Amazia revised its earnings forecast for the fiscal year ending September 2026 upward, with net income now expected to turn from a loss to a profit, and resolved to transfer its shares in consolidated subsidiary WithLinks to Mecha Comic. As a result, it expects to recognize a gain on the sale of shares in an affiliated company and a reversal of the allowance for doubtful accounts as extraordinary gains. Advantest's share price fell temporarily, but over the longer term its 13-week moving average is providing support and the stock is showing signs of a rebound.
Amazia revised its earnings forecast for the current fiscal year, raising its net income outlook from a loss to a profit. Its board resolved to transfer all shares of consolidated subsidiary WithLinks to Mecha Comic and signed a share transfer agreement. In connection with the transaction, the company expects to recognize a ¥91 million gain on the sale of shares in an affiliated company and an ¥8 million reversal of the allowance for doubtful accounts as extraordinary gains in its financial results for the fiscal year ending September 2026.
Advantest's share price remained in a correction phase after peaking at ¥38,730, and at one point on the previous day fell as low as ¥32,610. However, the 25-day moving average is functioning as support, and the stock narrowed its decline after forming a long lower shadow. The price touched the Parabolic SAR, producing a bearish signal, but the weekly chart remains bullish, while the upward-sloping 13-week moving average is functioning as support and suggesting the potential for a rebound.