MARUWA＜5344＞ is rebounding significantly. Marusan Securities continues to recommend a "buy" investment rating and has raised its target stock price from 39,000 yen to 44,000 yen. Ceramic components have a high market share in specific areas where heat dissipation is required, and there is potential for exploring new markets such as semiconductor lasers for thermal substrates in opto-transceivers for datacenters serving AI generation. Sales for automotive applications, specifically for HV and PHV, are also growing. The financial estimates for the current fiscal year and beyond have been revised upward.