<8524> Bank of Beihai 381 -80
Stop loss. In today's all-day decline, the banking sector has become one of the top decliners in the industry. Due to the underperformance of employment statistics, the long-term interest rates in the United States fell to the lowest level since December 2023. In addition, in the domestic bond market, the yield of newly issued 10-year government bonds reached its lowest level in about four months. As a result of the decline in Japanese and American interest rates, selling pressure is expected to gather along with the insurance sector. The bank reflects the expectation of the Lapidas effect and other things, and its relative increase rate in the sector is relatively high.
<2440> Gurunavi 279 -7
Significant continuation of losses. The first quarter earnings results were announced last weekend, with operating profit of 0.14 billion yen, an improvement from the loss of 0.21 billion yen year-on-year, and an upward revision from the previous forecast of a deficit of 0.33 billion yen in the first half and a profit of 0.01 billion yen for the full year to 0.22 billion yen. The support for the food service support business is a successful start and the thorough control of costs has also increased profitability. However, as a result of the investor psychology of overall decline, it has been dragged down.
<7974> Nintendo 6607 -1308
Rapid decline. The first quarter earnings results were announced last weekend, with operating profit of 54.5 billion yen, a decrease of 70.6% compared to the same period last year, and significantly lower than the market expectation of around 80 billion yen. The decline in sales of game consoles and the decline in mobile/IP-related income were the main reasons. Negative views on the significant decline in earnings, more than expected, while enjoying the benefits of a weak yen. The full-year plan of 400 billion yen, a 24.4% decrease from the previous period, remains unchanged, but the situation is such that a downward revision is also expected if the effect of a weak yen is taken into account.
<6908> Iliso Electronics 2355 -500
Stop loss. The first quarter earnings were announced last weekend, with operating profit falling 80.3% year-on-year to 0.19 billion yen. The unchanged full-year plan is 7 billion yen, which is perceived as lower than expected. Weak sales growth, exchange rate effects, soaring raw material prices, and new ERP launch troubles are the reasons for the significant decline in profits. The decline in sales is attributed to the reaction to some part of the previous quarter and the slowdown in the growth rate of the automotive market due to the low growth rate of EV sales.
<5384> Fujimi 2421 -500
Stop loss. The first quarter earnings were announced last weekend, with operating profit of 2.63 billion yen, up 11.6% from the same period last year, and on track with the unchanged full-year plan of 8.5 billion yen, up 3.0% from the previous period, and exceeding market expectations. The silicon wafer polishing business is doing well and is leading the way, but expectations were already high due to the earnings of Shin-Etsu Chemical. Although the impact of the downturn is increasing due to market conditions, concerns such as sluggish growth in the company's main CMP slurry business are also emerging.
<6849> Nippon Kogaku 1595.5 -500
Stop loss. The first quarter earnings were announced last weekend, with operating losses of 1.2 billion yen, and the first half forecast was revised downward from the previous forecast of 7 billion yen to 3 billion yen, a decrease of 59.9% compared to the same period last year. Both domestically and overseas, the budget execution is biased towards the second half more than expected, and China continues to be sluggish. In particular, the negative view of the downturn in domestic sales is reflected. While maintaining the full-year forecast, the view that the hurdle for achieving it is high is dominant.
<7729> Tohsiba Precision 7153 -1500
Stop loss. The first quarter earnings were announced last weekend, with operating profit falling 3.9% year-on-year to 4.08 billion yen, about 1 billion yen below market expectations. It has announced a new outlook for the fiscal year ending March 2025, where operating profit is expected to increase by 6.7% compared to the previous year to 27 billion yen. The market consensus is estimated to be around 32 billion yen, and it is expected to be in the form of a sharp downswing. It also assumes a guidance that does not assume recovery in consumer business, indicating a strong conservative element.
<3836> AvantG 1426 +205
Sharp rise. The company released its financial report for the June 2024 fiscal year last weekend. Operating profit was ¥4.1 billion, a 24.6% increase compared to the previous year and exceeded the previous estimate of ¥3.85 billion. The operating profit margin until the third quarter was still at a low 5.3%. The forecast for the June 2025 fiscal year is ¥4.9 billion, a 19.5% increase from the previous year, expected due to the steady increase in orders. The annual dividend is planned to be ¥25, an increase of ¥6 from the previous year
<4483> JMDC 3066 +53
Significant rebound. Operating income declined sharply by 57.2% year-on-year to 1.09 billion yen in the first quarter financial results announced last weekend. However, the base income, excluding the shift in the previous year such as subsidiary transfers and retirement and severance pay for subsidiary executives, increased by 20%. The earnings outlook for the first half was also announced this time, with operating income of 1.71 billion yen expected in the July-September quarter, a 62% increase from the previous year.
<4689> Line Yahoo 338.8 -11.8
Significant decline. The company reported its first quarter results last weekend, with operating profit of ¥106.8 billion, a 79.8% YoY increase. The profit from the loss of control of a subsidiary is included in the report, but even without it, it exceeded the consensus. In addition, the company announced a share buyback through a tender offer, acquiring 86.59 million shares, or 5.06% of the issued shares, for ¥150 billion. The purchase price is ¥388, and the offer period is from today until September 2. However, the market environment has caused a downturn.