Tomita Electric Co., Ltd.

On the Tokyo Stock Exchange, individual material stocks were active, with Forside, Howa Machinery, and Tomita Electric surging. Forside announced that it will acquire all shares of Macalou Digital, a company engaged in website production and hosting services, on October 1, making it a subsidiary, and the stock rose 27.9% to 110 yen. Howa Machinery announced strengthening its partnership with Prodrone, a startup in industrial drones, and was bought up to the limit-up price of 1,912 yen. Tomita Electric was favored for its upward revision of its first-half consolidated earnings forecast, and updated its year-high at the limit-up price of 4,855 yen. Other stocks such as Eyes, Nippon Ichi Software, Blue Innovation, Asahi Concrete Industry, and Will Smart also rose on individual factors. Limit-up stocks reached five, including Sei Construction Industry, Copa Corporation, and J Pharma.

Tomita Electric has revised upward its earnings forecast for the first half of fiscal year ending July 2026. Operating profit is expected to be 48 million yen, up from the previous forecast of 22 million yen, and a swing to profit from a loss of 47 million yen in the same period last year. Domestically, sales for semiconductor manufacturing equipment and factory automation increased, while in the Chinese market, demand in the automotive market, mainly for EVs, remained strong. The full-year forecast is unchanged, with operating profit for the fiscal year ending January 2027 expected at 66 million yen, improving from a loss of 61 million yen in the previous fiscal year.