<2802> Ajinomoto 5223 -427

Significant decline. The first quarter financial results were announced on the previous day, and business profits increased by 0.5% compared to the same period last year, reaching ¥43.1 billion. Due to the expansion of strategic expenses and increased brand investment, condiments, food, and frozen foods have all declined. Healthcare has increased, but the recovery of CDMO and pharmaceutical amino acids was limited. Significant expectation of upward revision compared to company plan is believed to be retreating.

<2801> Kikkoman 1744 +300

Limit up. The first-quarter financial results were announced on the previous day, and business profits increased by 17.9% compared to the same period last year, reaching ¥21.9 billion. This is a smooth progression towards the full-year forecast of ¥74 billion, a 0.8% increase compared to the previous year. Overseas soy sauce sales, including in Europe and the United States, are said to be doing well. The increase in sales of European soy sauce has reached 35.2%. As the sensitivity to exchange rates is relatively high, a rapid pause in the yen's appreciation is also expected to support materials.

<2371> Kakaku.com 2024 +400

It rose to limit up in the afternoon. First-quarter financial results were announced after the morning session. Operating profits increased by 34.9% year-on-year, reaching ¥6.98 billion. This is a good progress towards the fixed upper half-year plan of ¥12.8 billion, an increase of 13.3% over the same period. The food log segment is leading the way with an increasing number of contracted stores for restaurant advertisements and reservations, as well as record-breaking online reservation numbers. Other segments are also profitable.

<4927> POLA OR HD 1363 -32

Significant decline. The first half financial results were announced the day before, and operating profit decreased by 18.4% year-on-year to 7.32 billion yen, and the full-year estimate was revised downward from the previous estimate of 17.9 billion yen to 14.5 billion yen, a decrease of 9.8% from the previous period. The consensus level that expected the company's planned lower level has also fallen below. The decline of the Pola brand is said to be the main reason for the downward revision. Despite the firmness of the domestic commodity market, domestic sales are sluggish, and negative views are dominant.

<8012> Nagase san 3029 +500

Limit up. The first-quarter financial results were announced on the previous day, and business profits increased by 54.3% compared to the same period last year, reaching ¥10.7 billion. This is a good progress towards the full-year forecast of ¥36.5 billion, a 19.2% increase compared to the previous year. All five segments are profitable, and the increase in functional material profits was particularly significant due to increased sales of electronic industry materials such as paint ingredients and semiconductors. The performance is now being viewed as exceeding expectations.

<5393> Nichias 4625 +700

Limit up proportional distribution. The first-quarter financial results were announced on the previous day, and operating profits increased by 38.0% compared to the same period last year, reaching ¥10.5 billion. The first-half forecast has been revised upwards from the previous estimate of ¥17 billion to ¥19 billion, and the full-year forecast has been increased from ¥37 billion to ¥39.5 billion, a 12.2% increase over the previous year. The upward revision is due to the good performance of the plant construction and sales department and the high-performance product department. There is a growing positive perception of the higher-than-expected increase in profitability.

<8114> Descente 4065 +700

Limit up proportional distribution. The ITOCHU Group's BS Investment announced that it will conduct a TOB, and it has expressed its approval and recommendation for application. The TOB price is ¥4,350, which is a 29.3% premium over the previous day's closing price, and this TOB is reportedly intended to privatize the company. There is a move to reach the TOB price. It is expected that it will take some time to respond to Japan and China's competition law, and the TOB is expected to begin in early November.

<5631> Nippon Steel Industries 3722 +700

Limit up proportional distribution. The first-quarter financial results were announced on the previous day, and operating profits increased by 54.9% compared to the same period last year, reaching ¥4.27 billion. This is a good progress towards the full-year forecast of ¥20 billion, an 11.0% increase compared to the previous year, since materials made from metals and engineering are thought to have exceeded the company's plan. While orders for equipment for lithium-ion batteries have declined by double digits compared to the same period last year, orders for railguns for the Ministry of Defense and other items since the beginning of the period reportedly met the initial plan.

<6622> Daihen 6490 +1000

Stop high proportion allocation. The first quarter financial results were announced the day before, with operating profit of 0.9 billion yen, a year-on-year increase of 16.3%. As the first half of the year is expected to decline by 11.3% to 4.5 billion yen, which is a two-digit decline in profit, the opening seems to be evaluated more than expected. Despite the expansion of investment and the amortization of goodwill due to mergers and acquisitions, domestic investment in distribution equipment and overseas large transformers updated investment tend to be strong, and The result seems to have secured a double-digit increase in profits, including M&A effects.

<6088> Sigma Xis 1435 +300

Stop high proportion allocation. The first quarter financial results were announced the day before, with operating income of 1.32 billion yen, an increase of 22.5% year-on-year, and a smooth progress against the annual plan of 5.25 billion yen. Customer support projects centered on transportation, finance, information and communications, trading, retail, and manufacturing are leading. In addition, it seems that a share buyback of up to 1.2 billion yen and 1 million shares, which corresponds to 2.28% of the issued shares, was newly announced, which will be a part of the over-the-counter trading. The acquisition period starts from August 22nd.