Yamazaki Bread <2212>: 3045 yen (+363.5 yen)

Significant rise. The day before, the third quarter earnings report was announced, with operating profit at 7.8 billion yen, a 6.9% increase from the same period last year, slightly lower than the market's financial estimates of just over 1 billion yen. However, the current profit slowdown due to the stock price decline since the first half earnings report is considered to have been fully factored in. In addition, price increases for some bread and Japanese-Western confectionery products have been announced starting from January 1st shipments. The shipping prices for the targeted products have increased by an average of 5.6%, leading to expectations for the performance for the fiscal year ending December 2015.

NEC <6701>: 13230 yen (-325 yen)

Sharp decline. The day before, the second quarter earnings were announced, with an operating profit of 40.2 billion yen for the July-September quarter, a 11.2% increase from the same period last year, slightly lower than the market's estimates by around 4 billion yen. The July-September quarter has seen a slight slowdown in revenue growth in social infrastructure businesses. The full-year estimate remains above consensus at 255 billion yen, a 35.6% increase from the previous year. Additionally, the high volume of domestic IT service orders is maintaining strong growth in the double digits, following the trend from the first quarter.

Komatsu <6301>: 3982 yen (-88 yen)

Decline. The day before, the second quarter earnings were announced, with an operating profit of 146.4 billion yen for the July-September quarter, a 2.3% decrease from the same period last year, slightly lower than the market's estimates by around 10 billion yen. On the other hand, the full-year forecast has been revised upwards from the previous 557 billion yen to 573 billion yen, a 5.6% decrease from the previous year. However, it has not reached the market consensus of around 600 billion yen, and excluding the 38.6 billion yen profit increase due to exchange rates, it is perceived as a real shortfall due to factors such as sluggish growth in North American construction machinery.

Keyence <6861>: 69720 yen (+2710 yen)

Significant rise. The day before, the second quarter earnings report was announced, with an operating profit of 140.6 billion yen for the July-September quarter, an 11.2% increase from the same period last year, exceeding the market's estimates by around 5 billion yen. Gross profit margin has improved compared to the same period last year and the previous quarter, thanks to the progress of yen depreciation and cost reduction. Furthermore, it was announced that the interim and year-end dividends would be increased by 25 yen each, with an annual dividend of 350 yen, an increase of 50 yen from the previous year. This development is viewed positively.

NESIC＜1973＞: 3,250 yen (+250 yen)

Significant continued increase. NEC has announced complete subsidiary merger. Currently, NEC holds 51% of the company's shares, but will conduct a TOB to acquire all shares. The TOB price is 3,250 yen, an 8.3% premium over the previous day's closing price. TOB period is set from October 30th to December 11th. The company recommends shareholders to apply for the TOB. The previous day, they announced the postponement of the earnings report, followed by a sharp increase. It is believed that speculation regarding the TOB had been leading the situation.

Cybertrust＜4498＞: 2,067 yen (+61 yen)

Significantly up for the 3rd consecutive day. For the second quarter of the fiscal year ending March 2025 (April-September 24), they have announced an operating profit of 0.543 billion yen, an increase of 27.8% compared to the same period last year. Transactions with various partners in authentication and security services are increasing, and revenue contributions from extended support and collaboration partner products in Linux/OSS services are becoming significant. The shift from a decrease in the first quarter (0.144 billion yen, a 19.4% decrease) to an increase has been well received, and buying interest seems to be present. The full-year estimate remains at 1.3 billion yen, a 16.9% increase over the previous year.

Realgate＜5532＞: 2,045 yen (+96 yen)

Significantly up for the 3rd consecutive day. They have announced a midterm management plan with an operating profit target of 1.7 billion yen for the fiscal year ending September 2027. They aim to improve the operating profit margin by expanding high-profit properties and target a continuous 30% growth. The operating profit estimate for the fiscal year ending September 2025 is 1 billion yen, a 30.4% increase over the previous year. Properties acquired in the previous year are scheduled to open, contributing to revenue. Operating profit for the year ended September 24 was 0.766 billion yen, a 39.7% increase. Existing operational properties maintained stable operation, and new properties performed well.

Makuake＜4479＞: 531 yen (+7 yen)

Marked a significant increase for the third consecutive day. The operating profit and loss forecast for the fiscal year ending September 2025 is announced to be in the black at 0.12 billion yen. The company aims to achieve profitability by maintaining the revenue of the support purchase service Makuake business while advancing the foundation strengthening towards expanding revenue from various ancillary services. At the same time, the operating profit and loss for the fiscal year ending September 2024 was reported to be in the red at 0.062 billion yen (compared to the previous period's 0.489 billion yen loss). The company improved beyond the company plan (0.097 billion yen loss) through revisions in fees and optimization of cost structures.