Sankei Kogyo <1961>: 2386 yen (+108 yen)

Significant continued increase. At Tokai Tokyo Securities, the investment rating has been newly set to "outperform" with a target stock price of 3000 yen. Strong demand for construction of facilities such as semiconductors and rechargeable battery plants is expected to lead to increased profitability, with room for stock price growth based on valuations such as the P/E ratio. It is judged that there is potential for stock price growth. It is expected that from the fiscal year ending March 2024, a full-fledged phase of profit expansion will begin, with an expected operating profit for the fiscal year ending March 2025 exceeding the company's plan of 12.5 billion yen to 15.2 billion yen, representing a 31.2% increase compared to the previous period.

Toho Bank <8346>: 262 yen (+9 yen)

Significant continued increase. The company announced an upward revision of its earnings and dividend forecasts the previous day. The first-half net profit has been raised from the previous forecast of 3 billion yen to 4.5 billion yen, and the full-year forecast has been raised from 4.7 billion yen to 6.4 billion yen, reversing to an expected increase in profits. It seems that capital gains are expected to exceed the initial estimates, while credit-related costs are expected to be lower than initially forecast. The annual dividend is also raised from the planned 7 yen to 8 yen, an increase of 1 yen compared to the previous period.

Hino Motors <7205>: 483.2 yen (+18.2 yen)

Significant continued increase. It has been announced that a settlement has been reached in a lawsuit filed by a Canadian company seeking compensation for the engine fraud issue. The settlement amount is about 6 billion yen and is expected to be recorded as a special loss in the second quarter. In October 2023, a settlement with a U.S. company seeking compensation led to a settlement amount of about 35 billion yen. While there are remaining class action lawsuits in Australia related to the engine fraud issue, uncertainties are gradually diminishing. Today, factors such as the depreciation of the yen are also supportive.

INPEX <1605>: 1919 yen (-63 yen)

Sharp decline. In the NY crude oil market the previous day, the November futures contract ended trading 2% lower than the previous day, with a prevailing negative view on the decline in the crude oil market. It has been reported that OPEC Plus is expected to increase oil production in December, and there seems to be awareness of easing crude oil supply and demand. Saudi Arabia has reportedly withdrawn its unofficial goal of a $100 barrel of oil price, shifting to a policy that prioritizes market share recovery and is preparing for an increase in oil production in December.

Toyo Electric <8035>: 26,840 yen (+1,080 yen)

Significant surge. It has been reported that the proportion of AI-related revenue is expected to double to 30% in the fiscal year ending March 2025. In terms of amount, it seems to reach 690 billion yen, 2.5 times higher than the previous period. It is anticipated that the increase in demand will continue not only this fiscal year but also in the next, which seems to alleviate concerns about the future of AI semiconductors. In addition, aided by the strong earnings reports from Micron, among others, in the U.S. market, Applied Materials and others are also rising, with the SOX index showing an increase of about 3.5% providing support.

Rice Curry <195A>: 1,040 yen (+150 yen)

Stocks hitting the daily limit up. It has been announced that the company has acquired all shares of Matsumura Shoten, an OEM/ODM manufacturer that develops the planning and manufacturing business of original fashion accessories such as wallets, pouches, and bags for kids and teens, and will make it a consolidated subsidiary. This move has been favorably viewed by buyers. The acquisition price is approximately 0.95 billion yen. With this stock acquisition, the company will be able to significantly accelerate its entry into the OEM/ODM domain (product planning, manufacturing, production), and proceed with the establishment of a system as a community data platformer that handles planning, production, and sales promotion all at once.

Ekitan <3646>: 387 yen (+3 yen)

Extended gains. It has been announced that after the trading on the 26th, Ekisei-sha's entire shares will be acquired, making it a wholly-owned subsidiary, which is seen as a positive factor. By welcoming Ekisei-sha into the Ekitan Group, it was decided to make it a subsidiary as Ekisei-sha's SNS campaign tool 'Atatter', which it owns, is judged to contribute to strengthening the solution deployment in the business strategy of 'regional marketing platform', one of the strategies for local governments, regional businesses, and visit-based stores.

Rakkuoria Pharmaceutical <4579>: 546 yen (+1 yen)

Extended gains. The announcement of obtaining sales approval for the gastric acid secretion inhibitor Tegoprazan in Malaysia has led to buying activities taking the lead. Tegoprazan is a new mechanism gastric acid secretion inhibitor called a potassium ion competitive acid blocker developed by the company. The company holds the right to receive a portion of the revenue that HK Inno-IN, its licensee, receives from its partners. Although there is no upfront payment that the company will receive this time, it is believed that the expansion of sales to other countries will contribute to the improvement of business income and corporate value in the medium to long term.