Mitsubishi Electric ＜6503＞: 2772.5 yen (+379.5 yen)
Massive backlash. Financial results for the fiscal year ending 2014/3 were announced last weekend, and operating profit was 328.5 billion yen, up 25.2% from the previous fiscal year, and landed at a level similar to market expectations. The fiscal year ending 25/3 is 400 billion yen, which is expected to increase 21.8% from the same period, which greatly exceeds the consensus of about 350 billion yen. It seems that they are expecting a drastic expansion of the FA system, where it has been confirmed that orders have bottomed out. Also because there is a strong tendency to show relatively conservative guidance. The positive response to the bullish outlook is intensifying.
Hitachi ＜6501＞: 15135 yen (+1660 yen)
Significant continued growth. Financial results for the fiscal year ending 2014/3 were announced last weekend, and adjusted operating income was 755.8 billion yen, up 1.0% from the previous fiscal year, and landed at a level similar to market expectations. The fiscal year ending 25/3 is 855 billion yen, which is expected to increase 13.1% from the same period, and it seems to be on the consensus line. There are no surprises in the financial results, but the mid-term shareholder return target value has been raised. The annual dividend for the fiscal year ending March 31, '24 is 180 yen, an increase of 35 yen from the previous fiscal year, and the implementation of a share buyout of the company with an upper limit of 21 million shares, which is 2.27% of the number of issued shares, and 200 billion yen was also announced.
Komatsu ＜6301＞: 4693 yen (+429 yen)
Massive backlash. Financial results for the fiscal year ending 24/3 were announced last weekend, and operating profit was 607.2 billion yen, up 23.7% from the previous fiscal year, and the profit growth rate for the January-March fiscal year slowed to the 1-digit range. The fiscal year ending 25/3 is expected to be 557 billion yen, down 8.3% from the same period. The consensus is down about 30 billion yen, but the profit decline guidance itself is an estimate. Meanwhile, it was announced that 33 million shares, which is 3.5% of the number of shares already issued, will be implemented with an upper limit of 100 billion yen, and the acquisition period is until 9/30. The size of the company's stock has led to a surprise.
Socionext ＜6526＞: 4520 yen (+213 yen)
Switch back and forth and continue. Financial results for the fiscal year ending 24/3 were announced last weekend, and operating profit was 35.5 billion yen, up 63.6% from the previous fiscal year, and it seems that market expectations were shaken by about 2.5 billion yen. Meanwhile, the fiscal year ending 25/3 is expected to be 27 billion yen, down 24.0% from the same period. The consensus was around 34 billion yen. However, exchange rate estimates are conservative at 130 yen, and stagnation in earnings from this fiscal year onwards has originally been factored in. Expectations to obtain business negotiations for North American data centers have also increased, leading to a sense of lack of profit reduction guidance.
Advantes ＜6857＞: 5082 yen (-307 yen)
A sharp decline. Financial results for the fiscal year ending 24/3 were announced last weekend, and operating profit was 81.6 billion yen, down 51.3% from the previous fiscal year, and market expectations were lowered by about 5 billion yen. Surprises are limited because some impairment records etc. are seen as downside factors. Meanwhile, the fiscal year ending 25/3 is 90 billion yen, which is expected to increase 10.3% from the same period, but the market consensus of about 130 billion yen has declined drastically. I have the impression that consensus has been devalued slightly at the moment, but the magnitude of the downside is viewed negatively. It seems that they are expecting a decline in profit margins.
SBI Leasing ＜5834＞: 3335 yen (-330 yen)
Significant decline. The operating profit forecast for the fiscal year ending 25/3 has been announced at 5.70 billion yen, up 7.3% from the previous fiscal year. In addition to appropriately supplying products based on investor needs as JOLCO (Japanese operating lease with right to purchase option) products, JOL (real asset investment with aircraft investment targets) products aim to differentiate themselves with a composition centered on major airlines. Operating profit for the fiscal year ended March 24 rose 31.9% to 5.310 billion yen. In response to the forecast that the growth rate will slow in the fiscal year ending 25/3, it seems that sales are ahead.
WillSmart＜175a＞: 1,621 yen (+2 yen)
Continued growth. The operating profit and loss forecast for the fiscal year ending 25/3 has been announced as a surplus of 120 million yen, up 233.2% from the previous fiscal year. Businesses in the mobility segment, such as transportation and logistics, are expected to expand. Meanwhile, the import segment finally withdraws from projects currently under negotiation. Operating profit and loss for the fiscal year ending 24/3, which were announced at the same time, landed at a surplus of 0.36 million yen (deficit of 179 million yen in previous fiscal year results). Comprehensive information distribution services provided as DX support in the mobility segment increased, contributing to the surplus transition.
Media S ＜4824＞: 323 yen (+5 yen)
Continued significant growth. It has been announced that a basic agreement has been concluded with the Japan Living Guarantee ＜7320＞ for business integration through stock exchange. The share exchange ratio will be determined until the final contract is concluded. Media Seek will become a wholly owned subsidiary of Japan Living Guarantee, and Media Seek shares are scheduled to be delisted on October 30. The purpose is to combine the functions of both companies, which are highly complementary through integration, at a higher level. Also, it is said that they aim to step up to the Tokyo Stock Exchange prime market at an early stage.