<5401> Nippon Steel 3202 +10

Rebound. Business profit for the first quarter announced the day before was 237 billion yen, down 4.7% compared to the same period last year. The full-year forecast has been revised upward from the previous 650 billion yen to 700 billion yen, a decrease of 19.5% compared to the previous period. Besides covering the domestic demand decrease by exports, the maintenance of a high spread in related fields is also an upward factor. The upward revision in a tough environment is viewed positively. Moreover, although the planned annual dividend of 160 yen remains unchanged, the reduction risk has also receded, leading to a sense of security.

<5201> AGC 4751 -452

Significant decline. The first-half operating profit was 56.7 billion yen, down 11.9% compared to the same period last year, falling short of the previous plan of 60 billion yen. The full-year forecast has been revised downward from the previous 150 billion yen to 130 billion yen. The background is that there is an expectation of a significant decrease in the expected sales volume and an increase in costs in the biopharmaceutical CDMO business.

<2222> Suntory Spirits 1594 -247

Plunging. The operating profit for the first quarter announced the day before was 3.4 billion yen, up 12.1% year-on-year. Although it is considered that it is making steady progress towards the full-year plan of 17.5 billion yen, the consensus for the full year is above the company's plan, and it was perceived as slightly below the market's expectations, taking into account the past price increases. It is also expected that the rapid reversal of the yen appreciation at this time will also be a factor in suppressing the expansion of inbound demand, leading to a sense of exhaustion in the short term.

<9064> Yamato Holdings 1650 -144

Significant decline. The loss on operating income was 14.2 billion yen in the first quarter announced the day before, which worsened by 15.8 billion yen compared to the same period last year. Although the handling quantity increased, the decrease in unit prices mainly for corporations had a significant impact. Although the sales forecast for the full year has been revised downward, the operating profit remains at 50 billion yen, an increase of 24.8% compared to the previous period. They are anticipating the effects of price recovery and cost control strengthening, but the situation remains uncertain.

<8601> Daiwa Securities 998.6 -231.9

Plunging. The ordinary profit for the first quarter announced the day before was 37.7 billion yen, up 4.6% year-on-year, but the market forecast was below 10%. Stock trading, investment, and real estate earnings were sluggish, and the losses in the European and American M&A departments also expanded. Since Nomura Holdings had announced good financial results earlier, the reaction to expectations has been strong. In addition, today, the Nikkei Average temporarily plunged more than 2000 yen, which is also a factor in selling securities sectors.

<8035> Toshiba Electronic Devices & Storage 27055 -3685

Plunging. The decline in major semiconductor companies such as the company, KOKUSAI, and SCREEN is significant. Due to the worse than expected decline in the ISM manufacturing index, concerns about economic decline have intensified in the United States, and the US stock market has fallen significantly. In particular, the SOX index has fallen more than 7%. Intel, which announced a 15% reduction in its workforce and a suspension of dividends from the fourth quarter, has also fallen about 20% after hours. It seems that the situation for domestic semiconductor-related stocks is also declining overall.

<3110> Nippon Synthetic Chemical Industry 5270 -340

Significant decline. The operating income was 3.91 billion yen in the first quarter announced the day before, an increase of 4.4 times compared to the same period last year, and the first-half forecast was revised upward from the previous 5.8 billion yen to 7 billion yen, and the full-year forecast was also revised upward from 12.5 billion yen to 15 billion yen respectively. This is mainly due to the upward revision of the outlook for the electronic material business. It was dragged down by the overall deterioration of the situation affected by the general decline.

<9766> Konami Holdings 11420 +315

Sharp rebound. The company announced the first quarter results the previous day, with operating profit increasing 46.6% from the same period of the previous year to 25.1 billion yen, greatly exceeding the market expectation of 21 billion yen. It seems that the expansion of users of the item-billing type soccer game "eFootball" in Southeast Asia and South America, and the contribution of 25th anniversary related products have expanded sales of "Yu-Gi-Oh!" beyond expectations, leading to better than expected performance.

<2282> Nippon Ham 5053 +330

Sharp rebound. The company announced the first quarter results the previous day, with operating profit increasing 20.0% from the same period of the previous year to 14.6 billion yen. In addition to expanding overseas business mainly in Australia, the processing business also contributed to increased profits due to unit price factors and cost reduction effects. Although the full-year forecast is maintained due to the uncertainty of the latter half of the meat business, the rise of the yen is also seen as a plus, and the situation is conscious of better performance.

<6632> JVC Kenwood 1010 +150

Stock price hit the daily limit. The company announced its first-quarter earnings the day before, with an operating profit of 6.02 billion yen, a year-on-year increase of 20.2% compared to the same period last year, and is progressing well towards the full-year plan of 18.2 billion yen. The sales of commercial radios in the public safety market in North America are strong, and the company has achieved significantly better than expected results overall. It is expected that sales will continue to be strong after the second quarter. The strong yen against the dollar is also expected to have a positive effect on performance, leading to a substantial improvement in performance beyond expectations.