NaITO announced its first-half results the previous day, reporting operating profit of ¥820 million and significantly raising its full-year forecast to ¥1.25 billion. Price revisions and pull-forward demand are believed to have supported the solid performance.
NaITO announced its first-half results the previous day and disclosed a significant upward revision to its earnings forecast. According to the article, operating profit was ¥820 million, 4.0 times the level in the same period a year earlier.
The full-year earnings forecast was raised from the previous ¥400 million to ¥1.25 billion, and is expected to be approximately 3.1 times the previous fiscal year's result. The stock was observed to extend its gains sharply in response.
The core cutting-tool business has been affected by price revisions, and sales are reportedly remaining stronger than expected, helped by pull-forward demand.
Market participants are closely watching the earnings announcement and the scale of the revision, and whether additional information will emerge is expected to remain a focus.