＜3553＞ Kyowa Leather 774 +43

There was a sharp backlash with no change from the previous day in between. 400,000 shares, which is 1.66% of the number of issued shares, and a share buyback with an upper limit of 210 million yen was announced, and the acquisition period is from today until 7/31. The purpose is to return shareholders, improve capital efficiency, and implement flexible capital policies in response to changes in the business environment. In addition, a long-term vision and medium-term management plan have been announced, and target figures such as operating income for the fiscal year ending 31/3 of 5 billion yen (2.5 billion yen for the fiscal year ending 24/3) and annual dividend of 66 yen (32 yen) have been set.

＜6524＞ Kohoku Kogyo 2490 +155

Significant continued growth. A new multi-core fiber-connected optical component for next-generation submarine cable systems was developed in collaboration with the KDDI Research Institute, and it was announced that it will contribute to the demonstration of 18,090 km optical fiber transmission, which is the longest in the world. Since US Google announced the first optical fiber route “Umoja,” which directly connects Africa and Australia, on 5/24, it is also a timing where interest in undersea cable-related brands is currently growing, and it seems that it was taken as expected material.

＜8515＞ AIFUL 415 +12

Significant continued growth. The implementation of treasury stock acquisitions with an upper limit of 6 million shares and 2 billion yen has been announced. 6 million shares will be at the level of 1.2% of the number of shares issued at the end of March. The acquisition period is from 5/28 to 7/31. It is based on the capital policy “improving shareholder returns while basing growth investment” of the medium-term plan announced in May. Note, as a mid-term shareholder return policy, the target is a total return ratio of around 20% for the fiscal year ending 27/3.

＜2590＞ dyDo 2566 -125

A sharp decline. Financial results for the first quarter were announced the day before, and operating profit and loss were in deficit of 610 million yen, and profit and loss deteriorated by 70 million yen compared to the same period last year. Ordinary profit and loss are in deficit of 1.29 billion yen due to deterioration in non-operating balances such as exchange losses. The company has not shown guidance, but it seems that the market is also expecting a full-year increase in profit, and it is accepted as a sluggish start. Cost increases, such as implementing strategic advertising investments in the supplement mail-order business, seem to be in the background.

＜5991＞ NIPPATS 1742 -143.5

A sharp decline. According to the change report submitted the day before, it became clear that Silchester's ownership ratio dropped from 9.21% to 8.18%. At one point, the ownership ratio had risen to 11.25%, but as of this year, the ownership ratio has declined following February and March. In addition to being expected to lead to a drop in return pressure in the future, immediate effects on supply and demand are also being watched on alert.

＜7278＞ EXEDY 2588 -275

A sharp decline. Aisin, Aisin HD America, and Aisin Europe announced the implementation of stock sales with sellers. The number of shares sold is 14.113,400 shares, and the maximum sales due to overallotment of 2,117,000 shares will also be carried out. The total voting ownership ratio of the 3 companies accounted for 34.55%, but with this sale, the ownership ratio is zero. A share repurchase of 8 million shares, which is 17.03% of the number of issued shares, was announced, but supply and demand concerns due to large-scale sales became dominant.

＜9273＞ Core Shoji HD 759 -126

Plummeting. A public offering of 2.174,000 shares and implementation of sales due to an over-allotment of 326,000 shares have been announced. The maximum number of new shares issued will be at the level of 6.3% of the number of issued shares. Movements that view the dilution of stock values as negative are dominant. The public offering price will be decided between 6/5 and 10. The funds raised are planned to be used as part of capital investment funds related to the construction of the new Zao Plant 2 of Koaisei Co., Ltd., a subsidiary responsible for the pharmaceutical manufacturing and sales business.

＜6644＞ Osaki Electric 653 + 49

Significant continued growth. Ichiyoshi Securities has raised ratings from “B” to “A,” and fair value has also been raised from 800 yen to 900 yen. The spread of second-generation smart meters is expected to be in full swing from fiscal year 26, and it seems that they think it will lead to expansion of business opportunities for the company, which is a top company. Also, based on the financial results for the fiscal year ending 24/3 and the details of the medium-term management plan, it is planned to strengthen the view on financial results for the fiscal year ending 27/3 and onwards.

＜4516＞ Nissin Pharmaceutical 2874-700

Stop-low proportional allocation. A five-year medium-term plan was announced the day before. Sales revenue of 230 billion yen and operating profit of 30 billion yen were set as target values for the fiscal year ending 29/3. As for the fiscal year ending March 31, 2012, sales revenue was 148.3 billion yen and operating profit was 33.3 billion yen, and although sales were above expectations, profit is an unexpected negative growth plan. In addition, a preliminary results report stating that the main evaluation items could not be achieved for the phase 3 trial of the Duchenne muscular dystrophy remedy Biltralsen has also been announced.

＜9506＞ Tohoku Electric Power 1544 +150

rapid expansion. It was announced that safety measures construction for Onagawa Nuclear Power Plant Unit 2 has been completed. It was initially scheduled for June, but it was completed ahead of schedule. It seems that fuel loading work to put nuclear fuel into the reactor and inspections to start the reactor will proceed in the future in order to restart operation around September. If it can operate as scheduled, there will be a fuel cost reduction effect of about 7 billion yen per month, and it seems that ordinary profit for the fiscal year ending 25/3 will be boosted by 40 billion yen.