Yokogawa Electric Corporation ＜5911＞ fell sharply. Nomura Securities downgraded its investment rating from 'buy' to 'neutral' and lowered its target stock price from 3300 yen to 2900 yen. In the domestic construction industry, large-scale projects are increasing and it is expected that orders for small and medium-sized projects will continue to be restrained after the FY 2025. The company has revised its sales forecasts for system construction downwards and has also revised its earnings forecast downwards, taking into account cost increases such as wage increases and the renewal of core systems. It expects operating profit for FY 2025 to be 148 billion yen, which is below the company's planned 155 billion yen.
横河ブHD---大幅反落、国内証券では業績予想を下方修正し投資判断格下げ
Yokogawa Electric Corporation: Significantly declined, and domestic securities revised downward their financial estimates and downgraded their investment rating.
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