＜7163＞ SBI Sumishin Net Bank 3880 +80

Significant continuous growth. Jeffries Securities began coverage for 2 internet banks, and the bank's investment decision was “buy,” and the target stock price was set at 4700 yen. Since internet banks can reduce store costs, it is expected that their advantage over traditional banks will continue. Also, since it is a BaaS frontrunner and there is a possibility that the service will be drastically expanded, the bank was evaluated over Rakuten Bank. It is also estimated that the bank will benefit 34% from operating profit due to a 0.25% increase in interest rates.

＜8940＞ Intelix 850 +38

Significant continued growth. An upward revision of the first half earnings forecast was announced the day before. Operating profit was raised from the previous forecast of 1.29 billion yen to 1.74 billion yen. In addition to strong sales of Renovex condominiums, there is also an increase in profits from the renovation interior business, and it seems that profits from sales of profitable properties and the hotel business etc. have exceeded expectations even in the solution business field. There were positive expectations from the first quarter results, but evaluation movements, such as a further increase in the rate of change, prevailed.

＜7545＞ Nishimatsuya Choi 2369 +112

Significant continued growth. Monthly trends for December were announced the day before. Existing store sales increased 9.3% from the same month last year, showing positive growth for 2 consecutive months, and the largest growth rate since entering the 25/2 fiscal year. In addition to the same 4.2% increase in the number of customers, the customer unit price also increased 4.8%. As the temperature dropped, sales of winter clothing remained extremely strong, and it seems that sales of childcare/fashion accessories were also strong. Expectations are growing for an increase in business results in the fourth quarter.

＜9602＞ Toho 6217 -410

A sharp decline. “TOHO LINE-UP 2025” was announced the day before. The content is generally as expected, and there are few surprises. Stock prices remained in the high price range, and the pace of increase intensified after November, so the sense of exhaustion prevailed. Major notable works include “Mobile Suit Gundam GquuuuUUUX -Beginning-,” “Detective Conan: Afterimage with One Eye,” “Endless Scarlet,” “Demon Slayer: Infinity Castle Edition,” and “5 Centimeters Per Second.”

＜7965＞ Zojirushi Mahobin 1739 -74

The sharp decline continued. Financial results for the fiscal year ending 24/11 were announced the day before, and operating income was 5.96 billion yen, up 19.1% from the previous fiscal year, but an upward revision was announced on the 16th of this month. The annual dividend was raised to 40 yen from the previous plan of 34 yen. Meanwhile, operating profit for the fiscal year ending 25/11 is 5.75 billion yen, which is expected to decrease 3.4% from the same period. It seems that sluggish growth in domestic cooking appliances and an increase in SG&A expenses are also anticipated. While stock prices are in the high price range, movements that view the profit decline forecast for the current fiscal year as negative are taking precedence.

＜3333＞ Asahi 1516 -104

A sharp decline. Financial results for the 3rd quarter were announced the day before, and operating profit was 5.58 billion yen, up 13.4% from the same period last year, and the September-November fiscal year was 0.82 billion yen, up 16.5% from the same period. The unchanged full-year plan of 5.5 billion yen was also exceeded. Strong sales due to an increase in customer unit prices are the background for good performance. However, even though seasonality is strong, the profit level itself for the September-November period was not a surprise compared to actual values for the first half of the year, and it seems that the reaction where financial results expectations were ahead of time has intensified.

＜5535＞ Migaro HD 2189 +191

Significant continued growth. It was announced that shareholder benefits will be expanded to commemorate the 1st anniversary of the holding. Until now, it was assumed that 1000 yen worth of Quocard would be presented to shareholders with 100 shares or more at the end of 25/3, but this was changed to a Quocard 5,000 yen gift. By implementing a 1:2 stock split based on the end of February, the target will be shareholders holding 200 shares or more, but in effect, the preferential value will be 5 times higher. Note that the commemorative benefits are limited to this time, and in the future, shareholder return measures are being comprehensively considered.

＜3864＞ Mitsubishi paper 540 +69

rapid expansion. The outline of the medium-term plan up to the fiscal year ending 28/3 was announced the day before. Details are apparently scheduled to be announced in 25/5. Sales of 250 billion yen (forecast 197 billion yen for the fiscal year ending 25/3) and operating income of 20 billion yen (same 8 billion yen) have been set as numerical targets for the fiscal year ending 28/3. It also seems that sales in the functional products business are expected to expand. Also, as a medium- to long-term spirit, we are targeting sales of 300 billion yen and operating profit of 30 billion yen by doubling sales in the functional products business.

＜8227＞ Shimamura 8945 +324

Significant continuous growth. Financial results for the 3rd quarter were announced the day before, and operating income for the September-November fiscal year was 15.2 billion yen, down 2.1% from the same period last year, and market expectations were lowered by about 1 billion yen. Sluggish sales growth due to the effects of lingering heat, and unscheduled effects of SG&A expenses contributed negatively. Meanwhile, according to monthly trends for December, which were announced at the same time, existing store sales increased 14.9% from the same month last year, resulting in 2-digit growth for the first time in 16 months. Sales of winter goods remained strong due to a drop in temperature, leading to expectations for fourth quarter results.

＜7267＞ Honda 1432.5 +156

rapid expansion. Implementation of treasury stock acquisitions with an upper limit of 1.1 billion shares and 1 trillion 100 billion yen, which is 23.7% of the number of issued shares, was announced, and the scale led to a positive surprise. The acquisition period is from 25/1/6 to 12/23. In addition, a basic agreement on studies for business integration through the establishment of a joint holding company with Nissan was also announced. They also seem to be aiming for a stock transfer in 26/8. It seems that views that the company will have an advantage in terms of transfer ratios are also getting stronger.