<9793> Daiseki 3585 -65.
Despite initial buying, the stock kept falling. The company announced its Q1 results the previous day, with operating profit decreasing by 0.7% YoY to JPY 3.91 billion. However, the H1 plan remained the same at JPY 6.7 billion, down by 13.5% YoY. This led to a surge in buying activity, as investors viewed the results as better than expected. The company seems to be benefitting from the effects of share allotments due to newly acquired factory transactions, although the end of the previous year’s large-scale soil contamination treatment projects affected its soil contamination handling business negatively.
<8306> Mitsubishi UFJ 1811 +62.
The stock surged significantly today, with finance sectors such as insurance, securities, and banks displaying strong upward momentum. The rise in long-term interest rates in the US has led to the factoring in of Trump's return to power and an expected surge in inflation and fiscal deficit. Additionally, yields on 10-year government bonds have increased daily in Japan. The Bank of Japan's hawkish policies are concerning investors amid the ongoing depreciation of the yen. The Ministry of Finance raised the bond rate to 1.1% for the 10-year government bonds (375th offering), bringing them to under 1% for the first time in approximately 12 years.
<1946> Toenec -600.
The stock experienced a sharp decline due to the announcement of a sale of 1,217,400 shares, as well as the implementation of an oversubscription allotment sale of 182,600 shares. Chubu Electric Power, the largest shareholder, will be the seller. The sale price will be determined between July 8 and 11. The company's ownership rate is expected to decrease from 51.88% to 45.35% due to this sale. The market fears potential negative impacts on supply and demand in the short term. The company also announced a share buyback of up to 10 billion yen, no more than 0.75% of its total issued shares.
<2749> JPHD 573 +33.
The stock rebounded significantly today, with SBI Securities initiating coverage with a buy rating and a target price of JPY 730. They analyzed that revenue would expand in the future due to organic growth, M&A and business alliances that would lead to the expansion of business segments, overseas business expansion, and entry into new businesses. Profitability is also expected to improve due to marketing and differentiation strategies, the promotion of new contracted projects for after-school clubs and employee placement. In addition, catalysts such as the government's 'extraordinary measures for addressing low birth rate' are also under consideration.
<1712> Daiseki S 1031 +29.
The stock rebounded significantly today after the announcement of its Q1 results the previous day, which showed a 37.7% YoY decrease in operating income at JPY 560 million. However, the H1 plan stayed the same at JPY 1.05 billion, so the negative surprise effect was limited. This allowed investors to focus more on the upside potential. The massive waste burial and soil contamination removal project at large scale plants that led to the company's performance last year has been completed, and while the large-scale plant waste removal consultation project has reached a turning point in the Kansai area, the resource recycling business continued to expand.
<7965> Zojirushi Mahobin 1503 -56.
Significantly down. The interim financial results were announced the day before, and operating profit decreased by 2.4% compared to the same period last year to 4.37 billion yen. The first quarter was the same, and the full-year forecast remains at 5.2 billion yen, a 4.0% increase over the previous year. An increase in selling and administrative expenses and negative effects of foreign exchange are likely affecting the result. The company announced a share buyback program outside the market and has bought 2,098,600 shares today, with 2.5 million shares being the upper limit on shares outstanding to implement the program.
<6036> Keeper Giken 3750 -320.
The stock plummeted significantly today, with Tokai Tokyo Securities lowering its investment rating on the company from "outperform" to "neutral" while dropping its target stock price from JPY 6,500 to JPY 4,150. This is believed to reflect a slowdown in existing Keeper Lab store income growth and a decrease in the number of newly sold domestic vehicles. They have also lowered their expected operating income for the fiscal year ending June 2025 from JPY 7.56 billion to JPY 6.93 billion. For the company's share price to improve, it will need to show that existing stores have potential for further growth and provide a bullish announcement regarding product sales to new car dealerships.
<6856> Horiba Seisaku 13195 +410.
Significantly up. Jefferies Securities upgraded its investment rating from 'hold' to 'buy' and increased the target stock price from 15,000 yen to 16,000 yen, citing a revaluation of the low price-to-earnings ratio and a recovery of the semiconductor market and reconsideration of foreign exchange rates. The operating profit for the fiscal year ending in December 2024 is estimated to be 52.5 billion yen, an 11.0% increase from the previous expectation of 50.8 billion yen.
<3186> Nextage 2200 -214.
Significantly down. Interim financial results were announced the previous day, and the operating profit decreased by 2.6% from the same period last year to 7.8 billion yen. The results for the period from March to May decreased by 10.5% from the increase of 25.2% in the first quarter. The full-year forecast remains at 20.0 billion yen, a 24.3% increase over the previous year but the progress is lagging behind compared to the previous term. Some also point out the increasing staff turnover, which is leading to a deterioration in gross profit related to incidental revenue.
<2975> Star Mica Holdings 670 +31.
Significantly up. The interim financial results were announced the day before, and the operating profit increased by 2.3% from the same period last year to 2.87 billion yen, exceeding the previous estimate of 2.52 billion yen. This result was achieved by converting a 9.0% decrease in the first quarter into an increase. Rental revenue and increased sales units have boosted the gross profit of the renovation condominium business, and the investment and advisory businesses are also making steady progress. The full-year forecast remains at 50.3 billion yen, a 3.8% increase over the previous year.