On Wednesday, Jefferies maintained its Hold rating on Askul Corp (2678:JP) and increased the stock price target to ¥2,400 from ¥2,300. The firm anticipates the upcoming financial results and guidance from the company but does not foresee major surprises.
The report from Jefferies comes ahead of Askul Corp's announcement of their fiscal year ending May 2024 earnings results, the forecast for fiscal year ending May 2025, and the new mid-term plan set to be released on July 3rd. The firm expects Askul to exceed their own operating profit guidance.
The focus for investors is anticipated to be on the details of Askul's mid-term plan. Jefferies highlighted that the plan might be unveiled in two phases: initially, the capital structure strategy plan, followed by the specifics of their target figures.
Jefferies' stock price target adjustment reflects their expectations that Askul will not only meet but potentially surpass their previously stated forecasts. This outlook is based on the company's prior revision of their fiscal year ending May 2024 estimates.
Investors and market watchers are now looking to July 3rd for the comprehensive details of Askul's strategy and financial targets that will shape the company's trajectory in the medium term.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.