<4221> Okura Works +74
Significant rebound. Announced the implementation of the sale of 1,029,700 shares and the sale of up to 154,400 shares through an overallotment. Multiple financial institutions of major shareholders will become the sellers. The sale price will be determined between July 1st and 4th. On the other hand, in order to reduce the impact on supply and demand, the Company also announced the implementation of the acquisition of up to 1,200,000 shares, or 2.5 billion yen, of treasury stock, which accounts for 9.92% of the total number of issued shares. This is expected to lead to an increase in the value per share.
<9160> Nova Research and Development +25
Significant rebound. Polaris Third Investment Partnership, the largest shareholder, and TIARA CG PRIVATE EQUITY FUND 2013, L.P., the 2nd largest shareholder, announced that they will sell a part of their shares to TKP through a relative transaction. In connection with this, the Company and TKP have concluded a business alliance agreement, with TKP becoming the largest shareholder with a 33.00% stake. Expectations for synergy effects such as collaboration in the sharing of property information and the regeneration of buildings and spaces are high.
<3391> Tsuruha Holdings +249
Significant rebound. Last weekend, the Company announced its financial results for the fiscal year ending May 2024, with operating profit increasing by 8.0% year-on-year to 49.2 billion yen, slightly exceeding market expectations. On the other hand, for the fiscal year ending May 2025, a profit of 53.5 billion yen is expected, up 8.7% year-on-year. This level is about 2 billion yen above the consensus, and the reaction is expected to be positive, assuming a steady increase in existing store sales and a rise in gross profit margin. There was no additional information regarding the integration with Welcia.
<7860> Avex Group Holdings +54
Significant rebound. The Company announced an upward revision of its performance forecast for the fiscal year ending March 2025 last weekend. Operating profit remains unchanged from the previous estimate at 2 billion yen, a 58.1% increase year-on-year, while net profit is expected to be 4.5 times higher than the previous estimate, rising from 3 billion yen to 13 billion yen. It is said that THINKR, a subsidiary of the Company, will carry out a third-party allotment of new shares, which will result in a special profit of 1.9 billion yen due to the change in equity interest. It is expected that this will lead to a review of the Company's stock price, which had been in the low range.
<2317> Cybozu +18
Significant continuation of the uptrend. May monthly trends announced last weekend were a buy signal. Monthly sales increased by 11.4% year-on-year, while operating profit increased by 46.0% year-on-year. In the previous month, sales and operating profit increased by 6.0% and 33.5% year-on-year, respectively. The next-generation mobility business recorded a significant increase in revenue and profit, and the solution design business also recorded a significant increase in profit. The cumulative operating profit is thought to exceed the range of the company's plans for the year, which were estimated to decrease by 12.5% to increase by 8.1% compared to the previous year.
<9468> Kadokawa Corporation -239.5
Significant downturn. Some media sources are reporting on paid members about a cyber attack including ransomware against the Company Group, including a message from the perpetrator. There are reports that a ransom was demanded, which is again seen as negative. The Company is strongly protesting against the media as a report that could encourage cyber attacks on society in the future.
<5698> Envipro Holdings -41
Significant continued decline. The Company announced a downward revision of its performance and dividend forecast last weekend. With regard to the subsidiary NEWSCON, a special loss of 857 million yen, such as understatement penalty and delinquent tax, was recorded, and the net profit for the fiscal year ending June 2024 was revised downward from the previous estimate of 1.21 billion yen to 300 million yen. Sales, operating profit, etc. remain unchanged from the previous estimate. Due to the downward revision of net profit, the annual dividend has also been downwardly revised from the previous plan of 14 yen to 3 yen, a decrease of 11 yen compared to the previous year's dividend.
<9416> Vision +76
Surging significantly. Last weekend, we announced an upward revision of our performance forecast. Our first-half operating profit was raised from the previous forecast of 2.26 billion yen to 2.71 billion yen, and our full-year forecast was also raised to 5.71 billion yen from 5.25 billion yen. The improvement in gross profit margin seems to be progressing. However, the second-half plan is virtually unchanged due to delays in the recovery of Japanese overseas travel demand. For this year's first dividend, we also raised the annual dividend from the previous plan of 25 yen to 27 yen.
<3738> Tigaya 2365 +400
The upper limit for stoppage distribution is proportional. Although there is no clear purchase material on the surface, the background seems to be an increase in restructuring expectations. Last weekend, Sumitomo Corporation, the top shareholder of the company, held a general meeting of shareholders, and the CFO also stated that he is "strongly aware of the problem" that the stock price is inferior to that of other trading companies. In addition, although it is unconfirmed, some overseas media reports that Sumitomo Corporation is negotiating the sale of its held shares.
<4369> Toric Chemical 4420 +290
Marked rebound. Morgan Stanley MUFG Securities raised its investment rating from "equal weight" to "overweight" and raised its target stock price from 4,600 yen to 5,700 yen. They analyzed that the likelihood of business expansion after the second quarter of the fiscal year ending January 2025 has increased. In addition, the analysis shows that the stock became more attractive as an investment target after the stock price dropped after the first quarter results were announced. The operating profit forecast for the fiscal year ending January 2025 was revised upward from 3.4 billion yen to 3.64 billion yen, and for the fiscal year ending January 2026 from 5.06 billion yen to 5.6 billion yen.