In today's Tokyo market, several stocks, including Furuya Metal and メイコー, are expected to attract buying after announcing upward revisions to their first-quarter results.
Following developments in US stocks and foreign exchange markets at the end of last week, several companies announced earnings revisions in today's Tokyo market. Some stocks, particularly semiconductor-related names, indicated upward revisions and are likely to attract buying.
Furuya Metal raised its first-quarter operating profit forecast to 3.8 times the year-earlier level. IDEC raised its first-half operating profit forecast to 2.3 times the year-earlier level, while メイコー raised its earnings and dividend forecasts for the fiscal year ending March 2027. TOWA also announced an upward revision.
長瀬産 raised its earnings forecast for the fiscal year ending March 2027 and announced a share buyback of up to 0.86% of the number of shares outstanding. 日空ビル announced an upward revision to its earnings forecast for the fiscal year ending March 2027 and a 1-for-3 stock split. Nichicon, Minebea, Seven Bank, セカリテ and Ushio Electric also announced upward revisions.
Meanwhile, Sanrio's first-half profit turned to a decline. 東急不HD and Mitsui Fudosan are expected to remain weak because of their low first-half progress rates, while メガチップス and Mitsubishi Motors are expected to revise their earnings forecasts downward.