Daido Steel ＜5471＞: 1471.5 yen (-25 yen)

Decline. Daiwa Securities downgraded investment decisions from “2” to “3,” and the target stock price was also lowered from 1800 yen to 1600 yen. The increase in profit levels due to the shift to high value-added products is reflected in stock corruption, and in the future, in addition to performance trends, including expansion of sales of stainless steel for semiconductor devices and recovery in sales volume of special steels, attention is also being paid to whether efforts to improve capital efficiency by expanding shareholder returns, etc. will be strengthened. While investment is expanding in the new mid-term plan, I have the impression that the message of improving capital efficiency is weak.

Metallurgy ＜5480＞: 5080 yen (+430 yen)

Significant continued growth. Daiwa Securities has upgraded investment decisions from “3” to “2,” and the target stock price has also been raised from 4,300 yen to 5600 yen. In the domestic nickel-stainless steel industry where restructuring has progressed, it has become easier to control sales prices, and in addition to good fundamentals, it seems that it has been determined that a sense of undervaluation can be found in valuation indicators such as PBR levels and total return yield. The total return amount per share for the fiscal year ending 25/3 is assumed to be 360 yen, and the total return yield is equivalent to 7.8%.

IIJ ＜3774＞: 2504 yen (+116.5 yen)

Significant continued growth. At Jeffries Securities, investment decisions have been upgraded from “hold” to “buy,” and the target stock price is 2870 yen. There is a high possibility that the impact of the price increase due to VMware will be greatest in the first quarter of the fiscal year ending 25/3, and it seems that it has been determined that concerns have already been factored into stock prices. The forecast PER for the fiscal year ending 26/3 is 21.5 times, and it seems that they are looking at it as cheap compared to the sector average. Furthermore, operating profit for the fiscal year ending 26/3 is expected to be 35.8 billion yen, up 21% from the previous fiscal year.

Fast Rite ＜9983＞: 41960 yen (+580 yen)

Continued growth. Monthly trends for June were announced the day before. Existing store sales increased 14.9% from the same month last year, and sales increased for 3 consecutive months, and a 2-digit increase for the first time in 2 months. In addition to the same 8.1% increase in the number of customers, the customer unit price also increased by 6.3%. The temperature matched the campaign, and sales of summer products were strong, and it seems that sales of new products that capture trends also remained strong. Furthermore, there are many places where sales of other clothing specialty stores also increased in June due to temperature effects.

Kasumigaseki Capital ＜3498＞: 16210 yen (+3000 yen)

The stop is high. Financial results for the 3rd quarter were announced the day before, and cumulative operating income was 3.64 billion yen, 3.5 times the same period last year, and the profit rate of increase has further expanded since the same 38.5% increase in the first half of the year. Both the logistics-related market, the hotel-related market, and the healthcare business seem to be progressing smoothly. The full-year plan is 8.5 billion yen, and the progress rate for the 91.3% increase from the previous fiscal year remains at 42.9%, but originally sales were likely to focus on the fourth quarter, and inventory assets were also steadily expanding, so financial results with a sharp increase in profit were directly evaluated.

AnyMind ＜5027＞: 1141 yen (+50 yen)

Continued significant growth. The main questions asked by investors in the 2nd quarter of '24 and their answers are disclosed. Among them, it was stated that “as the company as a whole grows, there is a possibility that the scale of M&A will gradually increase in the future,” and then “I would like to gradually increase the number of M&A cases per year,” and it has become a source of buyers. Also, it seems that it was revealed that gross profit for the first quarter of the D2C/EC business excluding contributions from DDI, which was acquired last year, increased 65% from the same period last year.

R Planner ＜2983＞: 1036 yen car -

Stop buying at a high price. The operating profit forecast for the fiscal year ending 25/1 has been revised upward from the previous 850 million yen to 1,180 billion yen (previous fiscal year results 532 million yen). In addition to the increase in the number of detached houses sold, gross profit has improved due to optimization of sales prices and price drops for some construction materials. At the same time, the year-end dividend forecast has been increased and revised from the previous 10.00 yen to 15.00 yen (10.00 yen for the previous fiscal year end results). It's 30.00 yen per year (15.00 yen in the first quarter).

Edge Technology ＜4268＞: 605 yen (+27 yen)

Significantly higher. It is assumed that digital human resource development for government offices and local governments through AI education services is being strengthened, and public offering projects that received orders or announcements in fiscal year 24 have been clarified. In addition to local governments such as ICT job specialized training (basic) in Tokyo and in-house advanced AI human resource development courses in Shizuoka prefecture, it is said that they have received orders for AI basic training from the Defense Equipment Agency. It is said that by incorporating unique proposals aimed at solving issues faced by government offices and local governments through data utilization, it led to project orders.