The Nissei Line (5659) rebounded drastically. Upward revisions to earnings and dividend forecasts were announced last weekend. Operating income for the first half of the year was raised from 2 billion yen previously forecast to 2.4 billion yen, and from 4 billion yen to 4.9 billion yen for the full year, an increase of 38.5% from the previous fiscal year. Strong demand for ultra-fine wires for solar panel manufacturing continues, and it seems that large orders for Nasron filters for carbon fiber applications and high-performance film applications are also expected. The annual dividend will also be raised from the previous plan of 46 yen to 56 yen, and the dividend will increase by 14 yen compared to the previous fiscal year.
日精線---大幅反発、業績・配当予想の上方修正を発表
Nisshin Sen---Significant rebound, announces upward revision of performance and dividends financial estimates.
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