San Electronics, Kanamoto, Sea and others.

Fisco Japan · Jun 10 14:41

＜4996＞クミアイ化　788　+23

大幅続伸。先週末に上半期決算を発表、営業益は88.3億円で前年同期比30.3％減となったが、4日に業績修正を発表しており、サプライズは限定的。通期予想もその際に120億円から100億円に下方修正済み。農薬及び農薬関連事業の販売が国内外で低調であった。ただ、先週末には期末配当金の増額を発表、18円から20円に引き上げ、年間配当金は前期比15円減配の30円となる。安値圏にある株価の反発材料に。

＜9072＞ニッコンHD　3955　+24.5

反発。日野自動車など大株主3社による売出の実施が発表された。売出株数は212万4800株、売出価格は17日から19日の間に決定する。朝方は短期的な需給悪化が警戒され、年初来安値を更新した。ただ、急ピッチの下げの反動が出たほか、発行済み株式数の2.06％に当たる130万株、30億円を上限とする自己株式の取得実施を発表していることも支援材料に。なお、取得期間は7月1日から12月30日まで。

＜3903＞ gumi　341　-5

大幅続落。前営業日に24年4月期の決算を発表、営業損益は50.4億円の赤字となり、前期比54.9億円の損益悪化に。『アスタタ』の売上が想定を大きく下回り、モバイルオンラインゲーム事業で大幅な損失を計上。約28億円の減損損失計上も響く。未定としていた年間配当金も無配としている（前期は5円配）。なお、今後はオリジナルタイトルの開発は行わないこと、約80名の人員整理を実施することも発表している。

＜3854＞アイル　2319　-211

大幅反落。先週末に第3四半期決算を発表、累計営業利益は32.7億円で前年同期比23.8％増となり、通期予想は従来の40億円から42.5億円、前期比19.8％増に上方修正。年間配当金計画も34円から40円に引き上げるとしている。ただ、上半期の上振れ着地から今回の修正幅にはサプライズ乏しく、出尽くし感につながっているもよう。増配発表に関しても利回り妙味は限定的のようだ。

＜9552＞ M&A総研　3450　-455

急落。本日は同社のほか、ストライク、M&Aキャピ、日本M&Aなど、M&A関連会社が揃って下落率の上位に。月刊誌のオンライン版が「M&A仲介業者への帰省強化を」と報じた。それによると、「M＆A仲介業者に『死刑宣告』」との見出しとともに、M&A仲介業者に規制がほとんどない一方、中小企業の事業承継をめぐるトラブルが続出していると指摘。中小企業庁が今秋にも仲介手数料などの規制強化に乗り出すとしている。

＜3657＞ポールHD　483　+23

大幅続伸。先週末に第1四半期決算を発表、営業損益は1.2億円の赤字となり、前年同期比4.2億円の損益悪化となっている。ただ、前四半期2.7億円の赤字からは損失が縮小しいている。会社側期初計画では、前四半期比で損失が拡大する見込みであったもよう。収益の底打ちが意識されるとともに、上半期の上振れも想定される状況のようだ。安値圏で推移していた株価の見直し材料へとつながっている。

＜6736＞サン電子　4390 +700

ストップ高。米投資会社トゥルーウインドキャピタルがTOBを実施することが本日の届出書で明らかに。TOB価格は4400円で、先週末終値に対するプレミアムは19％程度。買い付け予定数は423万9500株、下限は379万3400株で、TOB後の所有割合は19％となるもよう。期間は本日から7月22日まで。経営陣との対話を通じ中長期的な企業価値と株式価値向上を支援、値上がり益や配当金を得ることが目的。

＜1433＞ベステラ　1033　+94

急伸。先週末に第1四半期の決算を発表している。営業利益は0.2億円で前年同期比0.5億円の損益改善となり、通期計画は従来の4.2億円から5億円、前期比2倍の水準に上方修正している。受注状況は過去最高水準で推移しているほか、スクラップ取引の上振れも利益の押し上げに寄与するもよう。また、株主還元方針の変更も発表しており、累進配当を導入するとしていることもポジティブ材料に。

＜9678＞カナモト　2989　+424

急騰。先週末に上半期の決算を発表、営業利益は61.9億円で前年同期比16.2％増となり、従来予想の59億円を上回る着地に。第1四半期は29.9億円、同3.6％減と減益決算であったため、2-4月期の想定以上の収益改善をポジティブに捉える動きが優勢に。据え置きの通期計画141億円、前期比17.9％増の上振れも意識される形に。建設機械のレンタル需要は堅調さを取り戻しているとしている。

＜9692＞シーイーシー　2055　+264

急伸。発行済み株式数の5.95％に当たる200万株、30憶円を上限とする自己株式の取得実施を発表。取得期間は本日から12月31日まで。取得した全株式を消却する計画。資本効率の向上と株主への利益還元の拡大を図ることを取得目的としている。高水準の自社株買いによる当面の需給期待が先行へ。なお、同時に発表した第1四半期決算は、営業利益が19.2億円、前年同期比4.2％増と増益スタートになっている。

＜4996＞ Kumiai transformation 788 +23

Significant continued growth. Financial results for the first half of the year were announced last weekend, and operating profit was 8.83 billion yen, down 30.3% from the same period last year, but earnings revisions were announced on the 4th, so surprises are limited. The full-year forecast was also revised downward from 12 billion yen to 10 billion yen at that time. Sales of pesticides and agrochemical-related businesses were sluggish both domestically and internationally. However, an increase in the year-end dividend was announced last weekend, raised from 18 yen to 20 yen, and the annual dividend is 30 yen, a reduction of 15 yen from the previous fiscal year. As a rebound for stock prices that are in the low range.

＜9072＞ Nikon HD 3955 +24.5

backlash. It was announced that sales will be carried out by 3 major shareholder companies, such as Hino Motors. The number of shares sold is 2,124,800 shares, and the sale price will be determined between the 17th and the 19th. Short-term deterioration in supply and demand was feared in the morning, and year-to-date lows were updated. However, in addition to a sharp downward reaction, the announcement of implementation of treasury stock acquisitions with an upper limit of 1.3 million shares and 3 billion yen, which is 2.06% of the number of issued shares, is also supporting material. Note that the acquisition period is from 7/1 to 12/30.

＜3903＞ gumi 341 -5

The sharp decline continued. Financial results for the fiscal year ending 24/4 were announced on the previous business day, and operating profit and loss were in deficit of 5.04 billion yen, and profit and loss deteriorated by 5.49 billion yen compared to the previous fiscal year. Sales of “Astarta” fell far short of expectations, and significant losses were recorded in the mobile online game business. The recording of impairment losses of approximately 2.8 billion yen also resonates. The annual dividend, which had been undecided, is also undistributed (5 yen distribution for the previous fiscal year). Furthermore, it has been announced that original titles will not be developed in the future, and that personnel arrangements for approximately 80 people will be carried out.

＜3854＞ Isle 2319 -211

A sharp decline. Financial results for the 3rd quarter were announced last weekend, and cumulative operating income was 3.27 billion yen, up 23.8% from the same period last year, and the full-year forecast was revised upward from the previous 4 billion yen to 4.25 billion yen, an increase of 19.8% from the previous fiscal year. The annual dividend plan will also be raised from 34 yen to 40 yen. However, since the upward landing in the first half of the year, there have been few surprises in the current correction range, which seems to have led to a sense of exhaustion. It seems that the yield advantage is limited even when it comes to dividend increase announcements.

＜9552＞ M&A Research Institute 3450 -455

Plummeting. Today, in addition to the company, M&A-related companies such as Strike, M&A Capi, and Japan M&A are all at the top of the decline rate. The online edition of the monthly magazine reported “strengthening homecoming to M&A intermediaries.” According to that, along with the headline “M&A intermediaries 'death sentence',” it was pointed out that while there are almost no regulations on M&A intermediaries, troubles surrounding business succession of small and medium-sized enterprises continue to occur. It is said that the Small and Medium Enterprise Administration will embark on strengthening regulations such as brokerage fees this fall as well.

＜3657＞ Paul HD 483 +23

Significant continued growth. Financial results for the first quarter were announced last weekend, and operating profit and loss were in deficit of 120 million yen, and profit and loss deteriorated by 420 million yen compared to the same period last year. However, losses have shrunk from the deficit of 270 million yen in the previous quarter. According to the company's initial plan, it seems that losses were expected to expand compared to the previous quarter. Along with awareness that earnings have bottomed out, it seems that an increase in the first half of the year is also expected. It has led to materials for reviewing stock prices that had been moving in the low price range.

＜6736＞ Sun Electronics 4390 +700

The stop is high. It was revealed in today's notification that the US investment company Truewind Capital will implement TOB. The TOB price is 4,400 yen, and the premium compared to last weekend's closing price is around 19%. The planned number of shares to be purchased is 4,239,500 shares, the lower limit is 3,793,400 shares, and the ownership ratio after TOB is likely to be 19%. The period is from today until 7/22. The purpose is to support medium- to long-term increases in corporate value and stock value through dialogue with management, and to obtain profit from price increases and dividends.

＜1433＞ Vestella 1033 +94

rapid expansion. Financial results for the first quarter were announced last weekend. Operating income was 0.2 billion yen, an improvement of 50 million yen compared to the same period last year, and the full-year plan was revised upward from the previous year's 420 million yen to 500 million yen, double the level of the previous fiscal year. Order acceptance has remained at a record high level, and an increase in scrap transactions also seems to contribute to boosting profits. In addition, changes to the shareholder return policy have also been announced, and the fact that progressive dividends will be introduced is positive material.

＜9678＞ Kanamoto 2989 +424

skyrocketing. Financial results for the first half of the year were announced last weekend, and operating profit was 6.19 billion yen, up 16.2% from the same period last year, which exceeded the previous forecast of 5.9 billion yen. Since the first quarter was a profit decline of 2.99 billion yen, down 3.6% from the same period, movements that positively grasped profit improvements above expectations for the February-April fiscal year prevailed. The unchanged full-year plan of 14.1 billion yen, an increase of 17.9% from the previous fiscal year is also being recognized. It is said that demand for construction equipment rental is regaining strength.

＜9692＞ CEC 2055 +264

rapid expansion. We announced the implementation of treasury stock acquisitions of 2 million shares, which is 5.95% of the number of issued shares, with an upper limit of 3 billion yen. The acquisition period is from today until December 31. The plan is to write off all shares acquired. The purpose of the acquisition is to improve capital efficiency and expand return of profits to shareholders. Immediate supply and demand expectations due to high levels of share buybacks are ahead. Furthermore, in the first quarter financial results, which were announced at the same time, operating income started to increase with 1.92 billion yen, up 4.2% from the same period last year.

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サン電子、カナモト、シーイーシーなど

San Electronics, Kanamoto, Sea and others.

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