YOSHINOYA HOLDINGS CO.,LTD. announced interim results, a revision to its full-year forecast and a revision to its dividend forecast on 8 October. The share price rose sharply the following day, and the post-results move continued for several days.
YOSHINOYA HOLDINGS CO.,LTD. reported interim revenue of ¥121.5 billion, up 10.0% year on year, and net profit of ¥3.8 billion, up 44.1% year on year. It also indicated that the annual dividend was expected to be increased to ¥24.
On 10/9, following the earnings announcement, the share price rose ¥203 from the previous day to ¥3,950, while trading volume surged 159% from the previous day. The simultaneous release of the earnings-related information, the upward revision to the full-year outlook and the dividend increase is thought to have driven the move.
From a technical perspective, the share price broke above the Ichimoku cloud on the same day, and on 14 October the three-line bullish reversal appeared on the Ichimoku chart, along with a golden-cross pattern. The short-term share-price pattern improved.
On 15 October, the share price rose to a closing price of ¥4,141, while trading volume reached 771,000 shares, up 62% from the previous day. The market continued to digest the earnings-related information for several days.