NIPPON GEAR CO.,LTD.'s share price changed from ¥1,366 to ¥1,408 between 12 and 17 August, an increase of approximately 3.1%. On 18 August, it pulled back by ¥33 to ¥1,375, leaving the stock in a period of somewhat volatile trading over the past 5 business days. In its first-quarter results, net sales fell 0.4% year on year to approximately ¥2.06 billion, while operating profit rose sharply to approximately ¥496 million. The order backlog increased 31.5% from the end of the previous fiscal year. On 6 August, expectations for next-generation reactors known as SMRs were reported, and the nuclear power theme has continued to provide intermittent catalysts for the market. The full-year forecasts remain unchanged at approximately ¥10 billion in net sales and ¥2.5 billion in operating profit.
Between 12 and 17 August, NIPPON GEAR CO.,LTD.'s share price changed from ¥1,366 to ¥1,408, while trading volume expanded by approximately 68% from the previous day to 124,800 shares on 13 August. The stock has recently moved to higher levels amid wider price swings, but on 18 August it pulled back by ¥33 from the previous day to ¥1,375.
In the first-quarter results for the new fiscal year, net sales fell 0.4% year on year to approximately ¥2.06 billion, while operating profit increased sharply year on year to approximately ¥496 million, reflecting lower selling, general and administrative expenses. The order backlog rose 31.5% from the end of the previous fiscal year.
An article expressing expectations for next-generation nuclear reactors known as SMRs was published on 6 August. Nuclear power-related thematic catalysts have since been added to the recent market activity, with individual catalysts emerging intermittently.
The full-year earnings outlook remains unchanged at approximately ¥10 billion in net sales and ¥2.5 billion in operating profit. While the first-quarter increase in profit and accumulation of orders are encouraging, the company has not revised its forecasts.