Fuji Soft <9749>: 9,040 yen (-310 yen)

There is a significant decline. KKR, a US investment fund, has announced that it is currently conducting a TOB and has prepared a two-stage method of implementing TOB at the same price if it cannot gather the target number of shares by the deadline. Bain, another investment fund, has announced a proposal that exceeds KKR's TOB price of 8,800 yen by about 5%, anticipating the possibility that it will fail to materialize. There were speculations in the market that it could develop into a price hike competition, but such excessive expectations have retreated.

SANKYO <6417>: 1,979.5 yen (-206 yen)

Significant decline. The company has announced its performance and dividend forecast for the first half of the year, which was previously undecided. Operating profit is 35 billion yen, a 23.0% decrease compared to the same period last year, and the full-year forecast remains unchanged. In addition, the interim dividend is set at 40 yen, and the annual dividend is set at the previously planned 80 yen. The first quarter results exceeded market consensus, and there has been a negative sentiment towards the unchanged full-year forecast, which was expected to beat expectations for performance and dividends.

Mito Shō <8622>: 464 yen (+41 yen)

Significant increase. The company has announced that the previously undecided interim dividend will be 15 yen. It was 10 yen in the same period last year. The year-end dividend is still undecided, but if it remains at the same level as the interim dividend, the annual dividend will increase by 6 yen to 30 yen compared to the previous year. Based on this, the dividend yield at the previous day's closing level would be 7.1%. The company's basic policy is to maintain a dividend payout ratio of 50%, with a minimum annual dividend of 20 yen.

Home Position <2999>: 480 yen カ -

The stock is trading limit up. They have announced the implementation of a third-party allotment of capital increase, with Kei AI Staar Real Estate as the allotment destination. The issue price is 600 yen. The number of allotted shares is 3.33 million shares, and Kei AI Staar will become the largest shareholder, holding 35.61% of the shares. Although dilution of stock value will occur, there is a dominant expectation of future revenue expansion through the implementation of the allotment capital increase, which includes expanding market share in the Kanto region, repaying borrowings and corporate bonds, strengthening the financial foundation, and enhancing the relationship with Kei AI Staar.

Eran <6099>: 1002 yen, Ka-

There is a buying indication for the daily limit. It has been announced that M3 will carry out a tender offer to make it a consolidated subsidiary, and the company has expressed its agreement. The tender offer price is 1040 yen, which is a 22.1% premium over the previous day's closing price. The minimum number of shares to be purchased is 30.36 million 200 shares, and the maximum number is 33.32 million 9453 shares (55.0% ownership ratio). There is a risk of not being selected in the lottery, but there are high expectations for future business expansion due to the capital alliance effect with M3, and it is being bought up to a level close to the tender offer price.

Nihon Joho C <4054>: 913 yen (+ 42 yen)

It is continuing to rise. After the end of trading on the 19th, it was announced that Nihon Joho Create will simplify the moving procedure in cooperation with Sakai Moving Center, and there is a positive buying activity. The "electronic move-in application service" is a free service provided by Nihon Joho Create to real estate companies, in which tenants enter the necessary information online, and cooperate with real estate management companies and related businesses to streamline the move-in procedure. By cooperating with Sakai Moving Center, residents do not need to re-enter the same information, and they will be able to proceed smoothly with the moving procedure.

Rainwind Sun <5616>: 1174 yen (+ 104 yen)

Significant rebound. It has been announced that Bai Senrenma, which operates the travel reservation site "STAY JAPAN", has agreed to the third-party allotment of new shares and has become an affiliated company, which has led to a significant rebound. By leveraging the company's nationwide network of over 8,300 producers and approximately 1,500 registered accommodation facilities on "STAY JAPAN", they will provide a service that combines experiences at producers' locations with lodging at local destinations, capturing the inbound demand for farm stays.

ZUU <4387>: 752 yen (-7 yen)

Continued decline. SBC Medical Group Holdings, an investee of ZUU Target Fund for SBC Medical Group HD Investment Business Combination and ZUU Target Fund for SBC Medical Group HD2 Investment Business Combination established by ZUU Funders, is listed on NASDAQ. Although it currently has 220 medical facilities domestically and internationally, it aims to expand its business in the US and Southeast Asian markets, as well as expand its domestic and international franchise clinic network.