EarningsThe revised earnings estimates for FY2/24 show a significant year-over-year growth with sales estimate at ¥95.7bn (+25.8% yoy).
Shareholder ValueBCC raised its FY2/24 dividend to ¥43 and announced a share buyback of ¥3.6bn, showing strong shareholder commitment.
ValuationOur price target offers approx 20% upside from current levels and, therefore, analyst raises the rating to Buy.