<2792> Hanes HD 1725 +47.

Rebounded and continued to rise. The day before, it announced its first-quarter earnings, with operating profit at 123 billion yen, a 23.3% decrease compared to the same period last year, falling short of the unchanged first-half plan of 330 billion yen. The increase in procurement costs due to the weak yen had an impact. However, with the growth of its e-commerce business, revenue increased by a healthy 9.9%, and net profit is secure with gains from foreign exchange valuation adjustments. It appears that the operating profit is on track with the company's plan, and the current yen strengthening reversal is expected to contribute positively in the future, indicating a short-term negative sentiment.

<5707> Toho Lead 1112 +133.

Sharply rose with the highest increase rate. The start of a new business related to lithium-ion battery recycling is seen as a significant development. It was announced on the 25th and has also been reported in some media outlets today. The new business is expected to start from October with its subsidiary Toho Career. It seems they will handle valuable materials from spent lithium-ion batteries, collection and transportation of industrial waste, the safe disposal and proper treatment of these batteries, as well as the production and sale of black mass.

<8798> Adobankrie 967 -71.

Significantly fell. The monthly performance for August was announced the day before, with the application ANP staying flat year-on-year and decreasing by 7% compared to the previous month. Collaborative and online sales declined, resulting in a negative trend for the fourth consecutive month compared to the previous month. Additionally, with the shareholder benefit yield at a high level, the impact of the expiration of the benefit rights seems to be growing. Moreover, regarding the year-end dividend, uncertainties about securing distributable amounts have led to a decision of non-distribution.

<8035> Toho Elec 27475 +1715.

Marked a significant increase. It was reported that the proportion of AI-related revenue to the total is expected to double to 30% by the end of March 2025. This translates to an amount of 690 billion yen, 2.5 times higher than the previous period. The company anticipates continued demand growth not only this fiscal year but also in the next, contributing to dispelling concerns about the outlook for AI semiconductors. Following Micron's positive earnings announcement, stocks like Applied Materials have also risen in the US market, with the SOX index seeing an increase of about 3.5%, providing further support.

<1961> Sanki Works 2406 +128

Significantly rose. At Tokai Tokyo Securities, a new "outperform" investment rating has been set with a target stock price of 3000 yen. Strong demand for construction of facilities such as semiconductors and rechargeable battery plants is expected to lead to increased profits, and judging from valuations such as the p/e ratio, there is room for stock price increases. It is believed that the company has entered a phase of substantial profit expansion from the fiscal year ending March 2024, and the operating profit for the fiscal year ending March 2025 is expected to exceed the company's plan of 12.5 billion yen, reaching 15.2 billion yen.

<8346> Toho Bank 261 +8

Significant continued increase. The company announced an upward revision of its earnings and dividend forecasts the previous day. The first-half net profit has been raised from the previous forecast of 3 billion yen to 4.5 billion yen, and the full-year forecast has been raised from 4.7 billion yen to 6.4 billion yen, reversing to an expected increase in profits. It seems that capital gains are expected to exceed the initial estimates, while credit-related costs are expected to be lower than initially forecast. The annual dividend is also raised from the planned 7 yen to 8 yen, an increase of 1 yen compared to the previous period.

<7205> Hino Motors 490.5 +25.5

Significantly rose. It was announced that a settlement has been reached in a lawsuit where a Canadian company was seeking damages over the engine manipulation issue. The settlement amount is about 6 billion yen, which is expected to be recorded as a special loss in the second quarter. In October 2023, a settlement was reached with a U.S. company seeking damages, with a settlement amount of about 35 billion yen. While there are remaining class-action lawsuits in Australia related to the engine manipulation issue, the uncertainty is seen to be gradually diminishing. Today's support factors include a yen depreciation trend.

<1605> INPEX 1957.5 -24.5

Significantly declined. In the previous day's NY crude oil futures market, the November futures contract ended trading with a 2% decline from the previous day, leading to a negative view on the downward trend in the oil market. It has been reported that OPEC Plus is expected to increase crude oil production in December, raising awareness of easing supply and demand in the oil market. Saudi Arabia has reportedly withdrawn its unofficial target of $100 per barrel crude oil price and shifted its focus to market share recovery, preparing for an increase in crude oil production in December.

<6676> Melco 2280 +400

Trading at daily limit up. Today is the ex-dividend date for the interim period, as well as the ex-dividend date for Shimadaya, a subsidiary due to the stock distribution type spin-off implementation. Shimadaya is scheduled to be listed on October 1, with each common stock receiving a physical dividend. The offer price for Shimadaya is set at 1880 yen, and this portion will be the ex-rights part. Additionally, the interim dividend of 60 yen will also be ex-dividend.

<6080> M&A Capital 2327 +110

Significant continued rise. Okasan Securities has newly rated the investment as 'bullish,' with a target stock price of 3150 yen. Amid concerns about the quality of services and governance in the M&A brokerage industry as a whole, it seems that the evaluation will increase in the future due to the low fees compared to other industry giants, the ability to handle large transactions, and the high quality service. In addition, the performance deterioration for this fiscal year is already factored in, and they are expecting a period of increased revenue and profit growth in the 25th fiscal year ending September.