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5 stocks that have benefited from a sharp rise in yen appreciation! Hokuetsu Corporation is 13% higher! The 141 yen level at the time of the 8/5 crash again?

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ビットバレー投資家 wrote a column · Aug 26 03:02
At the Tokyo Foreign Exchange Market on the 26th, the exchange rate of yen was 1 dollar = 143 yen 40 yen at one pointThe yen swayed a lot. Bank of Japan Governor Ueda Kazuo added on the 23rd of the previous weekendContinue to consider raising interest ratesWhile showing an attitude of doing so, Chairman Powell of the US Federal Reserve (Fed) was in SeptemberInterest rate cuts are almost clearThen,I was keenly aware of the prospect of a reduction in interest rate differences between Japan and the US. Bloomberg said, “In the phase of decline in the dollar/yen exchange rate that began in 22/10, the decline from the high price at that time reached about 16%, and assuming that the current depreciation of the dollar progresses on a similar scale,Developments that fall far below 140 yen in the next few weeksIt is expected,” he pointed out. From an exchange strategist”There is a high possibility that they will test the high price of 141 yen 70 yen added to the 5thWhile voices were heard saying”, bank officials felt that the dollar index was undervalued“There is a possibility that it will fluctuate back to around 145 yen” The point of view was also shown. We checked the main yen appreciation merit stocks that rose drastically due to the progress of the yen appreciation on the 26th. (Total market value of 50 billion yen or more)
What rose on the 26th when the pressure to buy yen intensified?
5 stocks that have benefited from a sharp rise in yen appreciation! Hokuetsu Corporation is 13% higher! The 141 yen level at the time of the 8/5 crash again?
$Hokuetsu (3865.JP)$
It rose 13.39% on the 26th.5th in the paper industry. Net profit for the 1st quarter of the fiscal year ending 25/3 compared to the same period last year due to a decline in pulp sales prices and an increase in raw material costs and logistics costs63% reductionIt was 2.3 billion yen. Although profit declined drastically, it was higher than market expectations. More than 60% of sales are domestic. The full-year earnings forecast remains unchanged, and sales are compared to the previous fiscal year4.4% increaseNet profit of 310 billion yen66.9% increaseExpect 14 billion yen. The largest shareholder is a Hong Kong investment fundOasis Management, known as an activist, holds approximately 20%. Daio Kaiun, a major shareholder holding 10%, is also in tune with Oasis's shareholder proposals, etc.Pressure from talking shareholders is intensifying
Changes in operating profit etc. of Hokuetsu Corporation (from financial results presentation materials for the fiscal year ending March 24)
Changes in operating profit etc. of Hokuetsu Corporation (from financial results presentation materials for the fiscal year ending March 24)
5 stocks that have benefited from a sharp rise in yen appreciation! Hokuetsu Corporation is 13% higher! The 141 yen level at the time of the 8/5 crash again?
$Workman (7564.JP)$
A chain specialized in workwear. The increase in purchase prices due to the depreciation of the yen was handled by price increases. Price maintenance policy without increasing prices for private brand products. Gross profit is improving.The estimated full-year rate is 1 dollar 145 yen 50 senTherefore, as the appreciation of the yen progresses, expectations for an improvement in performance increase. Total operating revenue (sales) for the fiscal year ending 25/3 is expected to increase 4.5% from the previous fiscal year to 138.5 billion yen, and net profit is expected to increase 2.1% to 16.3 billion yen.
Workman's Total Operating Revenue (Sales) and Operating Profit Trends
Workman's Total Operating Revenue (Sales) and Operating Profit Trends
5 stocks that have benefited from a sharp rise in yen appreciation! Hokuetsu Corporation is 13% higher! The 141 yen level at the time of the 8/5 crash again?

$Kobe Bussan (3038.JP)$
Franchise a supermarket that sells food products. There are a lot of imported materials. Purchase prices had risen due to the depreciation of the yen, but they were absorbed due to price increases. The actual ROE was 19.9%.Record high net profit forecast for the fiscal year ending 24/10
Changes in Kobe Bussan's operating profit and operating margin (from 2Q financial results briefing materials)
Changes in Kobe Bussan's operating profit and operating margin (from 2Q financial results briefing materials)
5 stocks that have benefited from a sharp rise in yen appreciation! Hokuetsu Corporation is 13% higher! The 141 yen level at the time of the 8/5 crash again?
$Nitori Holdings (9843.JP)$
The nation's top furniture and interior manufacturer and retailer. Overseas expansion is underway, mainly in Asia. Full-year sales for the fiscal year ending March 31, '25 compared to the previous fiscal year7.2% increaseNet profit of 960 billion yen6.3% increaseIt is expected to be 92 billion yen.
▼ Changes in NITORI's operating profit/operating margin (company website)
▼ Changes in NITORI's operating profit/operating margin (company website)
5 stocks that have benefited from a sharp rise in yen appreciation! Hokuetsu Corporation is 13% higher! The 141 yen level at the time of the 8/5 crash again?

$Seria (2782.JP)$
2nd place among 100 yen shops. Profit margins are high due to the company's business efficiency improvement system. The depreciation of the yen is a headwind, but sales are growing year by year. Full-year sales for the fiscal year ending March 31, '25 compared to the previous fiscal year4.3% increaseNet profit of 232.8 billion yen1.3% increaseIt is expected to be 9.9 billion yen.
Celia's Net Sales and Operating Profit Trends (Financial Results Explanatory Material for the Fiscal Year Ending March 31, '24)
Celia's Net Sales and Operating Profit Trends (Financial Results Explanatory Material for the Fiscal Year Ending March 31, '24)
5 stocks that have benefited from a sharp rise in yen appreciation! Hokuetsu Corporation is 13% higher! The 141 yen level at the time of the 8/5 crash again?


Since the dollar yen broke through the lower price support line (red) from 2022 onwards in early August, the support line began to function as a resistance line, and the upper price has been suppressed.
5 stocks that have benefited from a sharp rise in yen appreciation! Hokuetsu Corporation is 13% higher! The 141 yen level at the time of the 8/5 crash again?
―MooMoo News Kathy
Source: IR materials from various companies, Bloomberg, Quarterly Report, Moomoo
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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