Kasumigaseki Capital has surged to its highest level this year, with plans for a significant increase in profits for the fiscal year ending August 2026.

Kasumigaseki Capital <3498.T> surged, reaching an intraday high of 10,350 yen, up 1,130 yen, significantly surpassing its year-to-date high of 9,960 yen on September 29. After the market close on the 2nd, the company announced its consolidated earnings forecast for the fiscal year ending August 2026, projecting a substantial increase in profits, which was well received.

For the fiscal year ending August 2026, the company forecasts revenue of 150 billion yen (a 55.4% increase from the previous term) and operating profit of 26.5 billion yen (a 40.0% increase). The hotel market is expected to remain robust due to steady domestic travel demand and further growth driven by a weaker...