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新興市場銘柄ダイジェスト:MTGは大幅続伸、ホットリンクが大幅下落

Emerging markets stock digest: MTG significantly extended gains, while Hotlink saw a sharp decline.

Fisco Japan ·  Nov 12 15:28

<6195> Hope 215 +1

After an initial rise in the morning, prices have fallen. The company announced a revision of the earnings forecast for the second quarter of the fiscal year ending March 2025, which was positively received. Ordinary profit has been revised upward by 57.0%, from the previous estimate of 41 million yen to 65 million yen. Although revenue is expected to fall below the previous estimate by 68 million yen due to the postponement of some service provision timing (revenue recognition) to the second half, operating profit and ordinary profit are anticipated to exceed the previous estimates due to strict management of operating expenses, such as marketing costs for sales promotion that offset the impact of the decrease in revenue.

<3680> Hotlink 265 -43

Significant decline. After the market closed on the 11th, the company announced a downward revision of its full-year earnings forecast for the fiscal year ending December 2024, leading to increased selling pressure. Operating profit was drastically revised down from 0.172 billion yen to 0.012 billion yen (a decrease of 92.9% compared to the previous period). Factors contributing to the cost burden (0.019 billion yen) include increased development costs due to specification changes by Company X, rising fees for data usage and advertising production costs due to inflation, and temporary increases in recruitment expenses from aggressive hiring for expanding operations in the next fiscal year.

<7806> MTG 1785 +179

Substantial continuation of growth, updating the year-to-date high. After the market closed on the 11th, the company announced its results for the fiscal year ending September 2024, which were considered favorable. Revenue was 71.865 billion yen (up 19.5% year-on-year), with ordinary profit at 4.364 billion yen (up 4.7% year-on-year), indicating strong performance. For the fiscal year ending September 2025, ordinary profit is forecast to increase by 14.6% year-on-year to 5 billion yen. Additionally, the dividend at the end of the fiscal year ending September 2024 has been decided to be 13 yen per share, an increase of 3 yen compared to previous forecasts and the end of the previous period. The policy is to also increase dividends per share by 2 yen compared to the previous period, resulting in 15 yen this fiscal year.

<4379> Photosyn 377 -14

Falling back. The earnings forecast for the fiscal year ending December 2024 was revised upward with revenue expected at 2.95 billion yen (up 1.7%) and ordinary profit at 0.07 billion yen (up 600.0%), but disappointment selling is prevailing. Despite a steady trend in the introduction of the 'Akerun entrance and exit management system' for new and existing customers, the efficiency of marketing activities such as advertising and exhibitions is being optimized and focused on cost-effective activities, thereby significantly improving marketing-related costs. Additionally, establishing and expanding sales methods through sales partners is a factor behind the substantial upward revision of profits.

<5842> Integral 4145 +270

Rapid surge. In the third quarter of the fiscal year ending December 2024, the quarterly profit significantly increased by 155.7% year-on-year to 9.344 billion yen. At the same time, it has announced the establishment of "Integral Leer Estate" with the aim of entering the real estate investment fund business, and starting real estate investment and fund operation business. By expanding the fund business to invest in asset classes such as private equity investments and real estate, it envisions contributing to the development of society and industry, aiming to increase corporate value and expand AUM as part of its medium- to long-term growth strategy.

<3416> PIXTA 1266 +126

Significant continued rise. The performance for the third quarter of the fiscal year ending December 2024 has been announced and is viewed positively. Revenue was 2.201 billion yen (an increase of 14.6% compared to the same quarter last year), and ordinary profit was 0.456 billion yen (an increase of 114.7% compared to the same period last year), showing strong results. Large trade sales in the PIXTA business were contributing factors. Anticipating the highest revenue and profits (operating profit, ordinary profit, net income) in history, a change in dividend policy and a revision of dividend financial estimates (initial dividend) were announced, with a decision to implement a year-end dividend of 45 yen which was previously planned as no dividend.

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