OKUMA CORPORATION, a major machine-tool manufacturer, rose for a third consecutive day, reaching ¥5,590 at one point and updating its all-time high. After the market close on the 5th, it announced an upward revision to its consolidated earnings forecast for the fiscal year ending March 2027 and an increase in its dividend forecast.
Shares of major machine-tool manufacturer OKUMA CORPORATION rose for a third consecutive day, at one point moving above the ¥5,350 level before climbing to ¥5,590 toward the end of the session and updating their all-time high. Gains through the morning session continued, taking the share price above the previous all-time high of ¥5,412.5 reached in July 2007.
Shares were buoyed by the upward revision to the consolidated earnings forecast for the fiscal year ending March 2027 and the increase in the dividend forecast announced after the market close on the 5th.
According to the article, the market reacted to the review of this fiscal year's earnings outlook and dividend policy. Following the upward revision to its earnings forecast, OKUMA CORPORATION plans to increase its dividend as well.