<285A> Kioxia HD 1601

Newly listed on the Main Board today. The initial price was set at 1,440 yen, which is 1.03% lower than the public offering price of 1,455 yen, and afterwards the market has favored buying. The company, formerly known as Toshiba Memory, has become the world's largest manufacturer of flash memory. In addition to the large scale of the public offering, the history of the company's fluctuating listing plans and the movements of Bain Capital in the U.S. are also seen as cautionary materials, contributing to a stable initial pricing situation.

<6146> Disco 43,360 +2,080

Significant continuation of gains. A technical briefing session was held the previous day. The theme seemed to be hybrid bonding. It appears that expectations have been raised for the added value of equipment in HBM, surpassing the current levels. There are also indications that the content raised expectations for performance contribution through HB adoption in HBM. Today, amidst mixed movements in the semiconductor sector, a strong movement stands out.

<3978> Macromill 1,225 +21

Continued rise. According to a large shareholding report submitted the previous day, Oasis Management has emerged as a major shareholder with a 7.12% stake. The purpose of the shareholding includes actions that may involve important proposals to protect shareholder value. Currently, TJI, a wholly owned subsidiary of the European investment fund CVC Capital, is in the process of a TOB at 1,150 yen per share aimed at complete acquisition. With Oasis's large holding, there are speculations regarding a potential increase in TOB pricing.

<8614> Tohyo Securities 561 -46

Significant decline. It was announced that 13.17 million shares, equivalent to 15.8% of the issued shares, will be repurchased through off-market transactions up to 8 billion yen. It is said that an agreement has been reached to allow major shareholders to submit their shares for sale, which seems to respond to the liquidation of activist-held shares. Although this may lead to an increase in per-share value, the stock price has significantly risen since October, contributing to a feeling of exhaustion in the market.

<6361> Ebara Manufacturing 2565.5 +94

Significant continuous rise. SMBC Nikko Securities maintains the investment rating of "1" and has raised the Target Price from 2300 yen to 2800 yen. With a high probability of setting a record profit in the fiscal year ending December 2025, the valuation seems to have been increased. In addition to the growth in the Energy business and precision electronics, it is expected that one-time factors such as goodwill impairment will also pass, raising the operating profit forecast for the fiscal year ending December 2025 to 100 billion yen.

<7256> Kawanishi Kogyo 158 +50

Limit up. An Auto Parts manufacturer with more than half of its business for Nissan. Reports of a merger between Nissan and Honda seem to be contributing to speculation. There are expectations for expanded sales to Honda, and there's a belief that restructuring with Honda-related interior parts manufacturers is being anticipated. The price level of the stocks also feels attractive, leading to a focus of short-term capital speculation. For parts manufacturers with a high degree of weight for Nissan, companies like Unipress and Yorozu also show a favorable buying trend.

<7012> Kawasaki Heavy 6364 +50

Rebound. SMBC Nikko Securities has upgraded the investment judgment from "2" to "1" and has also raised the Target Price from 5000 yen to 8700 yen. As a defense-related stock, it is perceived as relatively undervalued, and there is a significant potential for re-evaluation, leading to an awareness of the "risk of not holding." With the announcement of downside in the PS&E business, it is said that most of the bad news has generally been absorbed, and as the focus of the stock market shifts towards the fiscal year ending March 2026, it is determined that undervaluation will be recognized again.

<9325> Faiz HD 947 +66

Significant rebound. Announced the introduction of a shareholder benefit program. Shareholders with more than 100 shares as of the end of March are eligible; those with less than three years of continuous holding receive a 1000 yen Amazon gift card, while those with three or more years receive a 2000 yen card. It seems that shareholders from the end of March 2025 will be eligible, and the holding period will be calculated back to the end of March 2022. The aim is to enhance the attractiveness of the Stocks and to expand the investor base for medium to long-term holdings. Movements to positively assess the strengthening of shareholder return strategies are prevailing.

＜7201＞ Nissan Motors 417.6 +80

Hit the ceiling price. It has been reported that discussions are entering into a management integration with Honda. A holding company is to be established, with both companies hanging under it, and there is also a perspective of Mitsubishi Motors merging in the future. If the three companies integrate, the passengers carried will become the third-largest group in the world. Particularly since the company has been showing clear difficulties, the view is that the integration benefits are significant. On the other hand, Honda is perceived to be increasing its burden, leading to a sell-off.

＜5216＞ Kuramoto 234 +28

Sudden surge. It has announced the consolidated business forecast for the period ending December 2024 following the start of consolidated financial results. The forecast includes two months of performance estimates from Aiues Robotics from November to December, with an operating profit forecast of 90 million yen and ordinary income forecast of 28 million yen. Regarding the individual performance for the period ending December 2024, a downward revision was made in November, projecting an operating loss of 35 million yen and ordinary loss of 25 million yen. There is a positive evaluation movement towards achieving an ordinary profit on a consolidated basis.