Mitsukoshi Isetan <3099>: 3,485 yen (+207 yen)
Significant surge with record high. SMBC Nikko Securities continues to make a "1" investment judgment and has raised the target stock price from ¥2,700 to ¥3,800. The revised upward performance forecast is likely due to an upward trend in tax-free sales and a higher-than-expected performance in the fourth quarter of the previous fiscal year. It is estimated that the operating profit for the fiscal year ending March 2025 will be raised from ¥57.1 billion to ¥78.7 billion, which is significantly higher than the market's estimate of around ¥62 billion. It also seems that the forecast for the fiscal year ending March 2026 will be raised from ¥58.2 billion to ¥81.2 billion.
KOKUSAI <6525>: 5,480 yen (+450 yen)
Samsung Electronics from South Korea announced their earnings report for the April-June quarter. The operating profit for the quarter was ¥10.4 trillion, which significantly exceeded the market's forecast of ¥8.3 trillion. This is due to the strong growth in demand for memory chips, and Samsung Electronics is positioned as one of the strongest semiconductor manufacturing equipment suppliers domestically, which has had a positive effect on the market.
Sumitomo Forestry <1911>: 5,339 yen (+193 yen)
SMBC Nikko Securities has upgraded their investment status for Sumitomo Forestry from "2" to "1" and raised their target stock price from ¥6,000 to ¥6,400 due to strong and continued demand for US housing, which is expected to lead to a strong profit growth. However, at present, there is a risk of a slowdown in demand for housing due to the high US interest rates, and the stock price has adjusted accordingly, with a feeling of undervaluation in terms of P/E ratio, etc. They are also considering the possibility of upward revisions to their full-year forecast when they announce their earnings report for the first half of the year.
Euglena <2931>: 563 yen (+55 yen)
They have announced with NTT that they have established a technology for improving the variety of algae using neutron irradiation for the first time in the world. They have successfully increased the amount of oil production for biofuel raw materials by up to 1.3 times. It is expected to be widely used to solve climate change issues in the future. Optimism prevails regarding the expansion of Euglena's utilization of fuel, etc.
Kewpie <2809>: 3,348 yen (+184 yen)
Kewpie reported their earnings for the second quarter the previous day, with an operating profit of ¥10.7 billion for the April-June quarter, which was 2.1 times higher than the same period the previous year, and significantly exceeded the market expectations of approximately ¥9 billion. As a result, their full-year forecast has been upgraded from the conventional ¥31 billion to ¥34 billion, a 72.6% increase from last year. This is due in part to successful new introductions into major distributors in North America, and strong overseas sales. Additionally, stable progress in domestic sales for general use, and the drop in prices for key raw materials have all contributed to good performance.
Intem <7072>: 1,180 yen (+57 yen)
Intem surged in the market after announcing on the 4th that they have started a joint venture with Digram Lab and Lifenet Life Insurance to utilize generated AI (Artificial Intelligence) technology to improve customer communication in life insurance consulting. They have set up a content called "Personality Diagnosis Future Room" using the Open AI-based Generative AI "Digram 5 powered by GPT-4" that they co-developed with Digram Lab to be available on Lifenet Life's official LINE account. They aim to further improve communication with customers for life insurance consulting.
Jade G <3558>: 1,896 yen (+271 yen)
They reported it as preliminary results after confirming that the integration of Magaseek, which was consolidated as a subsidiary in March, was proceeding smoothly, and that the operating loss for March was 21 million yen (a loss of 20 million yen for the same period the previous year), an operating profit of 56 million yen (a loss of 7 million yen the previous year) for April, and an operating profit of 89 million yen (a profit of 6 million yen the previous year) for May. The concern that the profit decline trend in the disclosed operating profit level of Magaseek on February 29th would lead to no profit growth after the M&A has been dispelled.
JDSC <4418>: 702 yen (+16 yen)
They announced that they have been selected by the Ministry of the Environment as the first domestic technology demonstration public offering for the promotion of renewable energy technologies that enable simultaneous realization of nature-positive (natural reconstruction) and carbon neutrality. They will promote this together with Tokyu Real Estate, Ishikari Exterior, and Riene. This initiative is part of the CO2 reduction program for the Energy Strategy Special Account by the Ministry of the Environment, and aims to introduce efforts to perform appropriate vegetation management on the underside of solar panels in renewable energy business locations, and to increase the cooling of panel temperatures due to plant transpiration and to enrich the natural ecosystem around the facility.