＜6954＞ FANUC 4190 -251

A sharp decline. There was also an announcement of China's economic stimulus measures, and the backlash trend intensified over the weekend, but today the situation deteriorated. Also, multiple PMIs for China were announced today. The manufacturing PMI announced by the National Bureau of Statistics was 49.8, which was higher than the previous month's 49.1 and market forecast of 49.5, but the economic divide 50 declined for 5 consecutive months. Meanwhile, the Caixin/S&P Global announcement was 49.3, down from 50.4 in the previous month, a low level since July last year, and 50.5 below market expectations.

＜3446＞ JTEC CORPORATION 1640 -237

Plummeting. In response to the victory of Mr. Ishiwari in the Liberal Democratic Party presidential election, disappointment sales have become dominant in the stock group associated with the Takaichi clan. The company was speeding up its upward pace over the past weekend due to expectations of active measures to promote nuclear fusion power generation. Sukegawa Electric, Kamishima Chemical, etc. also had a sales advantage. In addition, Fixstars and the like have a sales advantage in quantum computer-related matters. There is a reaction that Azgent etc. have also become popular as cybersecurity-related.

＜3050＞ DCM 1579 +68

The year-to-date high was updated with significant continuous growth. Financial results for the first half of the year were announced last weekend, and operating profit was 21.1 billion yen, up 18.3% from the same period last year, and it has landed on the conventional plan line. Compared to the same 10.9% increase in the first quarter, the June-August fiscal year was in the form of an increase of 26.3% and an expansion in the profit rate. The full-year forecast of 34 billion yen, or 18.5% compared to the previous fiscal year, remains unchanged, but there seems to be a view that the possibility of excess achievement etc. has increased. Also, it seems that summer goods, disaster preparedness supplies, etc. were doing well in the June-August fiscal year.

＜3902＞ MDV 538 +35

Massive backlash. It was announced that 2 million shares, which is 5.24% of the number of issued shares, and treasury stock up to 1 billion yen will be purchased. The acquisition period is from today until 25/3/31. The purpose of acquisition is to improve shareholder profits through improvements in capital efficiency, implement flexible capital policies such as M&A, and secure excellent human resources by utilizing incentive plans for directors and employees. The sense of expectation that a high level of share buybacks will underpin immediate supply and demand prevails.

＜3099＞ Mitsukoshi Isetan 2226 -265

Plummeting. In response to the birth of the new governor Ishiwari, the depreciation of the dollar and appreciation of the yen have been reversed in the exchange market, and stocks merit depreciation of the yen, such as automobile stocks, have softened, and the decline in inbound demand due to the appreciation of the yen is being recognized even in a corner of department store stocks such as the company. Furthermore, in addition to being seen as an austerity group, Mr. Ishiwari seems to be focusing on resolving inequality correction, and concerns that it will lead to a decline in consumption among the wealthy in the future are also ahead.

＜6455＞ Morita HD 2203 +200

Massive backlash. Mr. Ishiwari, who was elected as the new president, has appealed for the establishment of the “Ministry of Disaster Prevention” until now, so it seems like it will become popular as one of the disaster prevention-related brands. In addition to handling fire engines, rescue vehicles, etc., they also handle disaster prevention equipment, etc., and have been an essential presence at disaster sites until now. Movements expecting an increase in demand due to the establishment of the Ministry of Disaster Prevention prevail. Furthermore, Nomi Disaster Prevention and Imperial Textile are also being purchased ahead of time as disaster prevention-related matters.

＜5659＞ Nissei Line 1229 +99

Massive backlash. An upward revision of earnings and dividend forecasts was announced last weekend. Operating income for the first half of the year was raised from 2 billion yen previously forecast to 2.4 billion yen, and from 4 billion yen to 4.9 billion yen for the full year. Strong demand for ultra-fine wires for solar panel manufacturing continues, and it seems that large orders for Nasron filters for carbon fiber applications and high-performance film applications are also expected. The annual dividend will also be raised from the previous plan of 46 yen to 56 yen, and the dividend will increase by 14 yen compared to the previous fiscal year.

＜8801＞ Mitsui No 1338 -127.5

A sharp decline. Major real estate companies, such as Mitsubishi Estate, Sumitomo Real Estate, and Tokyo Tatemono, are being drastically discounted across the board. Mr. Ishiwari was elected as the new president in the Liberal Democratic Party presidential election last weekend, leading to the view that the pace of normalization of monetary policy will speed up compared to Mr. Takaichi, who was the leading candidate. As a result, additional interest rate hike observations by the Bank of Japan by the end of the year will increase, and the outflow of funds from the real estate sector, where the burden due to rising interest rates is expected to increase, will intensify.

＜6899＞ ASTI 2238 -500

Stop-low proportional allocation. A downward revision of earnings forecasts was announced last weekend. Operating income for the first half of the year was lowered from 0.9 billion yen previously forecast to 0.55 billion yen, and from 2.5 billion yen to 1.3 billion yen for the full year, down 41.8% from the previous fiscal year. The background is a decline in sales prices due to price competition for EV cars in China, and deterioration in profitability due to soaring material costs, starting with copper. Also, the dividend, which was scheduled to be 150 yen per year, has also been announced to be reduced to 50 yen.

＜3962＞ Change HD 1395 +137

rapid expansion. The high return price level for August has been updated. In the Liberal Democratic Party presidential match last weekend, Mr. Ishiwari won a reverse victory in the runoff vote. As a result, it seems that interest is growing as a symbolic brand of “regional revitalization,” which is positioned as a priority policy of Mr. Ishiwari. In addition to hometown tax payment-related businesses, it looks like it is expected that there will be more room for activity as an enterprise that supports DX by local governments.