<9041> Kintetsu GHD 3512 +215

It rebounded significantly. JP Morgan Securities has upgraded its investment rating from 'Underweight' to 'Neutral' and raised its target stock price from 3400 yen to 3700 yen. It has judged that this year's performance can be covered by the upside of railways, hotels, and travel, and has evaluated that the bottom of air cargo can be seen. It is expected that the transportation demand for semiconductor-related and electronic components will recover from the second half of the year. In addition, it is expected that the new mid-term plan starting in March 2026 will become a catalyst in the future.

<5535> Migaro HD 1950 +277

It surged. Group company DXYZ has announced that it has introduced a system collaboration between the facial recognition platform 'FreeiD' and Haseko's information utilization platform 'LIM Cloud', and has started a verification experiment of the 'All Facial Recognition Apartment' by introducing the collaboration system to Haseko Real Estate's concept-type rental apartment 'WORVE Naha Izumizaki'. It seems to be seen as a purchase material as it will lead to the spread of 'FreeiD' in the future.

<3661> M-Up 1364 +97

It rebounded significantly. SBI Securities continues to recommend a 'buy' rating and has raised its target stock price from 2410 yen to 2430 yen. It is considered to be a central player in the expanding electronic ticket market and can be evaluated from a medium-term perspective. The growth rate of topline in the first quarter remained in single digits in the electronic ticket business, but it is judged to be temporary due to changes in the system. In addition, the temporary expenses are the factors for the decrease in the operating margin, and it is expected to improve from the second quarter onwards.

<6315> TOWA 6860 -450

It fell significantly. Okasan Securities continues to recommend a 'bullish' rating, but has lowered its target stock price from 13600 yen to 9500 yen. It seems to take into account the slowdown in demand in China, the risk of regulatory tightening, and the valuation of industry peers, considering that the accelerated expansion of AI-related equipment demand is subsiding. The earnings forecast for this fiscal year and beyond has been revised slightly downward. However, the outlook for the expansion of compression equipment sales in the medium term remains unchanged.

<9613> NTT Data 2310 +48.5

Significantly continued to rise. Morgan Stanley MUFG Securities has upgraded its investment rating from 'Equal Weight' to 'Overweight' and raised its target stock price from 2600 yen to 2900 yen. Although the first quarter was sluggish and it is not optimistic to achieve the annual plan, there are no major concerns in the business analysis as there is strong order intake and no unprofitable projects. It seems that the decline in stock price this time is considered as a medium-term investment opportunity. In fiscal year 25, significant profit growth is expected through DC business, domestic growth, and cost containment.

<7951> Yamaha 3553 +8

Continued to rise. The company has announced the implementation of a share buyback program to acquire up to 6 million shares, equivalent to 3.7% of the issued shares, or 14 billion yen. The acquisition period is from September 10th to February 28th of year 25. The purpose is to improve shareholder return and capital efficiency. This move is expected to provide support on the supply and demand side in the near term. However, it is also considered that the expectation of share buyback was already partially factored in due to the sale of Yamaha Motor shares. By the way, it seems that a gain of approximately 20.5 billion yen from the sale of investment securities will be recorded in the individual financial statements.

<5216> Kuramoto 397 +23

Significantly rebounded. It has been announced that AIWise Robotics will be fully acquired through stock exchange. AIWise Robotics is a company that provides development, sales, and maintenance services for fully automated commercial cleaning robots utilizing AI in Japan. With this acquisition, Kuramoto will enter the business support robot business as a new venture. The acquired company's operating profit for the fiscal year ending December 2025 is expected to be 0.78 billion yen. The number of shares to be issued for the stock exchange is expected to be 7.77 million shares in 2021.

<2593> Ito En 3363 -105

Significant continued decline. The company announced its first-quarter financial results the previous day, with an operating profit of 713 billion yen, a 28.7% year-on-year decrease. The full-year financial estimate remains unchanged at 26.5 billion yen, representing a modest increase of 5.9% from the previous period. Despite the solid performance in the food and beverage-related businesses, the recovery in the quantity of beverages, including tea-based drinks, remains limited, leading to a substantial decline in Leaf Drink business. Concerns about the underperformance of the business results also appear to be emerging.

<5726> Osaka Titanium 2752 +240

It has announced a significant rebound. The company has announced plans to increase its production capacity for sponge titanium and has received approval for the plan to be included in the supply security plan by the Ministry of Economy, Trade and Industry. The plan aims to increase the annual production capacity from the current 0.04 million tons to 0.05 million tons, with the target completion of the expansion facilities by the end of fiscal year 2027. The investment amount is expected to be around 33 billion yen. This plan is in response to the expected supply-demand squeeze for sponge titanium. In the supply security plan, the maximum grant amount appears to be around 8.04 billion yen.

<9229> Sunwells 2416 -500

It is distributed proportionally at the limit down. It has been reported that in several of the PD House nursing homes, the attached visiting nursing stations have been found to create records that differ from actual conditions and fraudulently claim medical fees. There are internal allegations that the company is claiming excessive medical fees for visiting nursing care overall. On the other hand, the company has commented that these allegations are baseless and is considering legal measures, including lawsuits. The company has also published its answers to questions from the press.