<7011> Mitsubishi Heavy Industries 1733.5 +90.5
Significant rebound. It seems that the news of the CFO interview is spreading and it is leading to buying interest. Regarding the order amount for the fiscal year ending March 2025, the company mentioned that they expect it to exceed the initial estimate of 5.8 trillion yen and there are suggestions of it reaching the 6 trillion yen range. Businesses such as gas turbines and defense-related ones, which are attracting high investor attention, seem to be doing well. Furthermore, even if there is a significant need for funds due to M&A, etc., the company emphasizes that they have the financial strength to obtain debt financing.
<5411> JFE 1853.5 +19.5
Rebound. SMBC Nikko Securities downgraded their investment rating from '1' to '2' and lowered the target stock price from 2900 yen to 2300 yen. They analyzed that there is an increasing risk of the company's performance outlook falling below expectations and reducing dividends, assuming a decrease in the demand recovery and a decline in the steel market situation caused by China. They also pointed out the need to wait for an improvement in the global supply and demand situation of steel for the time being. However, overall, the stock is generally strong due to the overall market rise.
<4026> Kashima Chemical Industry 1880 +180
Sharp rise. They announced their financial results for the first quarter, and the operating profit increased by 56.5% compared to the same period last year, reaching 0.65 billion yen. The planned operating profit for the first half of the fiscal year remains unchanged at 1.13 billion yen, with a 25.9% increase, which is considered to be better progress than expected. The chemical products business, such as magnesium and ceramics, achieved double-digit increases in revenue and profit, and the building materials business also saw increased sales in the residential and non-residential sectors, along with the effect of price increases, resulting in a significant increase in profit.
<6361> Ebara Corporation 1902.5 +196
Sharp rise. It has been reported that they will invest 16 billion yen to construct a testing facility for hydrogen dedicated pumps. They will establish a system to develop and test pumps adjusted to flow rate and pressure according to customer demand, and accelerate commercialization for the import and supply of hydrogen to power plants. Some parts of the facility are expected to start operation in the second half of 2025, and the completion is scheduled for June 2026. The testing facility specialized in hydrogen dedicated pumps is believed to be the first in the world, and expectations for future developments are growing.
<3038> Kobe Steel 4287 -64
Significant decline. The third quarter settlement was announced the day before. Operating profit for the May to July period decreased by 2.5% compared to the same period last year to 8.9 billion yen, turning into a decline from the 25.4% increase in the first half of the year, and also fell below the consensus by about 0.5 billion yen. The full-year plan of 31 billion yen, a 0.9% increase from the previous year, remains unchanged, and it is still considered to have a high possibility of an upward revision, but it seems to have led to a slight downward revision of the consensus. It is expected that the positive impact of the recent reversal in the appreciation of the yen will be fully realized after October 25th.
<3565> Asentech 600 +76
Sharp rise. The first half settlement was announced the day before, and operating profit decreased by 22.8% compared to the same period of the previous year to 0.24 billion yen, falling below the previous forecast of 0.36 billion yen. The full-year forecast was also revised downward from 0.75 billion yen to 0.72 billion yen, reflecting the impact of rising costs due to the depreciation of the yen, among other factors. However, the ordinary profit, which the company values, landed above expectations for the first half of the year, as it recorded a 0.23 billion yen exchange rate gain as a non-operating item. The full-year forecast was revised upward from 0.85 billion yen to 0.95 billion yen.
<3921> Neojapan 1900 +206
Sharp rise. The first half settlement was announced the day before, and operating profit increased by 40.8% compared to the same period of the previous year to 0.85 billion yen, expanding the growth rate from the 11.0% increase in the first quarter. The full-year forecast of 1.61 billion yen, a 23.8% increase from the previous year, remains unchanged. The software business is progressing well, exceeding the initial plan, and the system development service business is also expected to recover from the third quarter onwards. The faster pace of revenue expansion at the moment reflects the growing expectations for better performance.
<7013> IHI 6730 +631
Sharp rise. Daiwa Securities has upgraded its investment rating from "3" to "1" in two steps and raised its target stock price from 4400 yen to 8000 yen. The spare parts business for civil aircraft engines is recovering at a faster pace than expected, and it is expected to be a major driving force for the company's overall profits, considering its high operating profit margin of 50-60%. The improvement in financial health through profit accumulation is also expected and appreciated. Compared to overseas aircraft engine-related companies, it seems that there is a significant undervaluation of the stock price.
<5032> ANYCOLOR 2397 +142 Significant rebound. The company announced its first quarter financial results the previous day, with operating profit of 2.72 billion yen, a decrease of 32.8% compared to the same period last year. It was perceived as sluggish progress compared to the unchanged first half plan of 7.1 billion yen and a 9.5% increase. On the other hand, the company announced a change in dividend policy and determined that it is appropriate to start distributing dividends considering the possibility of continuous and stable profit generation, rather than focusing on share buybacks as in the past. The plan is to implement an annual dividend of 65 yen for the fiscal year ending in April 2025.
<6857> Advantest 6293 +530 Significant rebound. Today, not only this company, but also semiconductor-related stocks are experiencing a simultaneous rise. In the U.S. stock market the previous day, there was a sell-off followed by a significant recovery after the release of the CPI. In addition, concerns about further appreciation of the yen, such as speculation about a substantial interest rate cut in the U.S., have diminished, contributing to support for domestic major large-cap stocks. In particular, NVIDIA rose more than 8% in the U.S., and the SOX index also rose 4.9%, leading to increased interest in semiconductor-related stocks.
Significant rebound. The company announced its first quarter financial results the previous day, with operating profit of 2.72 billion yen, a decrease of 32.8% compared to the same period last year. It was perceived as sluggish progress compared to the unchanged first half plan of 7.1 billion yen and a 9.5% increase. On the other hand, the company announced a change in dividend policy and determined that it is appropriate to start distributing dividends considering the possibility of continuous and stable profit generation, rather than focusing on share buybacks as in the past. The plan is to implement an annual dividend of 65 yen for the fiscal year ending in April 2025.
Significant rebound. Today, not only this company, but also semiconductor-related stocks are experiencing a simultaneous rise. In the U.S. stock market the previous day, there was a sell-off followed by a significant recovery after the release of the CPI. In addition, concerns about further appreciation of the yen, such as speculation about a substantial interest rate cut in the U.S., have diminished, contributing to support for domestic major large-cap stocks. In particular, NVIDIA rose more than 8% in the U.S., and the SOX index also rose 4.9%, leading to increased interest in semiconductor-related stocks.