<9072> NIKKON HD 1950 +14

A rebound after a decline. Announcement of the issuance of a 22 billion yen euro-yen convertible bond maturing in 2031. The conversion price is 2090 yen, with an increase rate of 7.95% compared to the previous day's closing price, and the ratio of potential shares is expected to be 8.45%. Meanwhile, to mitigate short-term impacts on supply and demand, a share buyback of 7 billion yen in off-hours trading has also been announced. This is expected to lead to improved capital efficiency, resulting in a predominately positive reaction. The funds raised through the convertible bond will be used for the share buyback and repayment of loans related to the acquisition of the U.S. subsidiary.

<3565> Ascentec 752 +100

Hit the stop limit high ratio distribution. An upward revision of performance and dividend estimates was made the previous day. The operating profit for the January 2025 period has been raised from a previous forecast of 0.72 billion yen to 0.93 billion yen, which is a 53.2% increase compared to the previous term. The sales in the virtual desktop business area appear to have increased significantly. The annual dividend is also raised from the original plan of 10 yen to 15 yen. Additionally, the establishment of a new company based on a strategic business partnership with the major U.S. software company, Cloud Software Group, seems to be contributing to positive expectations.

<6238> FURYU 1099 -62

Significant drop. SBI Securities changed the investment judgment from 'buy' to 'hold' and lowered the target stock price from 1260 yen to 1120 yen. The performance estimates have been lowered, focusing on the girls' trend business and the FURYU new business; for the March 2025 term, an operating profit of 2.65 billion yen is anticipated, which is below the company's plan of 3 billion yen. It is expected that the girls' trend business will take several more years for a full recovery, and also, significant restructuring is needed for unprofitable products in the FURYU new business.

<6619> WSCOPE 308 -15

Significantly continued decline. A revised forecast was announced the previous day concerning the operating outlook for the January 2025 period, which had been withdrawn. Operating profit is revised from a surplus of 4 billion yen before withdrawal to a deficit of 0.85 billion yen, and net profit is adjusted from a surplus of 0.5 billion yen to a deficit of 2.3 billion yen. In addition to the impact of applying the equity method on WCP from a consolidated subsidiary, there has also been a significant decrease in separators for automotive batteries due to deteriorating business conditions. The negative impact appears to be leading to greater downward revision than anticipated.

<9248> People, Dreams, Technology G 1598 -146

Significant decline. The delayed third-quarter financial results and the financial results for the period ending September 2024 were announced the previous day. The operating profit for the period ending September 2024 is 1.79 billion yen, a decrease of 37.4% year-on-year, significantly under the previous estimate of 2.9 billion yen. By recording a special loss of 1.2 billion yen including the impairment of fixed assets of its subsidiary, the net profit changed from a surplus of 1.7 billion yen to a deficit of 0.19 billion yen. The annual dividend plan was also revised down from 70 yen to 60 yen. The forecasts for the period ending September 2025 suggest a return to profit growth, but the significant underperformance compared to the previous period is viewed negatively.

<8136> Sanrio 4416 -744

Sharp decline. Announced the sale of 25.87 million shares and an over-allotment sale of up to 3.88 million shares. Of the shares sold, 14.87 million shares will be for overseas sale. Major banks such as Mitsubishi UFJ bank, Sumitomo Mitsui bank, and Mizuho bank will be the main sellers. The sale price will be determined between December 10 and December 13. The number of shares sold is expected to be a maximum of 12.6% of the total outstanding shares, excluding treasury shares, leading to concerns about supply and demand in the short term.

<9503> Kansai Electric Power 1907.5 +71.5

Significant rebound. The issuance price for the public offering was determined to be 1780.5 yen the day before. This represents a 3.0% discount compared to the previous day's closing price. Following the public offering announcement, the stock price had fallen by a maximum of 23.9%, but there has been increased buying back activities following the determination of the issuance price. The delivery date for the public offering shares is December 3rd. The upper limit for the fund raised is 379.4 billion yen, intended for the renewal of LNG and thermal power generation facilities, as well as for data centers and real estate business.

<4661> OLC 3538 +103

Significant rebound. Announced the acquisition of treasury shares in off-market trading. The maximum number of shares to be acquired is 18 million shares, representing 1.09% of the outstanding shares, with a purchase price of 3435 yen. Major shareholder Keisei Electric Railway will apply for the share buyback. As a result, Keisei's ownership ratio will decrease from 21.04% to 20.17%. The company plans to cancel all acquired shares, leading to an increase in per-share value and alleviating future supply and demand concerns. Note that Keisei is also in a favorable buying position.

<3681> V-Cube 241 +13

Significant rebound. The company has announced the signing of a basic agreement contract with DeepBrain AI, which is an innovator in virtual human video and conversational AI generated through AI. This marks the second domestic sales agent for the company, focusing on service development, marketing strategies, and gaining approval. The company plans to initiate verification experiments in Japan and begin actual deployment support. Expectations are rising due to advances in customer satisfaction and increasing demand.

<2590> DyDo 3290 +376

Surge. The third quarter financial results were announced the previous day, with cumulative operating profit at 6.42 billion yen, a 10.8% increase compared to the same period last year. While the first half was an increase of only 8.2%, it has turned into an increase in profits. Although the domestic beverage business is struggling, the success of the Turkish beverage business in overseas markets and the increase from the Polish subsidiary are behind the current good performance. The full-year plan of 4.4 billion yen has significantly exceeded expectations, and the possibility of exceeding targets is seen as high.