<7730> Manny 1794.5 -28.5

Marked decline. The financial results for the fiscal year ending August 24 were announced the previous day, with operating profit at 8.39 billion yen, a 15.9% increase compared to the previous year, slightly exceeding the previous plan of 8.25 billion yen. However, the growth rate for the June-August period increased by 4.3% year-on-year, showing a decrease in profit growth, and market expectations are slightly lower. The forecast for the fiscal year ending in August 25 is also 8.9 billion yen, a 6.1% increase compared to the previous period, falling below the consensus level of around 9.5 billion yen. The conservative exchange rate assumption is believed to be a contributing factor, but negative reactions are prevailing.

<4732> USS 1345.5 -44.5

Marked decline. Announcement of a sale of 14.6 million shares and an additional allotment sale with an upper limit of 2.19 million shares. This move is to accommodate the selling intentions of major financial institutions, with the sale price to be determined between October 16 and 22. On the other hand, to mitigate the impact of deteriorating shareholder supply and demand, a share buyback of up to 10 million shares, equivalent to 2.08% of the issued shares, has been announced. The acquisition period extends from the business day after the delivery date until March 31, 25.

<8923> Tohsei 2347 -115

Marked decline. The third-quarter financial results were announced the previous day, with accumulated operating profit at 17.1 billion yen, an 18.0% increase compared to the previous year, leading to an upward revision of the full-year forecast from the previous 17.7 billion yen to 18.2 billion yen. The annual dividend is also raised from 73 yen in the plan to 77 yen. The background includes the sale of high-profit properties in the real estate regeneration business, and an improvement in the hotel business. However, given the strong performance in the first half at 14.9 billion yen, the slight upward revision in performance came as no surprise, leading to a sense of saturation.

<9506> Tohoku Electric Power 1487.5 +25.5

Marked increase. Regarding the restart of Unit 2 at the Onagawa Nuclear Power Plant, it has been revealed that the reactor is scheduled to be started on the 29th. The process towards restart, including reactor startup, is progressing smoothly, and if it operates as expected, it would be the first restart of a boiling water reactor like the one at the Tokyo Electric Power Fukushima Daiichi Nuclear Power Plant since the accident in 2011. It would also be the first restart of a nuclear power plant in East Japan after the accident. This development is expected to lead to future revenue expansion associated with the restart of nuclear power plants.

<3608> TSI HD 941 +49

Sharp rise. It announced the monthly trends for September the previous day. Direct same-store sales increased by 4.0% year-on-year, marking six consecutive months of growth. Although online shops decreased by 0.1%, retail stores increased by 5.4% year-on-year. During the first half of the month, late summer items saw high demand due to hot days, while autumn items started to gain momentum in the latter half as temperatures dropped. The positive impact of having one more holiday day also contributed to the growth. The trend of strong sales is currently being highly praised.

<5803> Fujikura 5190 +203

Significant rise. Goldman Sachs Securities continues its 'buy' investment rating and raised the target stock price from 5100 yen to 7000 yen. They expect datacenters, optical connectors, and optical fiber cables for AI generation to be the drivers of performance, emphasizing the possibility of revising performance estimates upwards again after the second quarter. Moreover, they mentioned that there will be no need for massive capital investments, and if the improvement in the equity ratio continues, there is a possibility of additional shareholder returns being implemented.

<3141> Welcia HD 1932.5 -136

Sharp decline. The company announced its second quarter earnings the previous day, with an operating profit of ¥13.4 billion for the June-August period, a 22.9% decrease compared to the same period last year, falling short of market expectations by about ¥3 billion. The full-year forecast has been revised downward from the previous ¥47 billion to ¥34 billion, a 21.4% decrease compared to the previous year. While the underperformance was expected, the extent of the downward revision seems to be more than anticipated. This is due to a decrease in revenue due to the end of tobacco sales and changes in point strategies, which led to a reduction in assumptions for existing store premises, as well as a lower gross profit margin.

<8194> Life Corporation 3345 -365

Substantial decline. It reported its first-half results the previous day. Operating profit was 12.2 billion yen, a 1.4% decrease compared to the same period last year, turning from a 9.4% increase in the first quarter to a decline. The rise in livestock raw material prices affected gross profit margins, along with increased personnel costs due to improved treatment and direct employment promotion. The full-year estimate of 24.7 billion yen remains unchanged. Additionally, it announced a repurchase of its own shares through a tender offer outside of trading hours, with an acquisition limit set at 8.15% of the issued shares and a purchase price of 3219 yen.

<3179> Shuppin 1098 -145

Sharp decline. The company announced the monthly trends for September the day before. The revenue was 37.69 billion yen, an 8.9% decrease compared to the same month last year, marking the first year-on-year decline in 9 months. The main camera business continued to perform well, exceeding the previous year, but the watch business and duty-free sales showed a subdued trend below the previous year, likely influenced by factors such as exchange rates. October of the previous year was relatively high with one of the highest growth rates, which is now causing concern about the immediate decrease in sales momentum.

<3186> Nextage 1481 -298

Sharp decline. The company announced its third-quarter financial results the day before, with a cumulative operating profit of 10.2 billion yen, a 29.5% decrease from the same period last year. The June to August period was 2.4 billion yen, a 62.6% decrease, and the profit level decreased significantly from 5.5 billion yen in the March to May period. As a result, the full-year estimate was revised downwards from the previous 20 billion yen to 12.5 billion yen, in line with the company's original plan. Negative impact of revenue deterioration beyond expectations due to stagnant business operations and slowing growth in the used car market.