MinebeaMitsumi shares rose approximately 6% at one point, reaching ¥2,883 during the day. Consolidated net profit for the fiscal year ending March 2027 is expected to rise 1% year on year to ¥100 billion, and full-year profit was upwardly revised to a record high.
In morning trading, MinebeaMitsumi shares temporarily rose ¥168 from the previous weekend's close to ¥2,883, an increase of more than 6.18%. The shares remained firm in the afternoon.
The company announced the same day that consolidated net profit for the fiscal year ending March 2027 is expected to rise 1% year on year to ¥100 billion. This is widely viewed as leading to a new record profit for the current fiscal year.
The article does not identify specific factors behind the share-price move, but buying reportedly led the market following the upward revision.