<3856> Equity balance 1403 -131

Continuing to hit new lows, having a significant decline. The previous day's release on the status of the group's overseas business. As part of the Biden administration's industrial support policy aimed at protecting and nurturing the US solar panel industry, it announced the end of the tariff exemption for solar panels on June 6th. It is expected that the global expansion of the company's group's solar panel manufacturing business will face a tougher business environment in the future, in the face of the significant changes in the competitive environment in the United States amid continuing price declines due to oversupply of solar panels.

<3544> Satudora Holdings 902 +41

Markedly rebounding. It has announced an upward revision of its business performance forecast for the fiscal year ending May 24th, from the previous expected 1 billion yen in operating profit to 1.35 billion yen, up 4.5 times from the previous year. The company seems to have lowered its expected sales based on the continuing rise in demand from other Asian countries except for China and a possible decline in electricity prices from plans, but it seems that it was partially expected. Expecting operating profit for the year ended March 2025 to be higher than the 5 billion yen company plan, but has lowered it to 5.5 billion yen from the previously expected 6.7 billion yen. It has also lowered the projection for the fiscal year ending March 2026 from 7 billion yen to 6.2 billion yen.

<2695> Kura Sushi 4415 -290

Great drop. The company announced the monthly trend for May the day before. Same-store sales increased by 0.6% compared to the same month last year, marking six consecutive months of positive growth. The collaboration campaign with popular anime such as "Detective Conan" and "Demon Slayer: Kimetsu no Yaiba", as well as the attractive fair events, have had a positive effect. However, compared to the increases of 4.0% in April and 23.0% in March, the growth rate has slowed down. While the customer unit price has increased by 6.2%, the number of customers has decreased by 5.2%.

<1786> Oriental Shiraishi 343 -8

Continuing to plummet. Ichiyoshi Securities has downgraded its rating from "A" to "B" and lowered its fair value from 490 yen to 430 yen. As the planned construction progress is slower than expected and the rebound decrease in the previous year is expected to occur in fiscal year ending March 2025, the short-term earnings forecast seems to have been lowered. Despite some anticipation of an upward trend, there is a significant impact on the magnitude of the change rate.

<5714> DOWA 5768 +140

Markedly rebounding. Daiwa Securities has upgraded its investment rating from "4" to "3" and raised its target stock price from 3,500 yen to 5,300 yen. While its dividend yield is not cheap, the evaluation seems to have been raised based on its contribution to ESG through its core business of environmental recycling, recovery of silver powder sales, and relative comparison of fundamentals within the sector. It says a scenario for expanding business performance independent of fluctuations in the metal market is necessary for a full-scale rise in stock prices.

<8253> Crescenzo 3367 +140

Markedly rebounding. SMBC Nikko Securities has upgraded its investment rating from "2" to "1" and raised its target stock price from 2,500 yen to 4,200 yen. Its earnings forecast has been upgraded mainly by improving the profitability of its payment business and expanding its business in India, and its evaluation also takes into account the improvement in capital efficiency through share buybacks. It seems that there is an increasing awareness of management that is conscious of stock prices, aiming to achieve the target of reaching a PBR of 1 or more to improve corporate value.

<4042> Tosoh 2041 +47.5

Marked rebound. It has been revealed that English fund manager, Silchester, has a stake of 5.06% according to a large shareholding report submitted the previous day. The company also holds shares in Organo through its subsidiary, and it is expected that market interest will increase regarding capital policies and the positioning of listed subsidiaries in the future. It should be noted that Silchester also became a major shareholder of Nikon in the recent past, which led to a sharp rise in stock prices at one point.

<6770> Alps Alpine 1462 -87

Markedly declining. It seems to have held an explanation meeting for its structural reform the previous day. It aims to achieve a V-shaped recovery from the bottom in the year ending March 2025, with measures worth an annualized 30 billion yen, and to achieve a PBR of 1 or more by March 2027. To that end, it claims to be tackling structural reform from the top down by facing the voice of the market sincerely.

<8035> Tohoku Electric 34700 +1160

Markedly rebounding. Large semiconductor stocks, except for Laser Tech, are generally strong, with the Nasdaq rising close to 2% mainly due to buying in high-tech sectors in the U.S. market the previous day. Nvidia rose more than 5%, contributing to the rise in the SOX index by 4.5%. Comments from the CEO of HP Enterprise that "Nvidia is the market leader in computer-generated AI" are considered to have contributed to the rise in Nvidia. Nvidia's market capitalization has surpassed 3 trillion dollars for the first time.

<6920> Laser Tech 34520 -1040

Significant decline. Scorpion Capital, known as a short-selling investor, published a short-selling report the day before, pointing out suspicions of fraudulent accounting, etc. Yesterday, after a round of selling, there was a temporary slowdown, but it softened again, and the company denied the allegations of fraudulent accounting, but today's movement still looks for lower levels. There are many doubts about the legitimacy of the report, but there are also many voices hoping for enhanced disclosure of information by the company in the future.