Aviation Electronics <6807> has fallen significantly. The company released its first quarter earnings report the previous day and operating profit was ¥3.77 billion, a significant increase of 2.1 times compared to the same period last year, apparently driven by a recovery in sales of industrial machinery connectors. However, the consensus was around ¥3.1 billion and the result was better than expected due to the weak yen, but there doesn't seem to be any major surprises. The progress rate towards the first half plan of ¥8 billion is also limited. Amid the overall decline in high-tech stocks, there is a sense of running out of momentum.
航空電子---大幅続落、第1四半期大幅増益決算も地合いにい抗えず出尽くし感優勢
Aviation electronics - significant decline, despite significant profit growth in the first quarter, unable to resist market conditions and dominated by oversold sentiment.
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