住石ホールディングス raised its earnings and dividend forecasts in October, sending the share price sharply higher to ¥638 immediately afterward. It has since traded in a narrow range in the low ¥600s.
On 9 October, the company announced revisions raising its full-year earnings forecast to net profit of ¥2.1 billion and its annual dividend forecast from ¥15 to ¥20. In response, the share price rose to ¥638 on 13 October, up 6.33% from the previous day, as the disclosure was reflected in the share price.
Over the latest 5 trading days, the share price rose from the 8 October close of ¥601 to the 14 October close of ¥636, before edging lower to ¥615 on 15 October and ¥611 on 16 October. Following the upward revision, the share price attempted to regain momentum but is currently trading in the low ¥600s.
On 13 October, several articles reported the individual catalyst that the ordinary profit and dividend forecasts for the fiscal year ending March 2027 had been raised. Trading volume rose sharply from the previous day to 574,800 shares, as multiple reports were released in succession and trading activity increased.