Isetan Mitsukoshi ＜3099＞
The revised earnings forecast for the fiscal year ending March 31, 2025 was announced. Sales were revised upward from 548 billion yen to 556 billion yen, and operating profit was revised upward from 64 billion yen to 72 billion yen. It exceeds the consensus (around 67 billion yen). Sales increased drastically at stores in the Tokyo metropolitan area against the backdrop of an increase in inbound (foreign visitors to Japan) demand. Regarding the current appreciation of the yen, it seems that the customer base seeking the company's luxury brand has expressed the view that they will not refrain from buying to the extent that it has advanced slightly to the extent that the yen has appreciated slightly.
CMK＜6958＞
Last week's sharp drop fell below 400 yen for the first time in about 3 years. The trend has worsened, but in addition to falling to the bottom level, it has fallen below -3 σ in weekly Bollinger Bands, so it is likely that people are aware that it is oversold. Stochastics will also move towards a stance aiming for a rebound due to a decline to the level of being oversold.