Nabtesco's Marine Vessel Equipment Business Likely to Deliver Higher Sales
Dow Jones
Sep 08
0715 GMT - Nabtesco's marine vessel equipment business is likely to deliver higher sales, based on its recent investor relations day, Nomura's Kentaro Maekawa says in a research report. It's now guiding for 2026 sales at this business, which forms part of the transport solutions segment, of 31.2 billion yen versus prior guidance of Y28.1 billion, the analyst notes. This reflects strong recovery and growth in the shipbuilding market, increased usage per ship of the Japanese company's electronic control valves, and rising prices for remote control systems. The brokerage raises the stock's target price to Y5,300 from Y4,600 with unchanged neutral rating. Shares closed 6.1% lower at Y4,337.
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