モリテックスチール surged on 28 September, reaching ¥295, up ¥32 from the previous day, its highest level in 2 years and 7 months. After the market close on the 25th, it announced an upward revision to its earnings forecast for the fiscal year ending March 2027.
モリテックスチール was bought aggressively, rising to ¥295 and renewing its highest level in 2 years and 7 months compared with the previous trading day.
The upward revision to its earnings forecast for the fiscal year ending March 2027, announced the same day, was reported as a factor behind the share price increase.
Although the article did not give details of the specific amount or timing of the sale, it indicated that the sale of cross-shareholdings was viewed as having affected the earnings outlook.