Business · Markets · 7 hrs ago
JX Metals raises profit forecast as semiconductor materials sales grow
JX Metals raised its operating profit forecast for the financial year ending in March 2027.
The Japanese company now expects operating profit of ¥255 billion, up 46% from the previous year.
That is higher than its earlier forecast of ¥232 billion.
Growth in semiconductor materials helped drive the improved outlook.
On November 10, JX Metals shares rose as much as 5.58% to ¥2,665.
The forecast increase points to stronger expected earnings, while the share rise shows how investors responded.
The company has set out its outlook for the financial year, but no further next steps are given.
JX Metals raised its forecast for operating profit in the fiscal year ending March 2027.
The company expects consolidated operating profit to rise 46% from the previous year to 255 billion yen.
The revised forecast is up from its earlier estimate of 232 billion yen.
JX Metals said semiconductor materials sales are growing.
Its shares rose as much as 5.58% on November 10.
- Who
- JX Metals.
- What
- It raised its operating profit forecast for the fiscal year ending March 2027 to 255 billion yen.
- When
- The company announced the revised forecast on November 9.
- Where
- Not stated.
- Why
- Semiconductor materials sales are growing.
This story does not have two clearly opposing sides.
JX Metals announced an operating profit forecast of 255 billion yen for the fiscal year ending March 2027, up from its previous estimate.
JX Metals shares rose as much as 5.58% to 2,665 yen.
- Forecast period
- Fiscal year ending March 2027
- Revised operating profit forecast
- 255 billion yen
- Previous operating profit forecast
- 232 billion yen
- Year-on-year forecast increase
- 46%
- Share price rise
- As much as 5.58%