IDEC raises its full-year consolidated earnings forecast. Revenue is expected to reach ¥85 billion, operating profit ¥9.4 billion and ordinary profit ¥8.95 billion. The share price briefly surged to ¥4,170.
The company announced revisions to its consolidated earnings forecast for the fiscal year ending March 2027, projecting revenue of ¥85 billion, operating profit of ¥9.4 billion and ordinary profit of ¥8.95 billion. The operating profit forecast has been raised by ¥2.2 billion from the previous forecast of ¥7.2 billion.
Demand for capital investment is expanding, particularly in the AI and digital-related fields, and demand for semiconductors, robots and machine tools is expected to remain firm, mainly in Japan and China, the company said. Earnings are also expected to exceed the previous forecast due to the effect of higher revenue, and sales forecasts for the HMI business and the safety and explosion-proof business have been raised.
There is no change to the dividend forecast. Interim and year-end dividends are each expected to be ¥65, for an annual dividend of ¥130. The share price updated its all-time high since listing and closed at ¥4,060.
Provided as related news: According to reporting by Wealth Advisor, the share price ended at ¥4,060, up ¥240 from the previous day.