Sumitomo Bakelite: Afternoon-session decline narrows; full-year operating profit forecast revised upward; strong demand related to AI data centers [DZH Individual Stock Information] (Jiji Press)

The story

Sumitomo Bakelite’s decline was reported to have narrowed in the afternoon session, with its share price movements settling during the latter half of trading. The easing of selling pressure was reported in the market.

The company raised its full-year operating profit forecast. Strong demand related to AI data centers is said to be affecting its earnings outlook.

The strength of demand related to AI data centers has been cited as a factor behind the upward revision to the company’s earnings outlook.

At a glance

StockSumitomo Bakelite (4203)

TrendThe decline narrowed in the afternoon session

PerformanceRaised its full-year operating profit forecast

DemandStrong demand related to AI data centers

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