Nihon Dempa Kogyo Lifts Profit Forecast to ¥5.2 Billion as ADAS and AI Demand Drives Surge
Updated
Updated · moomoo.com · Aug 10
Nihon Dempa Kogyo Lifts Profit Forecast to ¥5.2 Billion as ADAS and AI Demand Drives Surge
2 articles · Updated · moomoo.com · Aug 10
Summary
Nihon Dempa Kogyo jumped sharply in Tokyo after raising its full-year operating profit forecast to ¥5.2 billion from ¥4.0 billion following Friday’s earnings release.
Q1 operating profit rose 59% year on year to ¥1.239 billion, giving investors fresh reason to buy the crystal-device maker after the stock broke above its late-¥2,000 consolidation range.
ADAS and autonomous-driving applications in autos, along with sustained demand for optical transceivers and servers used in AI data centers, were the main earnings drivers.
The move came in a broader risk-on Tokyo open, with the Nikkei rebounding 298 yen as softer U.S. jobs data reduced expectations for an early Federal Reserve rate hike and lifted tech shares.