Moritech Steel gapped up and broke out, extending its winning streak to 4 sessions. Following the earnings revision announced after the previous weekend’s close, it raised its forecast for the fiscal year ending March 2027 on gains from the sale of securities. The expected gain on sale is approximately ¥747 million, and the stock has set a new year-to-date high.
Moritech Steel revised upward its consolidated earnings forecast for the fiscal year ending March 2027 after the previous day’s close, and its share price extended its winning streak to 4 sessions, setting a new year-to-date high.
The forecast for net profit was raised from ¥500 million to ¥1.01 billion. The sales forecast was left unchanged at ¥49 billion, as was the operating profit forecast at ¥600 million. Gains on the sale of investment securities are expected to total approximately ¥747 million.
As part of a review of cross-shareholdings, the company plans to sell 3 listed securities from the 28th onward.