<9824> Quanzhou Dianye 4500 -230

Significant decline. The third-quarter results were announced the previous day, and cumulative operating profit increased by 18.3% year-on-year to 7.51 billion yen. The operating profit for the May-July period also increased by 17.8% to 2.4 billion yen, showing a steady trend. Sales for automobiles and construction/electrical distribution increased. However, the full-year forecast, which was revised upward during the first-half results announcement, remains unchanged at 9.6 billion yen. Therefore, it seems that there was limited surprise and profit-taking selling due to a sense of exhaustion.

<4238> Miraiaru 1380 +135

Sharp increase. The upward revision of the first-half performance forecast was announced the previous day. Operating profit was raised from the previous forecast of 0.65 billion yen to 0.83 billion yen, a 27.9% decrease compared to the previous year. With the gradual recovery of the semiconductor market, the shipment of plastic molding business products has increased, and factory operating rates have improved. The first quarter was 0.27 billion yen, a 62.1% decrease compared to the previous year, so the current pace of earnings recovery is higher than expected. It is also expected that the full-year performance consensus will be revised upward.

<9876> Cox 195 +8

Significant increase. The monthly trend for August was announced the previous day. Same-store sales increased by 12.4% compared to the same month of the previous year, marking the first positive turnaround in two months and double-digit growth since July 2023. The number of customers increased by 9.3%, and the average customer purchase price increased by 2.8%. The continued hot weather contributed to the strong performance of summer items, and the favorable schedule of the Bon Festival period also played a role. For the latter half of the month, summer items in autumn colors for both men and women have been selling well.

<2585> Life Drink C 6950 -750

Significant drop. Ichiyoshi Securities upgraded the rating from 'A' to 'B' and maintained the fair value at 7000 yen. The stock price entered the fair value range as the stock price level rose significantly from the last report. The first-quarter cost increase was within the expected range, and an increase in production quantity is expected. Therefore, the forecast for operating profit for the fiscal year ending March 2025 will continue to be 5.9 billion yen, a 25.2% increase compared to the previous year.

<9076> Seino Holdings 2433.5 +52.5

Significant gains. Daiwa Securities has upgraded its investment rating from "3" to "2" and raised its target stock price from 2000 yen to 2550 yen. It seems that they assume that the progress in appropriate fee collection will offset cost increases and improve profitability. In addition, Mitsubishi Electric Logistics, which is planning to acquire shares in October, is expected to grow by expanding its overseas sales and incorporating Mitsubishi Electric's global supply chain, making it also worth noting the strengthening of logistics.

<7453> Ryohin Keikaku 2703.5 +85

Significant rebound. The previous day, despite the decision not to include the Nikkei average, there was a sense of short-term exhaustion, but today there is a dominant movement once again expecting an improvement in supply and demand in the near term. In addition, at SMBC Nikko Securities, the investment judgment remains at '1' and the target stock price has been raised from 3100 yen to 3600 yen. It seems that they also evaluate that there is still significant room for improvement in the medium-term adjustment, expecting the continuation of strong performance in the high gross profit margin household goods.

<8267> AEON 3838 +89

Significant gains. There doesn't seem to be any significant news, and it is seen as part of the movement of institutional investors rebalancing their portfolios. Due to the weak performance of semiconductor-related stocks and the uncertainty of exchange rate trends, the popularity of domestic-demand-oriented main stocks is increasing. Moreover, if Seven & I, which has received a takeover proposal, is delisted, there is speculation that the market capitalization of the company, which is the third largest in the retail sector, could expect buying demand due to rebalancing within the sector.

<7868> Koudaidou Holdings 492 +51

Sharp increase. Although the announcement of the financial results for the first quarter has been delayed, it was announced the day before that they had identified matters requiring correction reports for the securities report for the year ending March 2024. In the release on August 9th, it was stated that it had been revealed that a review was necessary for certain accounting processes, which was the background for the delay in announcing the financial results. It has now become clear that this is due to differences in the timing of revenue recognition. It seems that the reason for the delay in announcing the financial results is not something to be overly concerned about.

<1928> Sekisui House 3853 + 16

Continued rise. The previous day, the company announced its second quarter earnings, with operating profit for the May-July period at 85.4 billion yen, a 23.5% increase compared to the same period last year, and it is believed to have exceeded the market consensus by about 2 billion yen. Consequently, the full-year forecast has been revised upward from the previous 300 billion yen to 320 billion yen, an 18.1% increase from the previous year. The full-year consensus was almost in line with the company's plan. It appears that the results were influenced by higher-than-expected sales in the US single-family housing market and US community development. The potential benefits of a US interest rate cut are once again being taken into account.

<9232> PUSCO 2057 +400

Stop high allocation. The company has announced the implementation of a tender offer (TOB) with parent company Secom and Itochu's wholly-owned subsidiary, IS Frontier Partners, as the purchasers. The purpose of this is to privatize the company by acquiring all of its shares. The company is recommending participation in the TOB. The TOB price is 2140 yen, which is a 29.1% premium over the previous day's closing price, and there is a growing movement to align with that price. The TOB period is from September 6th to October 22nd.