＜2927＞ AFC-HD 939 +26
Significant continued growth. An upward revision of the first half earnings forecast was announced the day before. Operating profit was raised from the previous forecast of 770 million yen to 1.02 billion yen, up 50.9% from the same period last year. In addition to the steady trend in the domestic healthcare business and pharmaceutical business, factors include a surplus change in the subsidiary Saikaya, recovery in the food and beverage business after COVID-19, and an upward trend in the healthcare business overseas sector. There were upward expectations from the situation in the first quarter, but movements that viewed positively the magnitude of the correction range are dominant.
＜3121＞ merchant 280 +20
Significant continued growth. Additional shareholder benefits were announced the day before. On 3/15, it was announced that shareholder benefits would be implemented, such as presenting 3000 yen worth of Quocard to shareholders holding 300 shares or more at the end of October, and products equivalent to 10,000 yen sold on shopping sites operated by Laffan Co., Ltd. will be presented to shareholders holding 1000 shares or more at the end of October. Of the approximately 700 items handled on the same site, about 5-10 items will be picked up as special offers.
＜3498＞ Kasumigaseki Capital 16190 +690
Significant continued growth. Daiwa Securities continues to make investment decisions “1,” and has raised the target stock price from 15600 yen to 20,000 yen. Currently, the acceleration of purchases has become remarkable, but there is also room on the financial side, and it has been determined that aggressive purchasing activities will continue in the future. It is expected that high profit growth will continue based on the pipeline plan where accumulation is progressing even after the fiscal year ending 25/8. Also, in recent years, with concerns about inflation, it seems that the view of evaluating real estate stocks by discounting them has decreased slightly.
＜3148＞ CREATE SD 3390 +130
Significant continuous growth. Financial results for the 3rd quarter were announced the day before, and cumulative operating income was 15.6 billion yen, up 11.2% from the same period last year, and the full-year forecast was revised upward from the previous 19.2 billion yen to 21 billion yen, an increase of 10.9% from the previous fiscal year. In addition to an increase in demand for comprehensive cold medicines and cosmetics due to deregulation of behavioral regulations, it also seems that continued promotion effects of EDLP policies have surfaced. Additionally, the year-end dividend has also been raised from the previous plan of 27 yen to 37 yen, and the annual dividend is 64 yen, an increase of 12 yen from the previous fiscal year.
＜4063＞ Shin-Etsu 6467 +275
Significant continued growth. It is reported that it became known that a new factory for semiconductor materials will be built in Gunma Prefecture. It seems that this will be the first time in 56 years that a new domestic manufacturing base has been established. The new plant is scheduled to be completed in 2026. It also seems that materials used in the exposure process, such as photoresists and original materials, are produced. The plan is to invest approximately 83 billion yen. Although it is a leading silicon wafer company, expectations for growth in exposure materials also seem to be rising, and positive responses to aggressive development prevail.
＜3141＞ Welcia HD 2383.5 -98.5
A sharp decline. Financial results for the fiscal year ending 24/2 were announced the day before, and operating profit was 43.2 billion yen, down 5.3% from the previous fiscal year, falling below the company plan of 48 billion yen. The 12-2 fiscal year saw a 2-digit decline in profit following the previous quarter. The fiscal year ending 25/2 is 47 billion yen, which is expected to increase 8.7%, and although it is at the same level as consensus, it seems that there is a slightly optimistic view from the downward landing in the previous fiscal year. Also, there was no new information on the integration with Tsuruha HD, which led to manual sales.
＜7730＞ Manny 1830 -113
A sharp decline. Financial results for the first half of the year were announced the day before, and operating profit was 4.2 billion yen, up 21.5% from the same period last year. It landed at a level slightly higher than the previous plan of 4.05 billion yen. Sales have increased mainly in Asia, North America, and Europe, and sales seem to be doing well. However, there were no major surprises from the comparison between the first quarter results of 2.22 billion yen and a 27.1% increase, and since the full-year plan remains unchanged, it seems that a short-term sense of exhaustion is ahead.
＜6963＞ ROHM 2268 -163.5
A sharp decline. The issuance of Euro-yen CBs due in 2029 and 2031 was announced. The conversion value of the 2029 maturing CB is 3063 yen, the increase rate is 25.97%, the conversion price for the 2031 maturity CB is 2943 yen, and the increase rate is 21.04%, and the total potential stock ratio is 17.26%. Movements that disgust potential dilution prevail. The 200 billion yen raised will be used as part of the bridge loan repayment funds borrowed when investing in Toshiba.
＜3469＞ Dual Tap 493 +80
Stops are highly proportional. The establishment of a new shareholder benefit system has been announced, and it is a development that can be viewed as evidence. Shareholders with 100 shares or more at the end of June will be eligible and 4,000 yen worth of Quocard will be presented. An amount of 1000 yen will be added to shareholders with a continuous holding period of 1 year or more. The purpose is to improve the investment attractiveness of stocks, etc. by establishing a new establishment. The preferential yield based on the previous day's closing price is at a high level of 9.7%, and the dividend/preferential yield looks like it will be 12.7%.
＜4714＞ Riso Education 303 +80
Stops are highly proportional. Hulic, which is the largest shareholder, announced that it will make the company a consolidated subsidiary. By combining TOB and a third-party allotment of shares, the investment ratio will be raised from the current approximately 20% to 51%. The TOB price is 320 yen per share and is a 43% premium compared to the previous day's closing price. The TOB period is from 9th to 5/22, and we aim to acquire approximately 25% of the issued shares. Although there is an upper limit on the number of planned purchases, there are also expectations for business improvements after becoming a subsidiary, leading to TOB price changes.