite Design raised its earnings forecasts for the cumulative second quarter and full fiscal year ending February 2027. The shares drew buying in response, closing at ¥777, up ¥100 from the previous day.
Cumulative second-quarter revenue was raised from the previous forecast of ¥1.42 billion to ¥1.88 billion. Operating profit was increased from ¥110 million to ¥380 million, ordinary profit from ¥110 million to ¥420 million, and net income from ¥65 million to ¥290 million.
The full-year operating profit forecast was also raised from ¥310 million to ¥530 million, which would represent a 3.4-fold increase from the previous fiscal year. The company said stronger demand in the US market for its new Tour AD shaft and the yen's depreciation against foreign currencies contributed to improvements in revenue and profit margins.
The company cited strong popularity for the new shaft in the US market and orders from overseas club manufacturers that exceeded expectations as factors behind the revision.
The shares closed at ¥777, up ¥100 from the previous day.