＜3697＞ SHIFT 17735 +630

Massive backlash. It has been announced that a 1:15 stock split will be implemented based on 1/23. By lowering the amount of money per investment unit, it seems that the purpose is to improve stock liquidity and expand the investor base. In addition, it has also been announced that a subsidiary will acquire shares in Mozu, which develops the 3DCG animation production business, and that it will acquire education businesses and human resource-related businesses provided by Infrastructure Top.

＜6460＞ SEGA SAMMY HD 2982.5 +253.5

Significant continuous growth. Daiwa Securities raised investment decisions from “2” to “1,” and the target stock price was also raised from 3350 yen to 4200 yen. Due to steady growth in the entertainment business and recovery in the game machine business, operating income for the fiscal year ended 26/3 was predicted to be 65 billion yen, a significant increase of 27% from the previous fiscal year, and it was determined that there was plenty of room for stock price increases at valuation levels similar to other game machine manufacturers. Furthermore, the increase in value of main IPs such as “Sonic” and “Persona” is the main reason for the expansion of the entertainment business.

＜4465＞ Niitaka 2190 +182

Massive backlash. Financial results for the first half of the year were announced the day before. Operating income was 0.878 billion yen, up 39.3% from the same period last year, and the September to November fiscal year was 0.45 billion yen, up 32.6% from the same period, continuing the trend of significant profit growth. The unchanged full-year forecast of 1.5 billion yen is rising, with upward expectations rising 1.6% from the previous fiscal year. The increase in detergent sales in the chemical business, cost reduction effects, and the contribution of subsidiaries seem to be behind the drastic increase in profit.

＜2354＞ YE DIGITAL 608 -121

Plummeting. Financial results for the 3rd quarter were announced the day before, and cumulative operating income was 0.96 billion yen, down 20.8% from the same period last year, and it seems that concerns about the unchanged full-year forecast of 1.8 billion yen and a 20.9% increase from the previous fiscal year also intensified. The first half of the year was 0.8 billion yen, up 11.4% from the same period last year. In addition to declining sales in the IoT solution business, it seems that investment in human capital and business capital has increased, and the cost of dealing with quality performance in logistics DX is increasing.

＜3744＞ Syos 338 -43

Plummeting. It was announced the day before that the annual dividend for the fiscal year ending 24/12, which had previously been planned to be 10 yen, will be undistributed, and it seems that negative impacts are ahead. Since the real value of STC shares held has declined markedly, it seems that the background is that 651 million yen is expected to be recorded as an evaluation loss of affiliated company shares in individual accounts. Also, on a consolidated basis, impairment losses of the US subsidiary of about 59 million yen are also recorded.

＜7624＞ NaiTo 123 -13

A sharp decline. Financial results for the 3rd quarter were announced the day before, and cumulative operating income was 0.2 billion yen, down 50.1% from the same period last year, and was viewed as a downward trend compared to 0.5 billion yen, which was revised downward at the time of the 2nd quarter settlement, and a 1.1% decrease from the previous fiscal year. The September-November fiscal year was 0.08 billion yen, down 14.3% from the same period last year, and the profit reduction rate shrank compared to the same 61.4% decrease in the first half of the year results, and although there were no major surprises, expectations took precedence the day before and were drastically high, so that reaction also intensified.

＜6279＞ Zuiko 1225 +68

There was a sharp backlash after switching back and forth. Financial results for the 3rd quarter were announced the day before, and cumulative operating profit and loss were in deficit of 0.3 billion yen, and profit and loss deteriorated by 1.39 billion yen compared to the same period last year. Incidentally, the full-year forecast was revised downward from the conventional surplus of 1.68 billion yen to a surplus of 0.2 billion yen. In addition to the decline in sales to Japan and China, it seems that sales slippage due to delays in progress of projects that have already been ordered has also occurred. However, the drastic downturn from the results up to the first half of the year is an expected line, and there seems to be a sense that bad materials are running out in the near future.

＜5727＞ Japanese titanium 1043 +32

Significant continuous growth. It was announced that the titanium powder business of the subsidiary Toho Tech will be transferred to the company on 25/1/1. Titanium powder is a raw material for WebTI (titanium porous sheet), and the purpose is to stabilize raw material procurement, establish an integrated production system, and speed up decision-making in WebTI business operations. The company's WebTI can be used as a porous transport layer in PEM type water electrolyzers that manufacture green hydrogen, and a mass production plant is currently under construction.

＜7203＞ TOYOTA's 2964.5 +129.5

Entering the backstage, they turned back and forth, and there was a big backlash. It has been reported that the ROE target will be raised by 2 times to 20%, and it seems that the development is viewed as evaluation material. The ROE market forecast for the fiscal year ending 25/3 is expected to be around 11%, but there also seems to be a policy to raise standards through business model innovation and active shareholder returns, leading to improvements in market evaluations. The time of achievement has not been disclosed, but it seems that it is expected to be around 30 years.

＜5991＞ NIPPATS 1929 +18.5

Continued growth. At the Tokai Tokyo Intelligence Lab, the investment decision was newly “outperformed,” and the target stock price is 2370 yen. The fact that growth in the DDS business is expected to continue in the future due to increased demand for nearline HDDs for data centers, the fact that profit margin recovery is expected for automotive products such as suspension springs and seats due to a recovery in production volume, etc., and expectations for increases and revisions to mid-term target values are points of interest. It seems that profit growth of 2 digits is expected next fiscal year and the next fiscal year.