<4188> Mitsubishi Chemical G 850.7 +13.7
Continuing to rise. SMBC Nikko Securities has upgraded its investment rating from "2" to "1", and has raised its target stock price from 960 yen to 1,000 yen. It is expected that the share price decline since the announcement of the change in company president is excessive and that performance improvement and re-growth will be achieved by management decisions made with a sense of urgency. In the short term, performance higher than the company plan is expected for MMA and ALS therapeutic drug Rajikavu. The company also sees the possibility of significant performance improvement for specialty materials through selection and concentration.
<2702> McDonald's 6200 +80
Rebound. Today, while the Nikkei average was weak, the Standard Index and Growth Index were firm. Japan Exchange Group announced a new reform proposal for TOPIX, aiming to reduce the number of listed stocks to around 1,200 and incorporate growth companies. It is expected that about 50 new stocks will be added from the Standard Market and Growth Market. Attention seems to be focused on the company, such as Japan Exchange Group, which currently has the highest market capitalization in terms of floating shares in the two markets.
<5844> Kyoto FG 2739 +78
Marked increase. Reports that the company aims to generate 50% of its revenue from "non-bank" sources have been circulating. Kyoto Capital Partners, launched in 2023, aims to be the largest venture capital fund from a regional bank, with a target of increasing the total assets under management to 117 billion yen by 2030, seven times higher than the current total. Its strategy is to invest in start-ups and business succession, targeting promising companies such as those from Kyoto University. These moves are expected to lead to the establishment of a solid earnings base through an active M&A strategy.
<3591> Wacoal Holdings 4515 +143
Marked increase. According to the amended report submitted the previous day, the shareholding ratio of 3D Investment has increased from the previous 5.13% to 6.19%. In the large shareholding report submitted on June 11, it was revealed that the company had become a major shareholder with 5.13% of the shares. Since then, it appears that the company has continued to acquire shares. The purpose of the shareholding is to make purely financial investments and to provide advice, important suggestions, and other related acts to management depending on the situation.
<6871> Micronics 6500 +480
Marked increase. The previous day, Marusan Securities gave the stock a new "buy" rating and set a target price of 9,500 yen. It expects medium-term and long-term earnings expansion due to an increase in demand for probe cards, and believes that the current share price is undervalued based on the p/e ratio. It notes that past performance shows that exceeding the upper limit of the range, a p/e ratio of 30, is a permissible level. It seems that the operating profit for the period ending in December 2024 is expected to reach 12.2 billion yen, 2.3 times higher than the previous year, and the operating profit for the period ending in December 2025 is expected to be more than 40% higher.
<9072> Nichicon Holdings 3452 +374
Significant increase. Today is the delivery date for the offering of shares. The number of shares offered is 2,124,800 shares, and the offering price is 2,898 yen. Short positions are believed to have increased in anticipation of short-term supply and demand deterioration, but with no apparent deterioration of supply and demand, buying back is urgently needed. In the future, the acquisition of treasury stock will also start with a limit of 1.3 million shares, or 2.06% of the issued shares, as the acquisition period from July 1 to December 30.
<6707> Sanken Electric 7253 +739
Marked rebound. According to the amended report submitted the previous day, the holding ratio of Effissimo Capital has increased from the previous 19.16% to 20.18%. Effissimo is said to be an investment company affiliated with the former Murakami fund, and its purpose of holding shares is purely for financial investment purposes. This is reportedly the first time that Effissimo has increased its stake since the TOB. The move is expected to further fuel speculation, including the possibility of interest in U.S. subsidiary Allegro Microsystems.
<4544> HU Group 2348.5 -123.5
Marked decline. Morgan Stanley MUFG Securities has downgraded its investment rating from "overweight" to "equal weight" and lowered its target stock price from 3,100 yen to 2,500 yen. It appears that the downward trend in sales related to the coronavirus has resulted in a downward revision of its performance forecasts. The fact that results for the previous period were well below expectations means even with expected improvements to the LTS business this year, it is unlikely to reach its prior forecast. The operating profit for the year ending March 2025 is expected to be 3.7 billion yen, compared to a company plan of 10.0 billion yen.
Trading Works 963 +150
Trading limit high proportional allocation. It has announced a capital business alliance with SCSK. In fact, 128,000 shares (3.72% of the issued shares) will be allocated to SCSK by third-party allotment of its own shares. After purchasing these shares, SCSK plans to add approximately 79,000 shares through market purchases as the partnership deepens. The content of the business alliance includes the development and sale of securities total systems and individual systems, sharing of knowledge and know-how, and personnel exchanges.
<2323> Fonfun 822 +30
Buy is in favor. It has been announced that the company has decided to acquire all the shares of selfree LLC, which operates the enterprise cloud telephone system "CallConnect", and make it a wholly-owned subsidiary, as well as borrowing funds. From the good market environment of business cooperation and cloud telephone systems, it seems that they expect to bring early stable and positive effects to their performance. Regarding fundraising, they mentioned that equity finance is not planned.