＜4911＞ Shiseido 4681 -234

The sharp decline continued. The consultancy company Bain announced yesterday that this year's worldwide sales forecast for luxury goods for individuals will increase by 0-4% compared to the previous year. It seems that growth is expected to be sluggish since 2020. The deceleration is most prominent in China, and it has been pointed out that those who can buy luxury goods are also refraining from actively purchasing. Concerns about the effects of the decline in Chinese consumption take precedence for cosmetics companies such as this company. Pola Orbis, Kose, etc. are also sluggish.

＜1419＞ Tama Home 3980 +170

Significant continued growth. A downward revision of earnings for the fiscal year ending 24/5 was announced the day before. Operating income seems to have completely declined from the previous forecast of 14.1 billion yen to 12.5 billion yen, down 5.8% from the previous fiscal year. In the custom-built housing business, it seems that the number of buildings to be handed over was lowered due to the effects of prolonged sluggish market conditions. However, since there was a drastic decline in profit up to the 3rd quarter, down 81.1% from the same period last year, the view that the downward trend was on the expected line, or rather, that the decline in profit remained smaller than expected seems to prevail.

＜8070＞ Made in Tokyo 701 +36

Massive backlash. Financial results for the fiscal year ending 24/3, which had been delayed the day before, have been announced. Operating profit and loss were in deficit of 4.4 billion yen, which was lower than the previous forecast deficit of 2.8 billion yen due to deterioration in profit and loss of 5.12 billion yen compared to the previous fiscal year, product evaluation losses, debt loss, debt loss, etc. Meanwhile, a surplus of 1.6 billion yen is expected for the fiscal year ending 25/3. There are few major positive surprises, but since the annual dividend of 36 yen continues, it seems that awareness of high dividend yield levels is increasing.

＜4704＞ trend 6359 -304

A sharp decline. It is a company stock buyback with an upper limit of 6.3 million shares, which is 4.64% of the number of issued shares announced on 2/15, and 40 billion yen, but it was announced the day before that acquisition up to the upper limit was completed. Assuming that it will lead to future supply and demand mitigation, it also seems that it is leading to sales materials. Also, at Jeffries Securities, the target stock price has been lowered from 8880 yen to 7600 yen due to continued investment decisions “hold” based on stock price adjustments for the entire sector.

＜4107＞ Iseka 24550 -7000

Stop cheap. In response to the increase in the contract deposit rate and the implementation of security increase measures, the movement of close out sales intensified from the day before. Also, it seems that the fact that Philip Securities has made a new “cell” investment decision and set a target stock price of 14,500 yen is viewed as evidence. According to the securities, demand for iodine generated by perovskite solar cells is only 3% of domestic annual production, and the stock price seems to have determined that expectations for perovskite solar cells are excessively factored in.

＜6525＞ KOKUSAI 4720 -280

Significantly cheaper. The first IR Day since listing was held the day before. Details of the market outlook and medium-term targets have been updated, and it is explained that WFE is 120 billion dollars or more (previously 110-120 billion dollars) and sales of 330 billion yen (300-330 billion yen) on the timeline for the next 3-4 years. The surprises were limited, and it seems that the sense of anticipation was ahead of them, and it felt like they were exhausted. Also, it seems that CLSA Securities downgraded investment decisions from “underperform” to “cell.”

＜7388＞ FP Partner 2605 -700

Stop cheap. Stock prices had plummeted after the 12th in response to some media reports titled Life Insurance, which is slipping closer to the “big motor in the life insurance industry,” but today the decline widens once again. It was reported that it became known that the Financial Services Agency was embarking on fact-finding investigations over transactions between the company and life insurance companies that outsource sales, leading to an even greater sense of caution. If doubts about excessive provision of convenience or provision of real benefits intensify, they are also considering going through on-site inspections.

＜9722＞ Fujita Kan 8100 +980

Significant continued growth. They were bought up to a high level the day before. It has been reported that 3D Investment Partners, which is a Singaporean investment fund, intends to purchase the company's shares from DOWA, a major shareholder holding 31.9%, and it seems that speculations about the restructuring premium are taking precedence. In the letter sent to the DOWAHD board of directors, it seems that the intention to buy all of the company's shares held was also conveyed in some overseas media.

＜3778＞ Sakura 4805 -145

Significantly cheaper. The subsidiary Planus Solutions announced that it has received an order for the “Reiwa 6 Cloud Service Set for Large-scale Language Model Construction” from the National Institute of Informatics, Information and Systems Research Organization. The total amount of orders received is approximately 2.79 billion yen, and it is scheduled to be offered by 25/3. It was regarded as positive material. However, in addition to profit-taking sales ahead of the 25-day line level, it seems that sluggish growth in one part of generative AI (artificial intelligence) related stocks also resonated.

＜7211＞ Mitsubishi from 455.2 +37.5

Significant continued growth. There are reports that it is a policy to expand shareholder returns for the fiscal year ending 25/3. Against the backdrop of a recovery in business performance and the accumulation of net cash, it seems that an increase in the estimated annual dividend amount for the current fiscal year, which is 15 yen per share, and share buybacks since '18 will also be taken into consideration. It is said that concrete measures for additional return will be decided at the stage where plans for growth investments such as electrification have been made. Incidentally, the dividend payout ratio for the current fiscal year is expected to be in the 15% range as of the beginning of the fiscal year.