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By Kosaku Narioka
W-Scope Corp. shares rose sharply Tuesday morning after the Japanese maker of lithium-ion battery separators raised its 2022 income and internet revenue projections.
The shares had been lately 15% larger at 1,976 yen after rising as a lot as 20% earlier. The Topix subindex for electronics makers was 0.4% decrease and the Nikkei Inventory Common was down 0.2%.
W-Scope, a provider to battery maker Samsung SDI Co., stated Monday after market shut that it expects internet revenue of Y3.00 billion ($21.9 million) in 2022, up from the earlier view of Y1.40 billion and in contrast with internet lack of Y2.94 billion the earlier fiscal 12 months.
The corporate projected income to rise 47% to Y44.00 billion this 12 months, up from the earlier forecast of Y38.00 billion, citing stronger demand for separators utilized in lithium-ion batteries and a weaker yen.
Write to Kosaku Narioka at kosaku.narioka@wsj.com
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