Japanese stocks in focus as CKD, Seikoh Giken lift record profit forecasts

Japanese companies delivered a broad set of earnings surprises after the market close on August 10, with many firms either raising already record-high profit forecasts or turning prior cautious outlooks into record-profit projections. Kabutan data highlighted pneumatic equipment maker CKD (6407.T), which lifted its full-year ordinary profit forecast by 16% to a new record high and raised its annual dividend by 17 yen, and optical connector manufacturer Seikoh Giken (6834.T), which increased its ordinary profit outlook by 44% and lifted its dividend by 6 yen. Other companies adding to record-profit forecasts included Innotech (9880.T), MEC (4971.T), Yonex (7906.T), Tokyo Keiki (7721.T) and GMO Product Platform (3695.T), the last of which also raised its dividend by 6.65 yen. Several companies also shifted from weaker expectations to record-profit trajectories, including Minato Holdings (6862.T), Cominix (3173.T), Takeda iP Holdings (7875.T), Meito Sangyo (2207.T), Anest Iwata (6381.T) and Duskin (4665.T). Quarterly momentum was also strong, with Rakuten Group (4755.T) swinging to profit in the April-June quarter alone as first-half net loss narrowed, while companies such as Nikko (6306.T), AKIBA Holdings (6840.T), Toami (5973.T) and Square Enix Holdings (9684.T) posted sharp earnings growth. The results suggest many Japanese companies are strengthening profitability through price pass-through and business restructuring, and attention is shifting to how these earnings gains and higher shareholder returns will be reflected in stock prices from the next trading day.

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Japanese stocks in focus as CKD, Seikoh Giken lift record profit forecasts - CoinPost Terminal