Bike O changed its operating profit forecast for the fiscal year ending November 2026 from ¥710 million to ¥860 million. Tokyo Electron has rebounded from its September low and is approaching the 75-day moving average, supported by the 200-day moving average.
Bike O revised its forecast for the fiscal year ending November 2026, changing operating profit from ¥710 million to ¥860 million. No significant change in the business environment was seen as of the third quarter, while auction market prices reportedly remained firm and the company made progress in sourcing high-quality vehicles. The full-year forecast remains unchanged.
Tokyo Electron is seen as having bottomed at ¥9,800 in the stock price around 15 September, after which the 200-day moving average has served as support. The stock is currently approaching the 75-day moving average, at approximately ¥12,371, and the outlook suggests that the July high of ¥16,252 could come into view if the 75-day moving average is reached.