MITACHI <3321>

Announced revision of financial estimates for the fiscal year ending May 2025. Revenue has been revised upward from 80 billion yen to 90 billion yen, and operating profit from 1.8 billion yen to 1.9 billion yen. Strong orders were seen in the transfer of the business flow of automobile-related customers started after the second quarter, and in orders for EMS related to daily life. The stock price has been rebounding recently, approaching the 200-day moving average resistance as a key level. If it breaks above this level, the return high of 1239 yen on October 7th and 1255 yen on July 26th could be targeted. Furthermore, the year-to-date high of 1285 yen on February 28th seems to be a target.

Furukawa Electric Co., Ltd. <5801>

The strong trend continues, such as updating the year-to-date high for consecutive days. Although there is a tendency to be cautious about overheating, during the consolidation after the recovery to 6000 yen, the high had dropped below +3σ to +2σ of the Bollinger Bands. Currently, it is moving within the range of +1σ and +2σ while the band continues to expand, and overheating is not as much a concern. As for directionality, the high of November 2017 at 7230 yen is within reach.