Fuso Chemical's share price fell sharply in October, while volume also surged in recent trading. The earnings summary showed growth in revenue and profit, while the full-year forecast remained unchanged.
Recent price movements showed declines of approximately -6.91% and -5.21% from the previous day on 15 October and 20 October, respectively. The stock fell from the 14 October closing price of ¥3,400 to approximately ¥3,000 recently. Volume on 15 October increased approximately 59% from the previous day, indicating volatile trading accompanied by position adjustments after the rise.
Regarding earnings, revenue for the first quarter of the fiscal year ending March 2027 was ¥22.8 billion and operating profit was ¥6.2 billion. Growth in the electronic materials business, supported by AI-related demand, was the main earnings driver. Quarterly net profit was ¥6.7 billion, up 115.4% year on year, including ¥3.7 billion in government subsidy income recorded as extraordinary profit.
The full-year forecast for the fiscal year ending March 2027 was left unchanged at revenue of ¥85.8 billion and operating profit of ¥24.3 billion. The recent trend of higher revenue and profit is expected to continue, but no upward revision from the most recently announced figures has been confirmed.
In terms of technical indicators, the stock was highlighted on 13 October as one with a parabolic signal reversal and on 16 October as one that had broken above the Ichimoku cloud, but its share price subsequently fell sharply again.