IBI Electronics' annual performance is strong, with the stock price soaring over 13%

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Investing.com - Japanese chip component manufacturer Ibi Electronics Co., Ltd. (TYO:4062) saw a sharp rise in its stock price on Tuesday after the company announced strong annual earnings and raised its full-year outlook.

Ibi Electronics’ stock surged nearly 13%, closing at 17,665.0 yen, making it the best-performing stock in the Nikkei 225 index.

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For the fiscal year ending March 31, Ibi Electronics reported an operating profit of 62 billion yen (about $390 million), exceeding market expectations. The company’s performance was boosted by the rapid growth in global chip demand (mainly driven by artificial intelligence).

Ibi Electronics is a key chip component supplier for NVIDIA (NASDAQ: NVDA), and the company has raised its earnings guidance for its core electronics business segment this fiscal year. The sales forecast for this segment was increased from 310 billion yen to 330 billion yen.

The operating profit forecast for the electronics business segment this fiscal year was also raised from 57 billion yen to 75 billion yen. Ibi Electronics expects the market demand for AI and general server components to continue strengthening.

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Meanwhile, major global tech giants continue to increase investments in AI infrastructure, spending billions of dollars on large-scale data center construction.

Ibi Electronics expects that by March 2027, its full-year sales will reach 500 billion yen, with an operating profit of 90 billion yen.

The company is a major supplier of chip packaging substrates, which are critical for the production of advanced processors.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

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