<2428> Wellnet 888 +50

Marked rebound. Japan Communications announced the start of cooperation with the first "self-authenticated electronic money" to reduce social costs. Through this collaboration, they aim to jointly develop electronic money that combines reliable identity verification and the highest level of self-authentication, aiming to provide safe payment services and digital ride tickets for MaaS from next spring. With the government targeting an increase in cashless payment ratio, expectations for future expansion have taken the lead.

<7752> Ricoh 1663 -89

Marked decline. At Nomura Securities, the investment rating was downgraded from 'Buy' to 'Neutral', while the target stock price remained at 1700 yen. The stock price significantly outperformed the benchmark amidst the specific measures of the corporate value enhancement project, reflecting the substantial profit growth for the fiscal year ending March 2026 and subsequent growth scenarios being largely factored into the stock price. For further upside, potential acquisitions of software companies with significant synergy with sales networks, and profit enhancement of office equipment through industry consolidation progress are mentioned.

<3003> Hulic 1345.5 -77

Significant continued decline. Announcement of the sale of 85.37 million 4600 shares, as well as the implementation of sales through over-allotment with an upper limit of 12.8 million 6100 shares. The major shareholders, including Sompo Japan, Tokio Marine & Nichido, Tokyu Buildings, Taisei Corporation, and Okidenki, will be selling. The determination date for the sale price will be between December 10th and 12th. The main purpose is to expand the base of shareholders, reconstruct the shareholder composition, and further improve corporate governance. Caution against the impact of short-term supply and demand deterioration.

<3242> Urbanet 440 +60

Sharp rise. They announced the introduction of a shareholder benefit system the day before. Shareholders holding 500 shares or more at the end of June and December are eligible, and it seems that they will be rewarded with 2500 yen worth of Quo cards each. Shareholders with 1000 shares or more will receive 5000 yen worth of Quo cards. The shareholder benefit yield based on the previous day's closing price is around 2.6%, and the dividend/benefit yield is about 8.2%. As the attractiveness of the yield increases, it also leads to expectations for future performance.

<7746> Okamoto Glass 167 +50

Trading at daily limit up. U-MAP, a startup company specializing in thermal management materials, has announced a capital business alliance after establishing a mass production system for nitride aluminum ceramic substrates. This enables the production of the same substrate in a capacity of 0.03 million pieces per month and the start of sales of mobile products. The substrate is said to have high thermal conductivity and electrical insulation, making it ideal as a thermal management solution for optical communication LDs in data centers.

<7163> Sumitomo Mitsui Trust SBI Net Bank 3405 +500

Trading at daily limit up. There are increasing speculations of a takeover by NTT DoCoMo. According to some media reports, senior officials from major banks have indicated that NTT DoCoMo is moving towards acquiring the bank. It seems that SBI Holdings' chairman and president, Mr. Kitao, has also given the green light. Expectations for a takeover premium are on the rise. Ever since NTT DoCoMo announced its entry into the banking business, the bank's name has been previously mentioned as a potential acquisition target.

<1803> Shimizu Corporation 1196.5 +35.5

Significant rebound. Nomura Securities has upgraded the investment rating from "neutral" to "buy," and raised the target price from 960 yen to 1,450 yen. As the risk of loss in large projects decreases, it seems there is still room to incorporate improvements in medium-term construction gross margin. Considering the recent situation of delayed orders in redevelopment projects, it seems price negotiations with developers are also progressing. Meanwhile, the same securities firm appears to have downgraded the investment rating for Taisei Corporation.

<6952> Casio Computer Co., Ltd. 1140.5 +71

Significant rebound. The second quarter financial results, which were delayed due to unauthorized access, were announced, with operating profit at 10.3 billion yen, a 26.5% increase year-on-year, surpassing the previous estimate of 8 billion yen. On the other hand, the full-year estimate has been downgraded from the previous 16 billion yen to 14 billion yen, a 1.5% decrease compared to the previous fiscal year. It seems that unauthorized access has affected sales and production as well as business activities. However, it is practically a situation of upward trends, and there seems to be a prevailing sentiment that the bad news has already been absorbed.

<3103> Unitika 243 +7

Sharp rebound. Reports of withdrawal from the textile business have emerged. In addition to the ancestral clothing fibers, the company is withdrawing from a large portion of its functional material business, including nonwovens and industrial fibers, accounting for 40% of the company's revenue. It seems that they are looking for a buyer by the end of March 2026. Seeking financial support from major trading banks for corporate reconstruction, with Mitsubishi UFJ Bank and others inclined to waive debts in the range of 30-40 billion yen. It is a fact that the company is considering withdrawing from unprofitable segments of the textile business as a structural reform measure.

<8795> T&DHD 2824 +320.5

Rapid advance. A briefing was held the previous day, leading to expectations for strengthened shareholder returns. While there had been no specific mention of excess capital previously, this time it is specifically around 330 billion yen, aiming to utilize it effectively through growth investments and shareholder returns. The increase in treasury stock purchases is anticipated. Furthermore, there are considerations towards strengthening cash dividends from the upcoming fiscal year and an awareness of increasing the dividend payout ratio. It seems that they are also conscious of such situations.