<9508> Kyushu Electric Power 1781.5 +56.5
Significant rebound. SMBC Nikko continues its investment rating of 1 and has raised its target stock price from ¥ 1,210 to ¥ 2,290. After reconsidering the business performance forecast based on the results and guidance of earnings reports, as well as the trend in fuel prices, the company has raised its normal profit from JPY 130 billion in the fiscal year ending in March 2025 to JPY 160 billion, and from JPY 128 billion in the fiscal year ending in March 2026 to JPY 172 billion. Dividends will also change from JPY 50 per fiscal year ending in March 2025 to a forecast of increasing dividends by JPY 5 every fiscal year until the fiscal year ending in March 2029. The stock price is still considered to be undervalued.
<3397> Toridoll 3665 -93
Significant drop. The company has announced the issuance of CB220 billion in euro-denominated bonds with a maturity date of 2031. The conversion price is ¥ 4,360, and the increase rate compared to the previous day's closing price is 16.02%. The proportion of potential shares will be 5.78%. It is expected that approximately JPY 16 billion will be used to permanently acquire the British subsidiary, which was acquired in July 2023, and approximately JPY 5.85 billion will be used as part of the funds for growth investment in overseas new store openings. Moves to be concerned about the dilution of potential stock values are leading the way.
<8524> Bank of Kitakyushu 557 -38
Significant and continued decline. Bank stocks softened today, and many stocks, even some regional bank stocks, fell. At the monetary policy meeting in June, the Bank of Japan stated that "there is a high possibility that it will discuss whether to show a more specific policy on reducing purchases of long-term government bonds," and the 10-year JGB yield has fallen below 1%, dropping to the 0.98% range. The company has shown relatively strong movements among bank stocks due to expectations for the Lapidas effect, etc.
<8057> Uchida Yoko 7080 +190
A significant rebound occurred. The company announced its third-quarter earnings the day before, and the cumulative operating profit was 9.37 billion yen, an increase of 10.5% from the same period last year. The full-year estimate has been raised from the previous 86 billion yen to 92 billion yen, a 9.0% increase from the previous year. It seems that the acquisition of large-scale office construction projects by large companies is steadily increasing, and the acquisition of large-scale projects through software license contracts is also increasing. Although it can be considered to exceed expectations based on the previous trends of the first half of the year, the annual dividend has also been raised from the previous plan of 190 yen to 210 yen.
<2875> Oceans 10280 -655
Significant and continued decline. The company announced the implementation of the purchase of its own stock of 2.5 million shares, which corresponds to 2.45% of the issued shares and has an upper limit of JPY 25 billion. The acquisition period is from June 5th to June 25th, 2023. The purpose of the acquisition is to pursue a flexible capital policy, taking into account business environment, financial situation, etc. However, it is believed that the possibility of a share buyback implementation had already been factored in from proposals by activist shareholders, etc., and the surprise appears limited. The sense of exhaustion is also dominant in the immediate future.
<2685> Adastria 3705 +120
Significant growth in the previous sales month has been announced. Same-store sales increased by 4.6% YoY, marking the second consecutive month of positive growth. Customer traffic increased by 1.0%, while the customer unit price also increased by 3.6%. Warm weather contributed to brisk sales of summer products. In addition, it seems that the 20% point reduction campaign for members also contributed to sales growth. It should be noted that there was a time sale on their in-house EC website during the same period last year.
<7606> U-Arrows 1874 +104
Significant growth in the previous sales month has been announced. Same-store sales increased by 11.4% YoY, marking the sixth consecutive month of positive growth and the third consecutive month of double-digit growth. Customer traffic increased by 6.1%, while the customer unit price also increased by 4.5%. During the month, lightweight summer clothing such as shirts, cut-and-sewns, and blouses sold well, and online net sales grew mainly through their in-house EC website. Comparing growth rate to other specialty shops, their growth rate is at a high level.
<3765> GungHo Online Entertainment 2825.5 +126.5
Significant and continued surge. Ichiyoshi Securities has raised its rating from "B" to "A" and its fair value from ¥ 2,700 to ¥ 3,500. It seems that the business performance forecast has been raised, considering the contribution of the "Puzzle and Dragons" outlook and the periodic "Ragnarok" series releases. It appears that the operating profit forecast for the fiscal year ending in December 2024 has been raised from the previous forecast of JPY 14 billion to JPY 21 billion, and from JPY 5 billion in the fiscal year ending in December 2026 to JPY 17 billion.
<6236> NC-HD 2119 +400
Trading has been halted and stocks will be distributed in proportion to the limit-up price. AUSPEX Investments, a U.S. investment company, has announced a takeover bid (TOB). The TOB price is ¥ 2,208, and the acquisition target is all outstanding shares. The TOB price has a premium of 28.4% over the previous day's closing price, and it has become a move to bring the TOB price closer. The company has expressed support for the TOB, and is recommending it. The TOB is scheduled to run from June 5th to July 17th.
<2433> Hakuhodo DY 1159 -197
Sharp decline. Due to the impact of the excess billing case of a subsidiary, the company announced the earnings report for the fiscal year ending in March 2024, which had been delayed, the previous day. Operating profit was JPY 34.3 billion, a 38.1% decrease from the previous year, and was almost on the planned line. On the other hand, for the fiscal year ending in March 2025, the company expects ¥ 360 billion, up 5.0% from the previous year, which is almost JPY 100 billion lower than the market consensus level, leading to negative reactions. In its new medium-term management plan until the fiscal year ending in March 2027, it sets an annual average growth rate of 10% or more in adjusted before impaired impairment operating profit.