<6644> Ohsaki Electric 764 -35

Significant decline. Ichioshi Securities has downgraded the rating from 'A' to 'B' and set the fair value at 900 yen. There are no changes to the performance forecast, but it seems to reflect the rise in stock price. On the other hand, continued attention is being paid to the full-scale contribution of second-generation smart meters. In the domestic measurement control business, smart meters are entering the transitional period until the introduction of second-generation machines, and it is expected that performance will continue to be volatile until the fiscal year ending March 2026.

<5233> Pacific Cement 3566 +131

Significant rebound. Daiwa Securities has upgraded the investment rating from '2' to '1' and also raised the target stock price from 4200 yen to 4700 yen. Although the judgment was lowered in the previous term due to growing uncertainty in the US economic trends, the possibility that US cement sales may not decline as much as expected has increased. Furthermore, with the strengthening tone of domestic cement price increases, the likelihood of performance improvement has increased. It seems that an operating profit of 100 billion yen is expected for the fiscal year ending March 2026.

<6526> Socionext 2358 -68.5

Significant decline. Nomura Securities continues to maintain a 'Neutral' investment rating and has lowered the target stock price from 3600 yen to 2800 yen. Taking into account a further downturn in Chinese demand, short-term performance forecasts have been revised downward. As for the period leading up to the fiscal year ending in March 2026, while demand is expected to remain flat, with enhanced early development, there is a possibility of reduced profits. A discount is granted to peers due to the risk of two consecutive years of profit decline. It seems that an operating profit of 30 billion yen, a 3.2% decrease from the previous period, is expected for the fiscal year ending March 2026.

<5803> Fujikura 5587 -56

Continued decline. In the earnings announcement of the previous day by US-based Nvidia, positive comments were heard regarding the new GPU 'Blackwell' for AI. It is expected that the manufacturing process adjustment is completed, productivity is improved, and although the gross profit margin temporarily declines during the process of reaching 100% operating rate, it will later recover to the mid-70% range. It is anticipated that the amount of optical fiber needed for data centers using 'Blackwell' will significantly increase compared to conventional methods, resulting in an initial buying trend followed by a general downturn.

<3962> Change HD 1364 +24

Rebound. Subsidiary Trust Bank announced the start of cooperation with Furusato Choice, the largest domestic comprehensive furusato tax payment site in Japan, providing OEM services. This enables the selection of gifts from over 1,500 local governments contracted with Furusato Choice on the 'KABU & Furusato Tax' operated by Yusaku Maezawa, representing Cab & Peace.

<6794> Foster Denki 1475 -344

Sharp decline. The company announced the first-half earnings conference and medium-term business plan the previous day. In the medium-term plan, targets for the fiscal year ending in March 2028 include revenue of 150 billion yen (135 billion yen forecast for the fiscal year ending in March 2025), operating profit of 9 billion yen (6.5 billion yen), and an ROE target of 8.0%. The company also announced shareholder return enhancement measures such as increasing the dividend payout ratio to 40% and setting a minimum DOE of 2%, as well as targeting operating profit decline for the fiscal year ending in March 2026. The lack of surprises in the expected figures led to negative market views.

<4506> Sumitomo Pharma 611 +18

Significant rebound. Reports suggest the company is embarking on an "airlift operation" of nerve cells made from induced pluripotent stem cells for Parkinson's disease treatment in the USA, with expectations of material effects. The company will provide cells for clinical trials at the University of California, San Diego, aiming to conduct treatment within the current fiscal year. To ensure the quality of stable cells during transportation, cooperation with Mitsubishi Warehouse, Inahata Sangyo, and Japan Airlines is expected. This development is expected to lead the way in exporting Japan's cell manufacturing technology.

<6584> Misawa Factory 817 +61

Significant rise. The company announced the development of a new model of water-cooled cooling equipment for data centers, leading to positive market expectations for future prospects. The newly introduced fin pipe type cooling device boasts similar functionality to the pipe type cooling device announced in February, with enhanced heat exchange efficiency achieved by applying fin processing to the pipe surface. As a result, the heat exchange performance equivalent to the previous model can significantly reduce the equipment depth by a quarter and reduce the weight by half.

<7868> KOSAIDO HD 507 +53

Significant rebound. The company announced the implementation of share buyback the previous day. They plan to acquire up to 3 million shares, equivalent to 2.08% of the issued shares, for a maximum of 1.65 billion yen, with the acquisition period from today until January 31, 25. The purpose of the share buyback is to enhance shareholder returns, improve capital efficiency, and pursue a flexible capital policy in response to changes in the business environment. This is believed to be the company's first share buyback since June 23 through off-hours trading, leading to expectations of improved supply and demand dynamics driving the stock up.

<6857> ADVANTES 9385 -156

Marked decline. Nvidia of the USA announced its earnings the previous day. For the period from August to October, there was a 94% year-on-year increase in revenue, with EPS on a continuing operation basis doubling to 2.0 times, both exceeding market estimates. Additionally, the mid-range of the company's planned range for the period from November to January shows revenue increasing by 70% to 37.5 billion dollars, surpassing the market estimate of 37.1 billion dollars. While overall it was a solid earnings performance as expected, the stock fell in extended hours trading, causing selling pressure in the domestic semiconductor sector.