<9932> Sugimoto Shoji 2774 +125

Significant gains. After the close of trading yesterday, it was announced that as of September 30, 2024, one share will be split into two shares, which seems to be a buying opportunity. The purpose is to improve the liquidity of the stock and further expand the investor base. The total number of issued shares after the stock split will be 22.79 million8474 shares. With the split, the year-end dividend for March 2024 will be 20 yen per share. This is equivalent to 40 yen before the split. The previous estimate was 35 yen, and the year-end dividend for the previous period was also 35 yen. It will effectively increase the dividend.

<9722> Fujita Kan 9020 +330

Rose significantly. At SBI Securities, the investment rating continues to be the highest level of 'buy' in a 3-stage evaluation, and the target stock price has been raised from JPY 8100 to JPY 10000. The company announced an upward revision of the fiscal year-end performance forecast for the second time this fiscal year at the time of the second quarter earnings announcement (August 8), following the announcement at the time of the first quarter earnings announcement (May 9). The company is a positive factor in its business performance due to its strong inbound demand, mainly in the WHG business, which has achieved higher-than-expected growth, through sales reinforcement overseas.

<6875> Megachips 4445 +305

Rose significantly. After the end of trading yesterday, the company announced that it will buy back its own shares worth up to JPY 4.5 billion, equivalent to 5.6% of the issued shares. The acquisition period is from August 21, the 24th year to March 31, the 25th year. We are committed to acquiring our own shares flexibly to improve capital efficiency and return it to shareholders. The number of own shares held as of July 31, the 24th year was 2.75 million 9802 shares.

<3440> Nicchu Pro 1109 +131

Rose sharply. Following yesterday's end of trading, the company has upwardly revised its earnings forecast for the fiscal year ending August 24th, and seems to be a buyer. Operating profit is expected to be JPY 1.335 billion (4.27 times the previous year). It was raised by about 13% from the previous forecast. The metal sandwich panel, data center project, and tile businesses are doing well and contributing to revenue. At the same time, the dividend forecast has also been upwardly revised. The year-end dividend (= annual dividend) will be 35 yen. The previous forecast was 30 yen and the previous year was 30 yen (including a commemorative dividend of 10 yen).

<3992> Niswell 303 -21

Dropped significantly. Last day, it announced a downward revision of its earnings forecast for the fiscal year ending September 24. Operating profit is expected to be JPY 1.212 billion, an increase of 10.1% from the previous year. It was lowered by about 15% from the previous forecast. We are aiming to improve employee morale and skills by raising salaries and share rewards by a real 7.5%, and developing our own solutions and services. At the same time, we announced a medium-term plan. The target for ordinary profit for the fiscal year ending in September 26 is JPY 1.7 billion (JPY 1.1 billion for the fiscal year ending in September 23).

<7616> Collowide 1874 -202.5

Fell sharply. An announcement was made the previous day about implementing new share issuances and stock sales. The selling pattern allowed for concerns about dilution of share value and demand-supply of share quantities. New share issuances through public subscription are 17 million shares. Exceeding allotment allows for up to 2.55 million shares to be sold. Issue/selling prices will be determined on either day between August 28 and September 3. Approximately JPY 36.7 billion total upper limit of obtained net proceeds used for M&A and group business expansions; unused portions go towards repayment of debts.

<2410> Career DC 1818 +126

Rose significantly. The company announced a revision of the dividend policy on the previous day, upwardly revising the dividend forecast for the fiscal year ending September 24. In the future, we will clearly state our policy of returning profits to shareholders, and set a target dividend payout ratio of 40% or more for ordinary dividend alone, implementing a continuous dividend payout while considering business trends and financial conditions. As a result, the year-end dividend (= annual dividend) for the fiscal year ending September 24 will be JPY 90. The previous forecast was 80 yen, and the previous year was 70 yen (including a special dividend of 5 yen and a commemorative dividend of 15 yen).

<6367> Daikin Industries 17695 -380

Fell sharply. At Daiwa Securities, the rating was changed from 'outperform' to 'hold', and the target stock price was lowered from JPY 30,000 to JPY 19,000. Due to the expected drop in demand in Europe and concerns about the use of coolants with global warming coefficients of 700 or more being banned from production and imports for air conditioning using them from January of next year, and distributors and their dealers being banned from selling and installing them from January of the following year in the United States.

<2354> YE Digital 762 +38

Marked rise. The company announced an upward revision of its financial estimates for the fiscal year ending February 2025 the previous day. Operating profit is expected to be ¥1.8 billion (an increase of 20.9% compared to the previous year). This is about a 12% increase from the previous estimate. The operating profit for the first quarter, announced on June 27, was ¥0.326 billion (an increase of 82.4% compared to the same period last year), thanks to increased sales of business DX and cost reductions. At the same time, the dividend estimate was also increased. The annual dividend is set at ¥20. The previous estimate was ¥16 and the annual dividend for the previous year was ¥12.

<9843> Nitori Holdings Co., Ltd. 20765 +590

Marked rise. The fact that the foreign exchange market is temporarily fluctuating by about 2 yen higher than the previous day's price, with the yen strengthening and the dollar weakening, has led to expectations for increased revenue. The appreciation of the yen is a plus for earnings, as the company imports products from overseas. This week, there are speeches by Bank of Japan Governor Kuroda on the 23rd and a speech by Jerome Powell, Chair of the Federal Reserve Board (FRB), which are scheduled to continue to make trading in the yen exchange rate more active.