レイ raised its forecast for the fiscal year ending February 2027, driven in part by the recording of large projects in the cumulative second quarter, but profit-taking sales dominated in the Tokyo market, sending the share price sharply lower.
After trading ended on the 8th, レイ announced that it had raised its consolidated forecast for the fiscal year ending February 2027 to ¥13.5 billion in revenue, ¥1.2 billion in operating profit and ¥950 million in net profit.
The company cited the recording of a large project in its advertising solutions business, the recording of a large equipment delivery project involving video equipment rentals in its technical solutions business, and steady progress in equipment rental projects for the entertainment sector as contributing factors.
While the share price had continued to trend higher recently, profit-taking sales dominated in today's Tokyo market.
The company operates two businesses: advertising solutions and technical solutions.