DyDo Group Holdings’ shares surged after the company announced an upward revision to its earnings forecast on the 27th. The shares held at a high level at the close, supported by strong sales at its Turkish subsidiary.
The company announced that it had raised its consolidated operating profit forecast for the fiscal year ending January 2027 to ¥12.3 billion, sending its share price up ¥540 from the previous day to ¥3,550. The announcement was consequently viewed as a positive catalyst.
The upward revision incorporates strong sales at the Turkish subsidiary and a recovery in the domestic beverage business. Operating profit for the cumulative second quarter rose 4.9-fold year on year to ¥68.44 million.
The shares were trading at ¥3,090 at the close on the 28th, up ¥80 from the previous day. The market may be continuing to trade on the positive reception.