<3110> Nitto Bose's performance forecast for the fiscal year ending March 2025 has been revised. Revenue has been upwardly revised from 104 billion yen to 109 billion yen, and operating profit has been upwardly revised from 12.5 billion yen to 15 billion yen, exceeding the consensus (of about 13 billion yen). High value-added product sales were strong in the first quarter. In the electronic materials business, sales of special glass with low dielectric properties and special glass with low thermal expansion properties for semiconductor package substrates were strong due to continued strong demand for AI servers.
In its revised forecast for the fiscal year ending March 2025, <3110> Nitto Bose upwardly revised revenue from 104 billion yen to 109 billion yen, and operating profit from 12.5 billion yen to 15 billion yen, surpassing the consensus figure (of about 13 billion yen). Sales of high value-added products were favorable in the first quarter. In the electronic materials business, sales of special glass with low dielectric properties and special glass with low thermal expansion properties for semiconductor package substrates were strong due to continued strong demand for AI servers.
<2222> Suntory Spirits
After peaking at ¥2,082 on July 23, adjustments intensified and the stock dropped to the 200-day moving average. Although it briefly fought back at the 25-day moving average, it dropped rapidly to the 75-day moving average level yesterday, leaving a long shadow line. Looking at the weekly chart, there has been a downwards trend for 13 and 26 weeks, with the upper limit being the 52-week moving average. It seems to be a good time to aim for a rebound.