UEX’s upward revision of its earnings forecast for the fiscal year ending March 2027 to ¥2.9–3.4 billion sent its share price up sharply to an intraday high of ¥1,477. Price pass-through in the steel market and a recovery in semiconductor-related demand were cited as the key factors.
In afternoon trading, UEX, a steel trading company, reached the intraday high after raising its full-year forecast. The new forecast is ¥2.9–3.4 billion, with the announcement made at 2 p.m.
Progress in passing through higher prices, driven by substantial price increases from steelmakers and tight inventory conditions, was cited as a factor supporting profit growth. Persistently high nickel prices and rising raw material costs provided the backdrop, while a recovery in semiconductor-related demand also contributed.
Starting with UEX, 20 stocks spanning steel and specialty-steel manufacturers through trading companies handling materials and components were identified as stocks to watch. Through the upcoming earnings season, the focus is expected to be on the sustainability of the benefits from price pass-through. The article points to the possibility that the market response to the upward revision could spread to other stocks.