KADOKAWA <9468>: ¥4445 (+¥700)

Hitting the daily limit up. It was reported during the previous trading hours that the Sony Group is in talks for the acquisition of the company, leading to a rise to the daily limit up level. Today, there is still a prevailing upward momentum. With a background of abundant influential content, the company has long been considered a acquisition candidate. If the acquisition goes through, a high acquisition premium can be expected. Both Sony and the company seem to have refrained from making clear comments so far.

TOKYO TEKKO <9960>: ¥2499 (-¥266)

Significant decline. It has announced the implementation of a sale involving 2.74 million 5700 shares, with an over-allotment of no more than 0.41 million 1800 shares. The sellers are major banks such as Sumitomo Mitsui Bank and Mitsubishi UFJ Bank. The offering price will be determined between November 27th and December 2nd. They have set a target to keep policy ownership of shares below 20% of net assets, and the movement aligns with that direction. The move to be cautious about short-term supply and demand deterioration is leading the way.

TOKIO MARINE HOLDINGS <8766>: ¥5640 (-¥414)

Marked decline. The company announced its first-half financial results the previous day, with a net profit of ¥688.5 billion, which is 3.4 times higher than the same period last year. The full-year estimate has been upwardly revised from the previous ¥870 billion to ¥880 billion, a 26.5% increase from the previous year. However, the profit excluding gains from policy stock sales is expected to decrease by ¥82 billion from the initial estimate to ¥528 billion, taking into account the increase in reserves for CRE loans such as CECL allocation, which seems to be considered as a selling point. The announcement of a share buyback of up to 75 million shares and ¥120 billion, also lacks surprises.

SOMPO <8630>: ¥3992 (+¥428)

Significant continued growth. The company announced its first-half financial results the previous day, with a net profit of ¥262.2 billion, a 99.4% increase from the same period last year. The full-year estimate has been significantly revised upwards from the previous ¥230 billion to ¥400 billion, a 3.9% decrease from the previous year's level. It seems the upward revision is mainly due to gains from the sale of investment securities. Concurrently, the annual dividend has been raised from the previous plan of ¥112 to ¥132. Furthermore, the acquisition of treasury shares has been announced with a limit of 7.44% of the issued shares, which totals 72 million shares and ¥155 billion. The scale of the buyback is seen as exceeding expectations.

ID&EHD＜9161＞: ¥4680 Buy -

Stop limit buy interest. Tokio Marine Holdings Inc. has announced its implementation of a tender offer bid to achieve a complete subsidiary organization. The company has expressed approval and recommended participation in the tender offer. The tender offer price is ¥6500, with a premium of 63.3% compared to the previous day's closing price. Moves aiming for a complete convergence towards the tender offer price are predominant. The tender offer period is from November 20 to January 15 in the year 25.

Alto＜260A＞: ¥620 (+¥47)

Significant further rise. Utilizing its own AI technology, the company has announced the launch of a new real estate matching business called 'Clone RE Matching' and the establishment of a 100% subsidiary 'Alto RE Capital' in Minato-ku, Tokyo. By setting criteria and indicators for evaluation and judgment, AI will search for and pick up properties that meet the desired conditions 24/7, throughout the year, replacing human intervention. Additionally, real-time collection and analysis of market information such as listing prices and transaction cases will be used for valuation assessments.

Kakko＜4166＞: ¥780 (-¥19)

Decline. The company has announced that its fraudulent order detection service 'O-PLUX' has been adopted for strengthening credit card fraud prevention in the official online store of the jewelry brand '4℃' by F. D. C. Products in Shinagawa-ku, Tokyo. Its implementation obligation until March of year 25, is said to be an effective measure against fraudulent transactions that have passed the guideline of the 'Credit Card Security Guidelines' and the personal authentication service 'EMV 3-D Secure'.

Confinta＜7374＞: ¥1633 (+¥54)

Marked a significant rebound after 9 days. The net profit forecast for the fiscal year ending March 2025 has been raised from the previous 0.882 billion yen to 1.082 billion yen (previous year actual 0.725 billion yen). This is due to the inclusion of the goodwill impairment related to Dolphin (Shinjuku, Tokyo) whose entire shares are owned by the company in the previous fiscal year, which is expected to reduce the total corporate tax and others by approximately 0.2 billion yen. The operating profit forecast remains unchanged at 1.4 billion yen (compared to 1.195 billion yen).