＜7599＞ IDOM 1369 +42

Massive backlash. Tokai Tokyo Securities has raised investment decisions from “neutral” to “outperform,” and target stock prices have also been raised from 760 yen to 1700 yen. Expectations to restore trust in the used car industry as a whole due to the establishment of a new company between the old Big Motor and ITOCHU, the continued high price of used cars, and market share expansion due to aggressive development of large stores are the background of the upgrade. It seems that it is assumed that stock price valuations will also improve due to the strong environment in the used car industry.

＜7864＞ FUJI SEAL 23+125

Massive backlash. Okasan Securities has upgraded investment decisions from “neutral” to “bullish,” and the target stock price has also been raised from 1800 yen to 3100 yen. We are evaluating changes in management from an investor's perspective, such as the realization of a 2-digit ROE for the 31/3 fiscal year and an increase in dividend payout ratio. Also, it seems that they have begun reviewing unprofitable projects and products at home and abroad, and that they are also evaluating the medium-term growth potential of environmentally friendly products.

＜9037＞ Hamakyo 3990 +85

Significant continued growth. Financial results for the fiscal year ended March 24 were announced the day before, and operating profit was 12.6 billion yen, up 8.8% from the previous fiscal year, slightly up the previous plan of 12.1 billion yen. The annual dividend was raised by 10 yen from the previous plan to 120 yen. Operating profit for the fiscal year ending 25/3 is expected to be 12.9 billion yen, up 2.6% from the same period, and dividends are planned to be 140 yen. In addition, it has also been announced that a 1:4 stock split will be implemented based on the end of September, and the implementation of treasury stock acquisitions with an upper limit of 220,000 shares and 1 billion yen.

＜2753＞ Amiyaki 6270 +390

Significant continued growth. It was announced the day before that a 1:3 stock split will be implemented. 9/30 is the reference date. By lowering the amount of money per investment unit of stock, the purpose is to create an environment where it is easier to invest, improve stock liquidity, and further expand the investor base. The annual dividend for the fiscal year ending 25/3 was revised to 34 yen (102 yen on a basis before division consideration) compared to the previous plan of 100 yen, and there was actually a slight increase in dividends. Since the current stock price level is high, the effect of improving liquidity is significant.

＜6416＞ Katsuragawa Electric 1145 +150

Stops are highly proportional. Financial results for the fiscal year ending 2014/3 were announced the day before, and ordinary profit was 190 million yen, turning into a surplus from a deficit of 760 million yen in the previous fiscal year, contributing to increased sales and cost ratio improvements. Also, due to the recording of exchange gains, it looks like it will land significantly above the previous forecast of 60 million yen. The forecast for the fiscal year ending 25/3 is currently undecided. With the achievement of profitability, it seems that the description of “notes on the assumptions of continuing enterprises” has been resolved and announced, and the sense of purchase security is strengthened.

＜9873＞ Japan KFC 6400 +1000

Stops are highly proportional. The US investment fund Carlyle Group announced that it will acquire the company. The acquisition amount is about 130 billion yen, and in addition to TOB, it seems that the plan is to buy shares from major shareholders such as Mitsubishi Corporation and make it a wholly owned subsidiary around September. The TOB price is 6,500 yen per share, and the premium over the previous day's closing price is about 20%. The TOB period is from 5/21 to 7/9. The company agreed with TOB, and it was a development aimed at moving towards TOB prices.

＜8897＞ Millers HD 493 -91

Plummeting. It has announced the implementation of sales through a public offering of 16 million shares, treasury stock disposal of 6 million shares, and overallotment with an upper limit of 3.3 million shares. The number of shares combined from the public offering, treasury stock disposal, and sales is 25.3 million shares, which is at the level of about 23% of the number of issued shares excluding treasury stock. There seems to be a situation where dilution of stock values is feared. Furthermore, it seems that the funds raised will be used as investment and loan funds for consolidated subsidiaries, and the acquisition and development of solar power generation facilities are planned.

＜8630＞ SOMPO 2942 -190

The sharp decline continued. Financial results for the fiscal year ending 2014/3 were announced the day before, and net profit was 416.1 billion yen, up from the previous plan of 324 billion yen, while profit for the fiscal year ending 25/3 is 230 billion yen, which is expected to decrease 44.7%. Assume an increase in insurance claims and expenses, an increase in natural disaster reserves, and a decrease in transient profits. The annual dividend is planned to be 112 yen, an increase of 12 yen from the previous fiscal year after taking stock splits into account. We announced 40 million shares, which is 4.04% of the number of issued shares, and a stock buyback with an upper limit of 77 billion yen. Disgusted by the weakness of relative guidance.

＜8766＞ Tokio Marine 5083 +116

Significant continuous growth. Financial results for the fiscal year ending 2014/3 were announced the day before, and net profit was 695.8 billion yen, up 85.7% from the previous fiscal year, up 670 billion yen from the previous plan. The fiscal year ending 25/3 is expected to increase 25.0% from the same period at 870 billion yen. The annual dividend is planned to be 159 yen, an increase of 36 yen from the previous fiscal year. In addition, 60 million shares, which is 3.0% of the number of issued shares, and share buybacks with an upper limit of 100 billion yen were also announced. Sales policies that reduce strategic holdings to zero by the end of fiscal year 2029 are also positive.

＜8725＞ MS & AD 3149 +381.5

rapid expansion. Financial results for the fiscal year ending 2014/3 were announced the day before, and net profit was 369.3 billion yen, up 75.0% from the previous fiscal year, exceeding the previous plan of 350 billion yen. The fiscal year ending 25/3 is 610 billion yen, and a significant increase of 65.2% from the same period is expected, which also exceeds consensus. An annual dividend of 145 yen is planned, and dividends will be increased by 55 yen compared to the previous fiscal year after considering the stock split. Furthermore, 130 million shares, which is 8.2% of the number of issued shares, and share buybacks with an upper limit of 190 billion yen were announced, and the size of the acquisition level was also highly evaluated.