Tokyo Electron raised its earnings forecast for the second quarter of the current fiscal year. The 電算 segment cited the factors behind higher sales and improved profit.
Tokyo Electron remains in an adjustment trend, with its upside capped by the 25-day moving average, while the 200-day moving average is functioning as support. Although the stock has continued to test the 200-day moving average recently, it has formed bullish candlesticks for several consecutive days, suggesting strong buying interest among investors waiting for a pullback. The Bollinger Bands are beginning to move out of the range between -3σ and -2σ and are approaching -1σ.
電算 raised its second-quarter earnings forecast, increasing operating profit from ¥311 million to ¥820 million. The company expects the acquisition of new projects, the early recognition of projects originally scheduled for the second half, and reductions in outsourcing costs through in-house production to contribute to improvements in sales and profitability.
The revision is attributed to the effects of securing and bringing forward the recognition of projects related to amendments to laws and regulations in the public sector, as well as cost reductions through in-house production. Regarding future developments, the discussion will be abbreviated here pending further disclosure.