<6590> Shibaura 7440 +290
Great momentum. Jefferies Securities continues to recommend "buy" and has raised its target price from 9500 yen to 10000 yen. Although the stock price has returned after the financial report, the valuation remains in the early-per 10s based on the 24-year estimates, and there is still room for growth on the valuation side. With the recovery of momentum in orders, such as the steady continuation of orders related to CoWoS and the expected recovery of the previous process from the second half of this year, expectations are that the stock price will also return to its level.
<3880> Oji Paper 864.6 -40
Significant decline. Daiwa Securities has downgraded its investment rating from "2" to "3" and has lowered its target price from 1350 yen to 950 yen. Based on the contents of the medium-term plan, the current phase of the company is considered to be the time to consolidate scaffolding, and it is difficult to expect a valuation increase from the growth expectations of the H&PC business at this point. It also seems to be concerned about the possibility of a decrease in the shareholding ratio of the company by Kitakanto Corporation.
<5801> Furukawa Electric 4195 +149
Significant rebound. Nomura Securities has upgraded its investment rating from "Neutral" to "Buy" and has raised its target stock price from 3300 yen to 5100 yen. They analyzed the information and communications business in North America, which is centered on optical fibers, has emerged from the worst phase, and there is a possibility of recovery after the January-March period of 2025. In addition, they anticipate a recovery in demand for semiconductor tapes and memory disks, and growth of products for generating AI. They determined that the expected profit recovery has not been reflected in the stock price. The operating profit for the March 2026 period is expected to exceed the market forecast of 31.1 billion yen, reaching 40 billion yen.
<2593> Ito En 3762 -58
Significant decline. They announced their financial statement for the April 2024 period the prior day, and their operating profit increased by 27.7% year on year to 25 billion yen, exceeding the original estimate of 23.2 billion yen. However, the increase is considered to be on the expected line based on the situation up to the third quarter. On the other hand, the operating profit in April 2025 is expected to be 26.5 billion yen, a 5.9% year-on-year increase, and the outlook for profit growth is slowing down. The impact of rising prices of raw materials and materials is suppressing the increase in revenue. They also announced their medium-term plan until April 2029, setting a target of an average annual growth rate of sales of 2% or more and an operating profit margin of 8% or more.
<6036> Keeper Technology 3920 +200
Significant rebound. They announced their monthly trend for May the day before. The existing store sales of the Keeper Lab operating business increased by 3.1% compared to the same month of the previous year. Although the number of visits decreased by 0.1%, the customer unit price increased by 3.2%. With sales growth stagnating from April to June and the stock price increasingly correcting, it seems to be leading to a review. In addition to the continued prosperity of Hokkaido, the steady growth of new graduate and new employee training also seems to be contributing to the recovery of sales.
<5609> Nichiu Casting 1083 +150
Circuit breaker. It has been reported that they have developed technology that reduces the manufacturing cost of metal machine parts using a 3D printer by more than 20%. They plan to mass-produce parts using the same technology for industrial machinery, etc. in fiscal year 2024 and consider selling licenses for the technology as well. It seems that they have developed a method of making metal powder with water, which leads to short delivery times and cost reductions, and they plan to gradually expand it to the semiconductor manufacturing equipment, etc. Expectations for medium- to long-term performance contribution are predominant.
<4348> Infocommunications 5440 +580
Temporarily circuit breaker. It has been reported that the U.S. investment fund Blackstone has agreed to acquire the company, and trading was suspended all day the previous day. Teijin, the parent company, will sell all its shares, and Blackstone will acquire all the shares through a tender offer, with the acquisition cost rumored to be around 260 billion yen. The company acknowledges that they are considering the intention of Teijin. Expectations for the TOB premium have been there, and they are increasing further today.
<7408> Jamco 1527 +41
Significant increase. It seems that the delivery of new aircraft such as the 737 MAX and 787 Dreamliner to China has resumed. Last month, delays were reported in the delivery of aircraft to Chinese customers due to scrutiny by Chinese regulatory authorities, which seems to have led to a sense of reassurance. Boeing rose more than 3.9% in the previous day's U.S. market, with a stimulus to the company's stock, which is positioned as being in the Boeing-related category.
<3154> MediaS HD 976 +101
Rapid rise. It announced an upward revision of its business performance for the year ending June 24th of the next year the previous day. Operating profit is expected to be raised from the previous estimate of 1 billion yen to 1.5 billion yen, down 20.2% from the same period last year. The background seems to be that the number of surgical cases and the sale of consumables has been strong beyond expectations in the medical equipment sales business. In addition, the annual dividend has been raised from the previous plan of 14 yen to 21 yen based on a dividend payout ratio of 30% or more, resulting in a decrease of 1 yen compared to the previous year.
<2899> Nagatanien HD 2740 +500
Stop high ratio allocation. It has announced the implementation of an MBO. Emcap Twelve, which was established for the purpose of implementing TOB, will become the open purchaser and implement TOB at 3,100 yen per share, aiming to acquire all shares. The company is calling for agreement and application for TOB. The TOB price is a premium of 38.4% over the previous day's closing price, and it is a move aimed at narrowing the gap to the TOB price. The TOB period is from **** to July 16th.