Nippon Tungsten <6998>

Announced revision of second-quarter financial estimates. Revenue has been revised upward from 5.9 billion yen to 6.3 billion yen, and operating profit from 0.18 billion yen to 4.0 billion yen. The hard disk drive (HDD) magnetic head substrate, a focus product in the semiconductor and electronic component market, is showing a recovery trend in demand for high-capacity HDDs used in data centers and similar facilities, in line with the recovery from the decrease in demand following the COVID-19 pandemic.

TDK<6762>.

A stock split of 1:5 makes it more accessible. The stock price has broken through the 25-day moving average with a rebound at the moment, capturing the 75-day resistance above, suggesting a potential rally from the breakthrough of that level. In the Ichimoku Cloud, amid a transition where the thin cloud is sandwiched, it is expected to clearly break above the cloud. As it rises towards around 2060 yen, the lagging span is likely to generate an upward signal.