<7545> Nishimatsuya Chain 2262 +136

Significant rebound. On the previous day, announced the monthly trends for November. Same-store sales increased by 0.5% compared to the same month last year, turning positive for the first time in two months. While the number of customers decreased by 1.7%, the average spending per customer rose by 2.2%. With the drop in temperatures, sales of autumn and winter clothing increased. Given that the previous month saw a 4.1% decline, it appears to have led to a retreat in caution. However, for the total period from September to November, same-store sales saw a decrease of 0.2% compared to the same month last year.

<3672> Altplus 91 -10

Plunged significantly. Announced the issuance of the 9th and 10th subscription rights through third-party allocation. The potential number of shares from the 9th issuance is 43.95 million 3200 shares, and from the 10th, 17.7 million 8500 shares, with exercise prices of 15 yen for the 9th and 21 yen for the 10th. The net estimated proceeds amount to approximately 1 billion yen, which is planned to mainly fund new title development and operation costs. The number of shares issued upon exercise would be 284.24% of the currently issued shares, raising concerns about significant potential dilution.

<5310> Toyo Carbon 4590 -45

Decline continues. Daiwa Securities has downgraded the investment rating from "2" to "3" and also lowered the target stock price from 6,500 yen to 5,000 yen. Additionally, SMBC Nikko Securities has downgraded the investment rating from "1" to "2" and reduced the target stock price from 7,000 yen to 5,500 yen. It seems they are anticipating a slowdown in the growth of SiC-related products due to the deceleration of EV demand. They expect a valuation adjustment due to the retreat of short-term growth expectations.

<3673> Broadriff 699 +19

Continued to rise significantly. SBI Securities maintained its investment judgment of 'buy' and raised the target price from 1000 yen to 1350 yen. With the advancement of cloud shift, the transition to medium- to large-scale customers, and the success of pricing improvement measures, the future trend of profit increase is easily imagined. Operating profit for the fiscal year ending December 2025 is forecasted to reach 2 billion yen, a 5.9-fold increase compared to the previous period, while for the fiscal year ending December 2026, it is estimated at 4.57 billion yen, 2.3 times higher, indicating that the undervaluation of the stock price is likely to rise rapidly.

<9023> Tokyo Metro 1737 +37

Significant rebound. Reports indicate that an interview with the president has been conveyed. While focusing on the railroad business, it is stated that the non-railroad sectors such as real estate and distribution must be strengthened, and they want to redirect management resources towards M&A and investments in these areas. This seems to be leading to increased expectations for growth. Additionally, it has been reported that they were chosen on the 20th as the new operator of the Elizabeth Line subway for the Transport for London in a joint venture with Sumitomo Corporation and a British railroad operator.

<3038> Kobe Bussan 3580 +29

The uptrend continues. Individual monthly trends for October were announced the previous day. Operating profit was 2.64 billion yen, an increase of 27.7% compared to the same month last year, marking a high growth rate since November. The convenient frozen vegetables performed well, and it seems that sale items until the end of October contributed to sales. Individual operating profit for the full fiscal year ending October 24 was 29.8 billion yen, up 11.5% from the previous period. Anticipation of exceeding the consensus for consolidated performance is leading the way.

<8185> Chiyoda 1375 +11

Rallying. The company announced a revision of its performance for the fiscal year ending February 2025 the previous day. Although revenue is expected to fall due to exclusion of MacHouse's consolidated results, operating profit has been significantly upwardly revised from the previous forecast of 1.25 billion yen to 1.88 billion yen, a 75.2% increase from the previous year, driven by the growth in PB product sales, human resource efficiency improvements, and cost containment. The substantial upward revision is limited in terms of surprises, staying mostly as an addition to the better-than-expected results for the first half, leading to some sluggish movements after the buying spree.

<1802> Obayashi Corporation 2120 +86.5

Significant rebound. SMBC Nikko Securities upgraded the investment rating from "2" to "1" and raised the target stock price from 2100 yen to 2400 yen. Considering the favorable business environment, it is believed that the likelihood of a share buyback or special dividends being implemented has increased according to the fulfillment of the 10% ROE target and the cushion in equity capital. An enhancement in shareholder returns is expected from the fiscal year ending March 2026, with the possibility of implementation being advanced. A share buyback of 30 billion yen annually is anticipated starting from the fiscal year ending March 2026.

<3382> 7&iHD 2556.5 +0.5

Consolidation. The chairman of the Canadian Kushtar Company, Mr. Bouchard, clarified that 'hostile takeover is not under consideration' regarding the acquisition proposal for the company. Kushtar is currently proposing an acquisition at approximately 8 trillion yen, but the founding family of the company is proposing to carry out a countermeasure in the form of a management buyout (MBO). The chairman emphasized, 'The current proposed price is attractive to all stakeholders,' indicating a retreat from expectations for an increase in the acquisition price.

<8035> Tokyo Electron 22250 +470

Significant rebound. The US nvidia, which announced its earnings reports for the August-October period, saw initial selling during extended hours trading, which led to selling pressure on the company and other semiconductor-related stocks the previous day. However, on the previous day in the US market, nvidia showed signs of stabilizing with a 0.5% rise. There is a growing trend to reassess the strong earnings reports that exceeded market expectations. Today, semiconductor-related stocks, including the company, generally turned to a rebound.