Tosei <8923> fell sharply. The company announced its third quarter financial results the previous day, with cumulative operating profit reaching 17.1 billion yen, an 18.0% increase compared to the same period last year. The full-year forecast has been upwardly revised from the previous 17.7 billion yen to 18.2 billion yen, a 11.9% increase compared to the previous year. The annual dividend is also raised from 73 yen to 77 yen. The sale of high-profit properties in the real estate regeneration business and the outperformance of the hotel business are among the factors. However, with a significant progress in the first half at 14.9 billion yen, there is no surprise in the slight upward revision of performance expectations, leading to a sense of exhaustion.
トーセイ---大幅反落、通期業績上方修正も修正幅小幅で出尽くし感先行
Toyo Seikan's stock price fell sharply, although the full-year performance forecast was upwardly revised, the revision range was small, showing a sense of exhaustion ahead.
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