Meidensha Corporation (TSE:6508) First-Quarter Results: Here's What Analysts Are Forecasting For This Year
Meidensha Corporation (TSE:6508) reported its first-quarter results, with revenues of JP¥58b and earnings per share of JP¥408, meeting analyst expectations. The stock rose 3.6% to JP¥5,710. Analysts forecast revenues of JP¥328.5b for 2026, a 7.9% increase, but expect earnings per share to decrease by 6.5% to JP¥370. The consensus price target remains at JP¥6,160, with estimates ranging from JP¥5,000 to JP¥7,200. Overall, analysts see Meidensha growing faster than the industry, with an expected annual growth rate of 11% through 2026.
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