<8050> Seiko G 4740 +375

Significant continued rise. Nomura Securities has maintained its investment determination as 'Buy' and raised the Target Price from 5600 yen to 6100 yen. Currently, robust domestic sales are prominent, and not only inbound demand but also domestic demand is expanding, with the operating profit for the fiscal year ending March 2025 being revised upward to 19.5 billion yen against the company plan of 18 billion yen. Marketing activities in the luxury market are yielding results, and future sales expansion of global brands such as 'Grand Seiko' and 'Prospex' is expected to drive growth.

<4286> CLHD 741 -109

Sharp decline. A downward revision of the performance forecast for the fiscal year ending December 2024 has been announced. Operating profit has been reduced from the previous forecast of 1.7 billion yen to 0.3 billion yen, a 72.2% decrease compared to the previous period. In addition to the decline due to lost large projects and annual projects in CDG, the profitability of the Legs' new event business has fallen short of expectations, contributing to the downward adjustment. The annual dividend has also been reduced from the previous plan of 27 yen to 5 yen. The substantial downward revision and dividend cut are expected to have a negative impact.

<3985> Temona 226 +37

Soaring. It has been announced that the Japan Subscription Business Promotion Association will commence the co-creation type fraud information platform 'Subscription Shield,' and the fraud order detection service 'E-Shield' will be supplied as OEM. By merging the company's know-how with the fraud data of subscription businesses using 'Subscription Shield,' the company aims to strengthen measures against fraudulent orders. Expectations for expansion of business operations seem to be leading.

<1433> Bestella 937 -62

Substantial continued decline. The results for the third quarter were announced the day before, with cumulative operating profit at 0.13 billion yen, up 30.8% year-on-year. However, for the period from August to October, there is a deficit of 0.08 billion yen, representing a deterioration of 0.24 billion yen compared to the previous year. The full-year forecast of 0.5 billion yen, double the previous period, remains unchanged, but there are concerns about potential downward adjustments. It appears that conservative accounting of costs related to large subcontracted projects that are under additional negotiations is contributing to the recent decline in profit levels.

＜3657＞ Paul HD 431 -65

The stock plunged. The company announced its third-quarter earnings the previous day, with cumulative operating profit at 0.63 billion yen, a 9.8% decrease year-on-year, and the view that the hurdle to achieve the full-year plan of 1.8 billion yen has become higher seems prevalent. The company also acknowledges that the hurdle for profit achievement is somewhat high, but recognizes that the cooling of the domestic solution business is temporary. Regarding the broadcasting business, it is stated that in the fourth quarter, the delivery of contract work will be concentrated, and sales from 2.5-dimensional stage productions are also planned.

＜6146＞ Disco 40410 -1530

Significant decline. The company's stock, along with major semiconductor-related companies, is generally performing poorly. In the USA market, the SOX Index has decreased by 2.5%, and stocks like NVIDIA, Intel, and AMD are also underperforming. Additionally, Samsung Electronics appears to be facing risks from currency volatility amid uncertainties in South Korea's political situation. The impact of declining overseas-related stocks seems to be spreading to domestic semiconductor stocks.

＜6135＞ Makino Milling 7300 +130

Significant continued rise. SMBC Nikko Securities upgraded its investment rating from "2" to "1," and raised the target price from 5,400 yen to 9,300 yen. While many FA stocks are likely to shift to a decrease in operating profit this period, the company, which can report solid performance, is likely to be preferred within the sector. There is a robust backlog of orders primarily related to aircraft, and there is strong reassurance regarding performance. Additionally, if the capital policy is successful, ROE for the March 2027 period is expected to reach 8%, indicating significant potential for reevaluation.

＜1766＞ Tokken Corporation 11530 +530

Significant continuation of growth. The company announced an upward revision of its earnings forecast the previous day. For the first half, operating profit was revised upwards from the previous forecast of 5.46 billion yen to 10.3 billion yen, an 85.4% increase compared to the same period last year, while for the full year, it was revised from 14.2 billion yen to 19.2 billion yen, a 47.6% increase over the previous period. The increase in order amounts, improvement in cancellation rates, and a thorough progress management leading to shortened construction periods are the background for this upward revision. Expectations for significant profit increases from the first quarter results seem to have existed, and the magnitude of the revision leads to a buying impact.

＜7856＞ Hagiwara Industry 1580 +153

It surged significantly. The financial results for the period ending October 2024 were announced the previous day, with operating profit at 2.1 billion yen, a 6.0% increase compared to the previous period, which is slightly below the original forecast of 2.2 billion yen. Meanwhile, the year-end Dividends have been raised from the original plan of 25 yen to 35 yen, and the total annual Dividends have been set at 60 yen, which is an increase of 10 yen compared to the previous period. In addition, the operating profit for the period ending October 2025 is expected to be 2.4 billion yen, with a forecasted increase of 14.4%, indicating a double-digit profitability increase, and the annual Dividends are planned to increase by 5 yen to 65 yen.

＜3921＞ Neo Japan 1937 +8

It rebounded. The third-quarter financial results were announced the previous day, showing an operating profit of 1.38 billion yen, a 27.3% increase compared to the same period last year, and the full-year plan was revised upwards from the previous forecast of 1.61 billion yen to 1.88 billion yen, representing a 45.3% increase compared to the previous period. In September, a price revision for the cloud play was implemented, and the stable sales of products have contributed to the upward revision. Additionally, the annual Dividends have been raised from the original plan of 28 yen to 31 yen, an increase of 8 yen compared to the previous period.