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Wacom to Acquire Stake in IoT Firm JENESIS
Wacom Redesigns Its Flagship Intuos Pro Pen Tablet to Deliver an Exceptional Workflow
Wacom, Nomura Securities has lowered the Target Price to 980 yen.
On the 6th, Nomura Securities maintained its investment rating for Wacom <6727.T> as "Buy". The Target Price has been lowered from 1,030 yen to 980 yen. It is believed that the brand's products, particularly the entry models, will continue to face challenges. Provided by Wealth Advisor Co.
ALSOK, Nomura Holdings, etc. (additional) Rating
Upgraded - Bullish Code Stock Name Brokerage Firm Previous Change After ------------------------------------------------------------- <9468> KADOKAWA Macquarie "Neutral" "Outperform" Downgraded - Bearish Code Stock Name Brokerage Firm Previous Change After ------------------------------------------------------------- <
Rating information (Target Price change - Part 1) = Wacom, Noevir Holdings, ETC
Nomura Securities (three-tiered: Buy > Neutral > Reduce) Wacom <6727.T> ―― "Buy" → "Buy", 1030 yen → 980 yen Azbil <6845.T> ―― "Buy" → "Buy", 1450 yen → 1500 yen ALSOK <2331.T> ―― "Neutral" → "Neutral", 1100 yen → 1130 yen Maruichi Pipe <5463.T> ―― "Neutral" → "Neutral", 3810 yen → 3900 yen Sanwa HD <5929.T> ―― "
In the third quarter, Wacom pushed forward the structural reform of its branded products business along with the steady performance of its Technology solutions business.
Wacom <6727> announced on the 31st its consolidated financial results for the third quarter of the fiscal year ending March 2025 (April to December 2024). Revenue decreased by 1.8% year-on-year to 87.518 billion yen, operating profit increased by 44.3% to 7.602 billion yen, ordinary profit rose by 26.2% to 8.401 billion yen. Due to the implementation of business structure improvements, expenses related to the termination of overseas offices were recorded as special losses in business structure improvement costs, resulting in a quarterly net profit attributable to the parent company's shareholders, which increased by 10.0% to 5.383 billion yen.