Terra Drone, KOA and Medipal rose sharply after a Japan-US expert meeting reportedly recommended that Japan become a drone production base for the Indo-Pacific, while KOA announced an upward revision to its full-year earnings forecast and an increase in its dividend, and Medipal announced a share buyback.
Terra Drone rebounded after 3 sessions, with buying in some drone-related stocks strengthening after the electronic edition of The Nikkei reported that US Ambassador to Japan Glass had advocated making Japan a drone production base for the Indo-Pacific region at a Japan-US expert meeting.
In an announcement last Friday, KOA revised its consolidated forecast for the fiscal year ending March 2027 upward, raising revenue from ¥87.3 billion to ¥91.5 billion and operating profit from ¥5.36 billion to ¥8.31 billion. Its dividend forecast was also raised from ¥63 to ¥78, which was viewed as a positive catalyst.
Medipal Holdings rose for the 5th consecutive session and renewed its year-to-date high. The stock was supported by the company’s upward revision of net profit from ¥43.0 billion to ¥53.0 billion and its announcement of plans to conduct a share buyback.
Other stocks drawing attention included Mitsui Ocean Development, Toyo Engineering and rare-earth-related stocks, while oil-related stocks attracted buying amid higher crude oil prices.