Dai San <4750>: 602 yen (-68 yen)

Marked decline. The company announced its first quarter financial results the previous day, with an operating profit of 0.02 billion yen and a revenue improvement of 0.04 billion yen compared to the same period last year. However, the maintained full-year forecast is 0.45 billion yen, an expectation of an 8-fold increase from the previous year, raising some concerns about progress. The recent rapid increase in stock prices, reaching a year-to-date high the previous day, is believed to have intensified the backlash of expectations.

Uchida <8057>: 7080 yen (-550 yen)

Significant decline. The financial results for the fiscal year ending July 2024 were announced the previous day. Operating profit increased by 10.8% to 9.35 billion yen compared to the previous period, slightly exceeding the upward revision level of 9.2 billion yen at the time of the third quarter financial results. The annual dividends have been raised from the previous plan of 210 yen to 220 yen. On the other hand, the forecast for the fiscal year ending July 2025 is 10 billion yen, an increase of 7.0%. It is expected to see steady growth in ICT-related business and office investments. However, the guidance is largely in line with expectations, and there is a sense of exhaustion in a weak market.

NITORI HD <9843>: 22005 yen (+555 yen)

Significant increase. The monthly trend for August was announced the previous day, and same-store sales increased by 7.8% compared to the same month last year, turning positive for the first time in two months. While average customer spend decreased by 1.8%, the number of customers increased by 9.8%. Some stores were affected by the typhoon, but it seems that measures such as TV commercials and air conditioning campaigns were effective. In addition, the reversal of the weak dollar and strong yen in the foreign exchange market, reflecting the deterioration of the US economic indicators, is leading to buying opportunities as a benefit of the strong yen.

Fujisoft <9749>: 9620 yen (+650 yen)

Significant increase. It has been announced that the US investment fund Bain Capital has made a proposal for privatization to the company. The company announced its acquisition by the US investment fund KKR in August, with a share price formation that was conscious of the tender offer price of 8,800 yen. In this M&A by Bain, the tender offer price is expected to be around 9,200-9,300 yen. It seems that there are also expectations for further premium due to the development of future stock acquisition battles.

Advantest <6857>: 6,168 yen (-475 yen).

Significant decline. In the United States the previous day, the August ISM Manufacturing Purchasing Managers' Index was released. Although it rose from 46.8 in July, its lowest level in eight months, to 47.2, it falls below the market expectation of 47.5, confirming a continued stagnation. Concerns about an economic downturn are reigniting, and the US stock market on the previous day was heavily sold off, causing a risk-off sentiment to spread to the Tokyo market. In particular, the SOX index has dropped 7.7% and experienced a sharp decline, leading to noticeable declines in semiconductor-related stocks, including this company.

National Agriculture Research Institute <3541>: 406 yen (+53 yen).

Year-to-date high. NTT <9432> announced on the 3rd that it has signed a capital business alliance agreement with NTT AgriTechnology (Shinjuku-ku, Tokyo), a subsidiary of NTT, and is expected to continue to be viewed as a buy material. It will cooperate in the development, distribution, and sales of food processing products utilizing out-of-specification vegetables that contribute to high value-added agricultural products and food loss reduction. NTT AgriTechnology plans to acquire shares of the Agricultural Research Institute, which is supported by the Agricultural, Forestry, and Fisheries Industry Growth Industrialization Support Organization.

I plan to acquire shares of the Agricultural Research Institute.

Eyes <5242>: 2,355 yen (+77 yen).

Significant rebound for the third consecutive day. It was announced that the number of transactions on the advertising industry platform "Media Radar", operated by the company itself, has exceeded a cumulative total of 0.04 million transactions. Media Radar is a search site for the advertising industry that connects marketing professionals and advertising agencies with media companies and marketing service companies. As a result of efforts to improve convenience and matching accuracy, the increase in the number of transactions has been achieved.

Birdman <7063>: 614 yen (+100 yen).

The stock price has reached its highest point. Muun (Osaka) representative director Munesuke Shimazu, who is in charge of the creative business, has announced that he will be appointed as the new president. The scheduled date of assuming office is the 26th. The current president, Akihiro Date, will resign in order to clarify his management responsibility for the significant losses recorded in the financial statements for the fiscal year ending in June 2024. In addition, Yoshikawa Motohiro, a director of Kaikan (3133), who has knowledge and experience in corporate revitalization business, will be appointed as an external director, and Akihiro Kunimatsu, Junichi Mizutani, and Ryuta Karita will be appointed as external directors (auditors and such committee members).