YAMAZEN CORPORATION, a trading company specializing in machine tools and tools, drove its share price sharply higher and set a new record high since listing. It also raised its consolidated earnings forecast for the fiscal year ending March 2027.
YAMAZEN CORPORATION surged in afternoon trading on the 10th, closing at ¥1,900, up ¥88 from the previous day and above its previous record high since listing of ¥1,866, set on 15 June.
On the same day, the company raised its consolidated forecast for the fiscal year ending March 2027, increasing revenue from ¥570.0 billion to ¥585.0 billion, up 8.0% year on year, and operating profit from ¥13.3 billion to ¥15.0 billion, up 24.6%. The revisions reflected the effects of cost reductions, interest rate trends and a review of net finance costs associated with increased working capital, which was viewed positively by the market.
In its first-quarter results for April-June 2026, revenue was ¥145.862 billion and operating profit was ¥2.890 billion. Revenue increased and operating profit rose sharply from the same period a year earlier.