＜7272＞ 1328.5 +16 from Yamaha

Significant continued growth. At JPMorgan Securities, investment decisions were raised from “neutral” to “overweight,” and the target stock price was also raised from 1300 yen to 1700 yen. A bottoming out due to the completion of inventory adjustments in the US outboard motor business is cyclically expected, and structurally, the trend of increasing the size of outboard motors and the growth of the motorcycle business in India and Brazil are expected, and profit margins close to 2 digits are analyzed as sustainable. Within the sector, it is also evaluated as promising as an escape destination from large automobile stocks where concerns are growing.

＜2587＞ Suntory BF 5038 -87

The sharp decline continued. SMBC Nikko Securities downgraded investment decisions from “1” to “2,” and the target stock price was also lowered from 6300 yen to 5600 yen. There is a sense of instability in business performance, such as intensifying competition with Coca Cola, cost increases above domestic expectations, product portfolio issues in Europe, etc., and the accuracy of operating profit growth in the latter half of the one-digit range of mid-term targets is unlikely to increase. He also pointed out that the lack of improvement in dialogue between management and the stock market was also a disappointment factor.

＜1904＞ Taisei Onjyo 3555 -325

Significantly cheaper. Sales of 0.3 million100 shares and implementation of sales due to overallotment with an upper limit of 0.04 million5000 shares were announced. The seller is Mr. Hideo Mizutani, who is a major shareholder, and the sales price will be determined between December 16 and 19. In order to mitigate deterioration in supply and demand due to sales, it is planned to carry out off-site transactions with 0.1 million shares, which is 1.61% of the number of issued shares, and share buybacks with an upper limit of 0.42 billion yen, but it is a movement to be wary of short-term deterioration in supply and demand amid scarce stock liquidity.

＜7578＞ Nichiryoku 181 +50

Stops are highly proportional. A basic outsourcing agreement was signed with JA Zenno, and it is said that services will begin to be provided to the JA Zenno Living Support Department/Chugoku Energy Life Office and Ehime Prefecture JA from 25/4. It is said that an increase in customer acquisition can be achieved by receiving everything from consultations on graves and consultations related to reburial due to arrangement of graves and referrals from graves transfer destinations for next-generation mourners, etc. residing outside of the prefecture that are members of each JA prefecture union.

＜4755＞ Rakuten Group 921 +58.1

Significant continued growth. Shareholder benefits for shareholders as of the end of the fiscal year ended 24/12 have been announced, and it seems that the development is well received. The “Rakuten Mobile” line voice+data (30GB/month) plan will also be offered free of charge for 1 year to shareholders holding 100 shares or more. The purpose is for people to deepen their understanding of the “Rakuten Mobile” service they focus on by experiencing the service. In order to use it, it is necessary to apply in advance on the “dedicated site” within the application period.

＜9678＞ Kanamoto 3125 +120

Significant continued growth. Financial results for the fiscal year ended 24/10 were announced last weekend, and operating profit was 14.6 billion yen, up 21.8% from the previous fiscal year, slightly above the previous forecast of 14.1 billion yen. Due to the implementation of dividends commemorating the 60th anniversary of establishment, the annual dividend was also raised from the previous plan of 75 yen to 80 yen. Operating profit for the fiscal year ending 25/10 is expected to increase 3.6% from the same period to 15.1 billion yen. In addition to strong financial results, 0.9 million shares, which is 2.54% of the number of issued shares, and share buybacks with an upper limit of 2 billion yen have also been announced.

＜5463＞ Maruichi Steel Tube 3492 +234

Significant continued growth. It has been announced that 5.5 million shares, which is 6.76% of the number of issued shares, will be implemented with an upper limit of 20 billion yen. The acquisition period is from 12/9 to 25/6/20. The purpose of the acquisition is to improve capital efficiency and enable flexible capital policies to be carried out. It seems that some of them will be carried out through off-site transactions, but movements expecting an impact on supply and demand due to high levels of stock buybacks have taken precedence. There also seems to be a surprise in implementing a stock buyback at this timing.

＜2353＞ Japanese rent 209 -16

The sharp decline continued. Financial results for the first quarter were announced last weekend, and operating profit was 1.96 billion yen, up 16.4% from the same period last year. In addition to a steady trend in the main parking business, the theme park business improved drastically. Surprises can be said to be limited, and it seems to be a steady trend against the unchanged first half plan of 3.7 billion yen and a 12.9% increase, but stock prices rose after the financial results were announced in September, and expectations for the expansion of business results for the current fiscal year were factored in, so it seems that a sense of exhaustion takes precedence.

＜3193＞ Eternal G 2998 -192

The sharp decline continued. Financial results for the first quarter were announced last weekend, and operating profit was 0.73 billion yen, down 2.9% from the same period last year. The plan for the first half of the year was 1.82 billion yen, up 9.4% from the same period, and 4 billion yen for the full year, up 23.2% from the previous fiscal year, so it was taken as a sluggish start. Although monthly sales continue to be steady, it seems to be a downward trend compared to the plan. Existing store sales increased 21.6% in the previous fiscal year, but the rate of increase in sales has remained in the 1-digit range for the past 3 months.

＜9627＞ AIN HD 4540 -480

The sharp decline continued. Financial results for the first half of the year were announced last weekend, and operating profit was 5.87 billion yen, down 32.9% from the same period last year, falling below the previous forecast of 6.77 billion yen. Since there was a slight upward correction from 6.64 billion yen to 6.77 billion yen at the time of financial results for the first quarter, there was a negative impact on the downside financial results. The gross profit margin of the pharmacy business declined compared to the plan. Although the full-year forecast of 19.4 billion yen, which was revised upward at the time of financial results for the first quarter, remains unchanged, there are concerns about the downside.