明星工業 plunges on cut to April-September earnings forecast

The story

明星工業, which undertakes thermal insulation work, LNG-related projects and environmental construction, is reported to have cut its earnings forecast for the April-September period. The shares fell sharply in response. They were reported to be trading ¥41 below the previous day’s level as of 1:37 p.m.

The shares are currently trading at around ¥1,679, with the prospect of a forecast cut apparently prompting investors to sell.

At a glance

Company明星工業

Share priceAround ¥1,679 as of 1:37 p.m.

MovementDown ¥41 from the previous day (2.4%)

PeriodCut to the earnings forecast for the April-September period

Business AreasThermal insulation work, LNG-related projects and environmental construction

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