＜3099＞ Mitsukoshi Isetan 3528 +250
Significant continuous growth and high price updates. SMBC Nikko Securities continues to make investment decisions “1,” and has raised the target stock price from 2700 yen to 3800 yen. It also seems that earnings forecasts have been revised upward due to an increase in performance for the fourth quarter of the previous fiscal year, an increase in duty-free sales assumptions, etc. Operating profit for the fiscal year ending 25/3 was raised from 57.1 billion yen to 78.7 billion yen, and it is expected to significantly exceed market expectations of around 62 billion yen. Also, it seems that the fiscal year ended 26/3 was revised upward from 58.2 billion yen to 81.2 billion yen.
＜6525＞ KOKUSAI 5610 +580
Significant continuous growth and high price updates. South Korea's Samsung Electronics has announced financial results bulletins for the fiscal year ending April-6 months. Operating profit for the April-6 fiscal year was 10 trillion400 billion won, which seems to have greatly exceeded the market forecast of 8 trillion 300 billion won. The profit rate is also large for the first time in years. Good financial results reflect a recovery in demand for memory chips. The company is positioned as having strengths for Samsung Electronics among domestic semiconductor manufacturing equipment manufacturers, and positive responses spread.
＜1911＞ Sumitomo Hayashi 5327 +181
Significant continued growth. SMBC Nikko Securities has upgraded investment decisions from “2” to “1,” and the target stock price has also been raised from 6,000 yen to 6400 yen. Solid demand for American housing continues, and it seems that strong profit growth will continue in the future. Meanwhile, at the moment, stock prices have been adjusted due to awareness of the risk of housing demand deceleration due to high US interest rates, and it seems that they have determined that the sense of undervaluation has increased in terms of valuation levels such as PER. Note, there is also a possibility that the full-year forecast will be revised upward when financial results for the first half of the year are announced.
＜2809＞ Kewpie 3400 +236
Significant continued growth. Financial results for the 2nd quarter were announced the day before, and operating income for the fiscal year ending March to May was 10.7 billion yen, 2.1 times higher than the same period last year, which greatly exceeded market expectations of around 9 billion yen. Incidentally, the full-year forecast was revised upward from the previous 31 billion yen to 34 billion yen, an increase of 72.6% from the previous fiscal year. Overseas sales continued to be strong due to new introductions to major distributors in North America. Also, stable trends for domestic commercial use and the effects of declining prices of major raw materials are the background for good performance.
＜3549＞ Kusuri no Aoki 2906 +0.5
Growth is sluggish and they are getting along. Financial results for the fiscal year ended 24/5 were announced the day before, and operating profit was 18.6 billion yen, up 21.4% from the previous fiscal year, and the market forecast was off by about 0.5 billion yen. Meanwhile, for the fiscal year ending 25/5, the same 35.2% increase was 25.1 billion yen, and although a significant increase in profit is expected, it falls below the market consensus of about 26 billion yen, and it seems that there are movements that view it as negative. However, existing stores got off to a good start in June, and it seems that there are still views that the company plan is conservative.
＜9948＞ Arcs 2674 -212
It hit a year-to-date low due to a sharp decline. Financial results for the first quarter were announced the day before, and operating profit was 3.87 billion yen, down 2.8% from the same period last year. The unchanged plan for the first half of the year was 8.2 billion yen, up 3.3% from the same period, and it seems that delays in progress are being viewed negatively. The gross profit margin declined slightly due to sluggish growth in the number of existing store customers, etc., and it also seems that labor costs and an increase in sales costs due to changes in the point return system also had an impact.
＜8016＞ Onward HD 580 -45
A sharp decline. Financial results for the first quarter were announced the day before, and operating profit was 5.07 billion yen, down 5.7% from the same period last year. Although the progress rate is high compared to the unchanged plan of 5.5 billion yen for the first half of the year and a 9.5% increase, there is strong seasonality in business results, and movements that view profit decline settlement as negative take precedence. The gross profit margin declined due to planned optimization of product inventory levels, and it also seems that earnings from overseas businesses deteriorated as Joseph's business struggled mainly in the wholesale business.
＜2931＞ Euglena 557 49
Significant continued growth. Through joint research with NTT, it has been announced that they have established the world's first technology to improve the variety of algae by neutron irradiation. It seems that they have succeeded in increasing the amount of oil and fat produced as biofuel raw materials by up to 1.3 times. It is expected that it will be widely used to resolve climate change issues in the future. Towards pioneering developments, such as the view that it will lead to increased fuel utilization by Euglena.
＜2303＞ Dawn 2149 +91
Massive backlash. It has been announced that they will form a business alliance with the EXEO Group and a capital and business alliance with Tiwaki. The EXEO Group handles consulting and system construction related to communication, electricity, civil engineering, and IT solutions, and has a track record in local governments and government offices. In addition, Tiwaki is involved in high-speed, compact AI cameras, etc. equipped with edge devices, and the company plans to become the largest shareholder of over 50% by undertaking preferred shares and CBs. Towards a form leading to growth expectations for crime prevention solutions.
＜2437＞ Shinwa 387 -80
Stop cheap. Shinwa Prive, which is a consolidated subsidiary, announced that there is a suspicion of sales recording that is different from the actual situation due to improper accounting processing relating to private sales from around the fiscal year ending 21/5 to the fiscal year ending 24/5. In addition to establishing a third party committee for factual investigations, etc., it is said that financial results announcements for the fiscal year ending 24/5, which were scheduled to be announced on 7/12, will also be postponed. The movement of disposal sales has been hastened due to a growing sense of uncertainty about the future.