NS Tool Raises Full-Year Forecasts on Strong AI Demand, Automotive Sector Recovery
NS Tool (TYO:6157) raised its consolidated attributable profit forecast for the fiscal year ending March to 1.44 billion yen from 940 million yen previously, according to a Tokyo bourse filing on Monday.The precision tooling maker's basic EPS is expected to be 58.38 yen, up from 37.69 yen initially, while net sales projection was increased to 9.49 billion yen, up from 9.14 billion yen.The upward revision was driven by strong semiconductor-related demand in the domestic market, supported by robust AI and data center activity, along with a recovery in the automotive sector, particularly for hybrid vehicles.Additionaly it sees significant sales growth from large-scale orders in Greater China and strong performance in Thailand, India, and Vietnam, combined with lower manufacturing costs.NS Tool's year-end dividend forecast remains unchanged at 15 yen per share.