Techno Smart revised its earnings forecast upward after the market closed on the 22nd. Its operating profit forecast for April-September was revised from ¥670 million to ¥1.1 billion, helped by earlier-than-planned progress in the first half. The full-year operating profit forecast remained unchanged at ¥2.0 billion.
Techno Smart has seen buying momentum strengthen after the earnings forecast revision announced on the 22nd drew attention to the stock. The details of the upward revision have attracted market interest.
The company raised its operating profit forecast for April-September from ¥670 million to ¥1.1 billion. This represents an expected 53.9% decline in profit from the same period a year earlier.
The revision reflects the earlier-than-planned progress of certain projects, which brought forward the timing of revenue recognition, as well as cost reductions from upgrades to production equipment and optimisation of the production plan. The full-year operating profit forecast remained unchanged at ¥2.0 billion.