<4507> Eisai Co., Ltd. 2173 +59

Significant gains. The company announced its first-half results the previous day, with an operating profit of 75.9 billion yen, a decrease of 22.7% compared to the same period last year, but significantly exceeding the previous plan of 69 billion yen. As a result, the full-year forecast was revised upwards from the previous 160 billion yen to 165 billion yen. Overseas business is performing well with solid sales, led by Cefiderocol, and also receiving solid royalty income and dividend income from the HIV business. Domestic business seems to be acquiring shares as planned, including influenza treatment drugs.

<2413> m3, Inc. 1815.5 +110.5

Significant gains. Subsidiary Sea Yu Sea announced its results the previous day, showing a significant increase and profit growth in the first half, leading to a sharp rise in the company's stock price today, which also served as a stimulus for the company's stock. Additionally, Jefferies Securities points out that there is a possibility of an upward revision in the full-year plan in the first-half results on October 30. There are also expectations that the medical platform segment may hit bottom in the July-September period, anticipating a solid movement in stock prices due to performance recovery expectations.

<4205> Nihon Zeon Co., Ltd. 1415 +77

Significant gains. The company announced its second-quarter results the previous day, with an operating profit in July-September of 7.8 billion yen, a 2.3-fold increase compared to the same period last year, falling below the market forecast of around 7 billion yen. However, due to changes in exchange rate assumptions, the full-year forecast was revised downward from the previous 26.5 billion yen to 23.5 billion yen. On the other hand, in line with changes in dividend policy, the annual dividend plan was significantly increased from 47 yen to 70 yen. Additionally, the upper limit of the share buyback currently being conducted was raised from 10 million shares to 20 million shares, seen as a strengthening of shareholder return measures.

<8698> Monex Group, Inc. 715 +60

Significant gains. The company announced its second-quarter earnings the previous day, with a net profit in July-September of 1.6 billion yen, declining from 2.5 billion yen in April-June. The background includes valuation losses on dollar-denominated securities and professional fees related to the De-SPAC of the Coincheck group. The earnings evaluation is considered limited, but the implementation of a special dividend from capital gains on stock transfers is seen as having a positive impact. The planned annual dividend is 40.2 yen, representing an increase of 17.2 yen compared to the previous period.

<4612> Nichiwa Holdings 1164 +145.5

Surged. They have announced the acquisition of AOC, a chemical manufacturer in the USA. This company engages in the formulation design, manufacturing, and sales of unsaturated polyesters and vinyl esters for coating-related products. The acquisition amount is about $2.3 billion, with the acquisition expected to be completed in the first half of December 2025. The first-year EPS contribution is expected to be around 15-17 yen annually. The funds are planned to be allocated from cash deposits on hand and new borrowings. Expectations are high for the significant contribution to performance.

<3778> Sakura 5060 +705

Hit the daily limit. They announced the first-half results the previous day, with operating profit reaching 1.3 billion yen, a 5.2-fold increase compared to the same period last year, even surpassing the upward revised figure of 1.1 billion yen on September 20th. The full-year forecast is expected to be 2.6 billion yen, a 2.9-fold increase from the previous year, maintaining the upward revised figures on the same day. The strong performance is driven by the launch of GPU cloud services for AI and the growth of cloud services. Additionally, they have decided on additional investments towards early establishment of a GPU foundation, leading to expectations of sustained high growth in the future.

<7984> Kokuyo 2513 -137.5

Marked a significant decline. They reported their third-quarter results the day before, with cumulative operating profit standing at 17.5 billion yen, an 11.0% decrease from the same period last year. They have revised their full-year forecast from the previous 24.5 billion yen to 21.5 billion yen. Due to the deteriorating market conditions in China, there has been a decrease in projects, downsizing, and delayed projects in the furniture business, as well as the impact of reduced demand for value-added consumer goods in the stationery business. Since the first-half performance was almost flat, the negative reaction preceded the downward revision.

<3132> Makunika Holdings 1777.5 -186

Marked a significant decline. They announced the first-half results the day before, with operating profit at 22.4 billion yen, a 41.1% decrease compared to the same period last year. They have downwardly revised their full-year forecast from the previous 64 billion yen to 44.5 billion yen. The industrial equipment segment they are focusing on in the integrated circuits and other electronic device businesses has been delayed in recovery due to extended stagnation and inventory adjustments in the Chinese market. They have announced a share buyback of up to 3 billion yen, corresponding to 2 million shares, representing 1.11% of the issued shares, but it did not lead to a support effect.

<7366> LITALICO 1095 -102

Sharp decline. The company announced its first-half financial results the previous day, with operating profit at 1.14 billion yen, a 15.9% decrease from the same period last year. The full-year forecast has been downwardly revised from the previous 4.5 billion yen to 3.3 billion yen, marking a sudden double-digit decline. The temporary decline in operating rates in the child welfare segment, struggling in employment support, the platform segment, and more are contributing factors. While the first quarter saw a double-digit decline in earnings, expectations of the effects of acquiring a U.S. subsidiary were overshadowed by the straight disappointment of the plan falling short.

<5332> TOTO 4303 -621

Plummeted. The company announced its first-half financial results the previous day, with an operating profit of 24.1 billion yen, a significant 58.1% increase from the same period last year, greatly exceeding the original plan of 16 billion yen. The ceramic business was doing well, and cost reductions were progressing. However, the full-year outlook remains at 48 billion yen, a 12.2% increase from the previous period, while sales plans have been downwardly revised, leading to a predominantly negative perception of the substantial downward adjustment for the second half. Prospects indicate a further decline in business on the Chinese mainland.