＜3182＞ Oisix 1192 -92

A sharp decline. First quarter results were announced the day before. Operating income was 1.25 billion yen, up 13.4% from the same period last year, but the progress rate against the full-year plan of 7 billion yen and a 36.1% increase from the previous fiscal year remained at 17.8%, which seems to be viewed as weak. EBITDA was 2.64 billion yen, up 57.2% from the same period, and in addition to the effects of making the SHIDAX Group a consolidated subsidiary, it is trending above the initial plan due to work efficiency improvement effects, but the increase in depreciation and amortization expenses is a burden on operating income.

＜4071＞ plus alpha 1552 -310

Plummeting. Financial results for the 3rd quarter were announced the day before, and cumulative operating income was 3.11 billion yen, up 21.1% from the same period last year. However, in the April-6 fiscal year, it was 0.94 billion yen, up 9.9%, and the profit rate has slowed, so surprises are limited, and it seems that a sense of exhaustion takes precedence. In the April-6 fiscal year, spot sales such as consulting were sluggish due to seasonality, and it seems that marketing expenses also increased due to concentration of exhibitions, etc.

＜4053＞ Sun Asterisk 680 -150

Stop cheap. Financial results for the first half of the year were announced the day before, and operating profit was 0.73 billion yen, down 15.6% from the same period last year. There was a 19.7% increase in the first quarter, but the April-6 fiscal year completely reversed and turned into a drastic decline of 59.0%. There is a view that the obstacles to achieving the unchanged full-year plan of 2.16 billion yen, an increase of 21.8% from the previous fiscal year have increased. In addition to an increase in labor costs for sales and management expenses, it seems that negative factors due to the depreciation of the yen have also resonated.

＜4324＞ Dentsu Group 4250 +380

Massive backlash. Financial results for the 2nd quarter were announced the day before, and operating income for the April-6 fiscal year was 11.2 billion yen, which turned into a surplus from a deficit of 4.3 billion yen in the same period last year, but the consensus of about 19 billion yen declined due to impairment records. The full-year forecast was revised downward from the previous 135.4 billion yen to 107.1 billion yen. Impairment records and increases in related expenses associated with business transfers, etc. However, the organic growth rate of gross profit grew positively for the first time in 6 quarters in the April-6 fiscal year, and improvements in business momentum were positively evaluated.

＜3197＞ Skylark 2128.5 +135.5

Significant continued growth. Financial results for the first half of the year were announced the day before, and operating profit was 12 billion yen, 4.2 times the same period last year, and the full-year forecast was revised upward from the previous 15 billion yen to 24 billion yen, 2.1 times the previous fiscal year. The market forecast seems to have been around 19 billion yen. While eating out consumption continues to be going well, it seems that the price revision effect in April has increased more than expected. The annual dividend will also be raised from the previous plan of 10 yen to 17.5 yen, and dividends will increase by 10.5 yen compared to the previous fiscal year.

＜4180＞ Appier 1414 +110

Significant continuous growth. Financial results for the first half of the year were announced the day before, and high growth continued, with EBITDA of 1.81 billion yen, up 93.5% from the same period last year, and 1.07 billion yen for the April-6 fiscal year, up 95.5% from the same period. The performance of Northeast Asia, the United States, and EMEA is strong, and profitability has improved drastically, and it seems that plans have been exceeded. In addition, it was announced that a stock buyout will be implemented with an upper limit of 1 million shares and 1 billion yen, and the acquisition period is from 9/1 to 12/31. This is the first time the company has implemented shareholder returns.

＜9468＞ Kadokawa 2856.5 +302.5

rapid expansion. Financial results for the first quarter were announced the day before, and operating profit was 6.03 billion yen, up 84.5% from the same period last year, and market expectations were shaken by about 1 billion yen. Despite being negatively affected by cyber attacks, the main publishing and IP creation business expanded. The full-year forecast has been revised downward from the previous 16.5 billion yen to 15.6 billion yen, a 15.5% decrease from the previous fiscal year, but the range of revisions has also remained limited, and it seems that the sense of running out of bad materials is intensifying.

＜7747＞ Asahi Intec 2254.5 +108.5

Significant continued growth. Financial results for the fiscal year ended 24/6 were announced the day before. Operating profit was 22.1 billion yen, up 22.8% from the previous fiscal year. Until the third quarter, there was a 19.7% increase compared to the same period last year, and the profit rate expanded slightly. Also, the fiscal year ending 25/6 is expected to be 25.2 billion yen, an increase of 13.9% from the previous fiscal year, and the overseas medical division is expected to take the lead. Although the current fiscal year plan is at the same level as market consensus, the company's guidance is seen as conservative, and it seems that the evaluation is higher than expected as an initial plan.

＜3660＞ iStyle 460 +68

skyrocketing. Financial results for the fiscal year ended 24/6 were announced the day before, and operating profit was 1.94 billion yen, 2.4 times the previous fiscal year, and landed above 1.7 billion yen, which was revised upward at the time of the 3rd quarter financial results. Also, the fiscal year ending 25/6 is 2.4 billion yen, which is expected to increase 23.7% from the same period. It also seems that they are expecting an increase in profits from the marketing support business and an improvement in profits from the global business by focusing on BtoB services. As a medium-term business target, we aim for operating profit of 8 billion yen around fiscal 28-29.

＜7383＞ NetPro HD 237 +50

Stops are highly proportional. First quarter financial results were announced the day before. Operating profit was 0.27 billion yen, turning into a surplus from a deficit of 0.35 billion yen in the same period last year. Incidentally, the forecast for the first half of the year was revised upward from the previous deficit of 0.24 billion yen to a surplus of 0.32 billion yen, and from 0.52 billion yen to 1.08 billion yen for the full year, respectively. It is said that an improvement in the unpaid rate was realized earlier than expected due to the progress of credit improvement measures, and the reduction in the SG&A fee ratio was also carried out at an earlier timing than expected due to investment effects in strengthening the system.