$Shoei (7839.JP)$ has continued to increase drastically. SMBC Nikko Securities has upgraded investment decisions from “2” to “1,” and the target stock price has also been raised from 2400 yen to 3400 yen. The re-growth of the Chinese market has been confirmed, and it seems that they have determined that sustainable growth is possible. There is also an evaluation that it has strong brand power and a strong sense of undervaluation in stock prices as a globally competitive company. Regarding company-side performance guidance, it is also pointed out that operating income has exceeded initial company forecasts for the past 10 periods, and there is a tendency to conservatively disclose it every year.