Teijin raised its business profit forecast for the fiscal year ending March 2027 from ¥30 billion to ¥40 billion, citing the effects of structural reform and strong performance in electronics-related operations. The closing price on the 5th was ¥1,873, up ¥268 from the previous day in a sharp rise.
Teijin raised its full-year business profit forecast for the fiscal year ending March 2027 from ¥30 billion to ¥40 billion. The upward revision reflected the effects of structural reform as well as strong performance in the electronics-related business.
In the Electronics & Energy business, sales of resins, battery materials and membranes increased. Cumulative revenue for the second quarter was ¥439.56 billion, down 2.5% year on year, while business profit was ¥30.83 billion, 2.4 times the year-earlier level.
The closing price on the 5th was ¥1,873, up ¥268 from the previous day, with the stock rising sharply toward the afternoon session.
Source: Wealth Advisor