<6370> Kurita Works 5949 +287

Marked increase. SMBC Nikko Securities upgraded its investment rating from '2' to '1' and raised the target stock price from 7000 yen to 8200 yen. With expectations of achieving the full-year order plan, continued improvement in the operating profit margin of the general water treatment market, anticipation of a significant recovery in demand in the electronic market by the end of March 2026, the current stock price decline is seen as an investment opportunity. The high defensive nature is also currently considered favorable.

<4540> Tsumura 4241 +270

Significant increase. Nomura Securities initiated a new 'Buy' investment rating with a target stock price of 6000 yen. With substantial drug price increases in the fiscal year ending March 2025, and with the growth trajectory of Japan's traditional Chinese medicine prescriptions and the Chinese business on the rise, it is believed to have entered a phase of substantial performance growth trend. The Chinese government's support for the development and quality improvement of traditional formulas is seen as a tailwind. The medium-term revenue growth rate until the fiscal year 2029 is expected to be 7.8% annually, with an operating profit of 7.0%.

<4512> Wakamoto 299 +55

Sharp rise. As of September 19th, it was announced that the Ministry of Health, Labour and Welfare has obtained manufacturing and sales approval for intraocular lenses (sold under the name Acrybat Nova Pro). This product, a multifocal intraocular lens manufactured by a German biotechnology company, is expected to reduce halos and glare, common issues with multifocal intraocular lenses, through unique optical technology. Preparing for sales, details on the launch date will be announced at a later time.

<6501> Hitachi 3856 +184

It is updating its highest price on July 11th with a significant increase. It has announced the development of a system to inspect the safety of railroad infrastructure such as rails, catenaries, and signals in collaboration with NVIDIA. By simply attaching dedicated equipment to railroad vehicles and running them, it seems that infrastructure inspection can be performed. Real-time monitoring is expected to lead to the efficiency of maintenance work. It is said that they will showcase new technologies at the world's largest railroad technology exhibition opening in Germany on the 24th.

<3391> Tsuruha Holdings 8683 -28

Decline. It announced its financial results for the first quarter of the previous weekend. Operating profit increased by 7.1% compared to the same period last year to 15.1 billion yen, exceeding the consensus by about 0.5 billion yen. The company also announced a revision of its performance forecast due to a change in the accounting period. By changing the fiscal year-end to the end of February, this fiscal year will be a 9.5-month irregular accounting period, with a new full-year operating profit forecast of 38.7 billion yen. The previous forecast translated on an annual basis is around 42 billion yen, but it seems that there will be about 4 billion yen in one-off costs.

<4936> Axxia 583 +36

Significant rise. It has announced the implementation of a share buyback of up to 0.5 million shares, equivalent to 1.99% of the issued shares, with a maximum of 0.3 billion yen. The acquisition period is from September 24th to January 31st of the 25th year. The purpose of the acquisition is to balance growth investment and shareholder returns, aiming to further return benefits to shareholders. It announced the financial results for the July-September period last year on September 13th. Following a sharp decline in the share price, it is now considered a cue for a significant rebound.

<3778> Sakura 4685 +545

Rapid increase. It announced an upward revision of its performance forecast last weekend. The first-half operating profit has been raised from the previous forecast of 0.8 billion yen to 1.1 billion yen, and for the full year, from 2 billion yen to 2.6 billion yen, an increase of 2.9 times compared to the previous year. In addition to the upward revision in GPU cloud service sales, cloud services and sales of group companies have also been progressing well. Judging from the progress in the first quarter, the positive impact of the upward revision seems to be leading.

<3696> Celes 1623 +300

Stop-high proportionate distribution. It announced the implementation of a shareholder benefit system starting from the end of the fiscal year in December of the 24th year. Shareholders with 100 or more shares will be presented with cryptographic assets worth 10,000 yen. Details such as the brand of the cryptographic assets to be presented will be communicated separately. Combined with the annual dividend of 20 yen, the actual yield for shareholders is expected to be 9.2% as of September 19th. Although opening a cryptographic asset exchange account is required, there is a growing trend to see the high yield level as an advantage.

<3038> Kobe Bussan 4353 -331

Significant decline. Last weekend, the monthly trends for August were announced. Operating profit recorded a significant deficit of 4.89 billion yen, following the 3.02 billion yen deficit from the previous month, leading to a prevailing negative view. It seems that amidst a temporary depreciation of the yen, the company incurred a mark-to-market loss on foreign exchange reserve due to a shift to yen appreciation towards the end of August. However, it is expected that at the operating profit level, profit increase is secured. The progress of yen appreciation also leads to a decrease in purchase prices, which is expected to be a driving factor for future operating profit increase.

<6222> Shima Seiki 1211 -127

Significant decline. Last weekend, a downward revision of the first half performance forecast was announced. Operating profit decreased from the previously expected profit of 0.5 billion yen to a deficit of 2.1 billion yen, compared to a profit of 0.37 billion yen in the same period last year. The continued decline in equipment investments in the main markets of China and Italy, along with the deferral of large orders in Bangladesh due to the impact of anti-government demonstrations, are among the reasons. The full-year forecast remains unchanged at this stage. Additionally, the annual dividend has been reduced from the initial plan of 20 yen to 15 yen.