＜5020＞ ENEOS 807.5 +22.6

Massive backlash. Daiwa Securities raised investment decisions from “3” to “2,” and the target stock price was also raised from 670 yen to 1010 yen. Based on the fact that they advocate working on both net profit expansion and equity suppression toward the mid-term target ROE of 10%, it has been determined that there is a certain degree of sustainability in the current high level of shareholder returns. Furthermore, the day before, it was reported that they were considering selling around 5-70% of the shares held during the JX Metals IPO, and there are expectations for increased shareholder returns.

＜2395＞ Shinnichi Kagaku 1604 +68

Massive backlash. Tokai Tokyo Intelligence Lab “outperform” investment decisions and set a new target stock price of 3600 yen. Significant profit improvements are anticipated due to order acquisition through aggressive test facility expansion, shifting to highly competitive company services due to budget compression of pharmaceutical companies, mitigation of the impact of large-scale upfront investments, and improved profitability by launching domestic breeding facilities. Operating profit for the fiscal year ending 25/3 is expected to be 2.35 billion yen, down 43.5% from the previous fiscal year, but the fiscal year ending 26/3 is 4.8 billion yen, up 92.0% from the same period.

＜7911＞ TOPPAN 3855 -303

The sharp decline continued. It was announced that it would acquire the flexible packaging/thermoforming container business of the US listed company SONOCO, and although there were no major movements the day before after the announcement, it seems that concerns about an increase in financial burdens prevailed today. The acquisition capital is 1800 million dollars, making it the largest M&A ever for the company. As for the performance results of the acquisition business, sales seem to be 1383.1 million dollars and adjusted EBITDA of 205.6 million dollars. The acquisition funds are covered by own funds and loans.

＜8830＞ Sumitomo no 4781 +249

Massive backlash. In addition to the company, Mitsubishi Estate and Mitsui Fudosan are significantly higher, and real estate is at the top of the rate of increase by industry. At the Bank of Japan monetary policy meeting held until the day before, it was announced that additional interest rate hikes would be postponed as expected by the market, but it seems that the stance was more pigeonish than expected at the subsequent presidential meeting. Along with this, it seems that there is a growing view that the possibility of implementing the January interest rate hike is also declining. Buying dominates real estate stocks, which are a disadvantage sector of rising interest rates.

＜7003＞ Mitsui E&S 1724 +120

Massive backlash. It was reported that they will embark on the manufacture of port cranes in Vietnam. Port development is progressing in Southeast Asia, which is promising as a production transfer destination from China, and demand for cranes is increasing worldwide due to movements to avoid Chinese cranes, etc., and it seems that the policy is to take in demand out of China from securing production capacity overseas. In cooperation with local companies, they aim for a system that supplies about 30 units per year within 2-3 years. Expectations for the growth of port cranes are once again increasing.

＜1938＞ Nichiritech 1266 +139

rapid expansion. The dividend plan increase for the fiscal year ending 25/3 was announced the day before. The amount will increase from the previous plan of 36 yen to 60 yen, and the dividend will be increased by 25 yen compared to the previous fiscal year. The dividend yield seen on the previous day's closing price basis was 5.3%, and the yield was increasing. For this fiscal year, it was decided to return the full amount of sales gains expected to be obtained during the fiscal year as dividends due to the sale of strategically held shares. Efforts will be made to improve capital profitability in order to continue progressive shareholder returns from next fiscal year onwards.

＜3909＞ Showcase 349 +80

Stops are highly proportional. It was announced that the online identity verification/easy eKYC tool has been adopted in the mortgage procedure identity verification process provided by Mitsubishi UFJ Bank. This is a SaaS-type eKYC tool that performs online identity verification work, a method that performs collation using a public personal authentication service/JPKI (Wa method) and collates facial photography with identity verification documents, and quickly performs identity verification from a smartphone or the web. Expectations for business expansion are ahead of time.

＜9468＞ Kadokawa 3689 -700

Stop-low proportional allocation. Announced a capital and business alliance with Sony G and implementation of a third-party allotment. Sony G will undertake the third-party allotment of shares to be implemented on January 7 next year, and will become the largest shareholder holding approximately 10% of the shares. In addition to considering joint investment in the content field, we are collaborating by finding people responsible for content production, etc. Since it was reported that Sony G was discussing the acquisition of the company in November, acquisition premium expectations were reflected thereafter, but the fact that it remained within the scope of additional investment became negative.

＜3135＞ Market E 964 +150

Stops are highly proportional. The expansion of the shareholder benefit system announced the day before was viewed as material. Conventionally, 500 yen worth of Quocards were presented to shareholders with 100 shares or more at the end of June, but after the end of June next year, digital gifts worth 25,000 yen will be presented to shareholders with 500 shares or more at the end of June and the end of December. The preferential yield for shareholders holding 500 shares is at the level of 12.3% based on the previous day's closing price. Also, the fact that monthly sales in November were strong, with a 33.4% increase from the same month last year, is also a positive factor.

＜4776＞ CYBOZU 2644 +500

Stops are highly proportional. The annual dividend for the fiscal year ending 24/12, which was previously 15 yen, has been changed to undecided, and it seems that they have decided to consider an increase based on progress in business results and forecasts for the next fiscal year's financial results. The annual dividend for the fiscal year ended 23/12 was 14 yen. In addition, earnings forecasts for the fiscal year ending 25/12 have also been announced. Operating profit is expected to be 8.44 billion yen, which is double the current fiscal year's forecast. Although active investments will continue to be made, it seems that a steady increase in sales in the cloud-related business is also expected.