IDEC raised its earnings forecast for the current period and rose sharply for a second straight session. Its operating profit forecast was raised from ¥7.2 billion to ¥9.4 billion, with demand expected to remain firm by region, particularly in Japan and China.
IDEC rose sharply for a second straight session. The stock has attracted investor interest following the upward revision to its earnings forecast for the fiscal year ending March 2027, announced at the end of last week.
The company raised its operating profit forecast for the current period from the previous forecast of ¥7.2 billion to ¥9.4 billion, representing an expected increase of approximately 53.6% from the previous fiscal year.
Demand related to semiconductors, robotics and machine tools has remained firm, particularly in Japan and China, and sales are expected to exceed the initial assumptions, according to reports.
Expectations for an upside surprise following the substantial increase in first-quarter earnings are supporting the market, and investors are closely watching the company's future performance.