<8058> Mitsubishi Corporation's stock price dropped by 70.5 points.

Significant decline. Nomura Securities changed its investment rating from 'Buy' to 'Neutral' and also lowered the target stock price from 3620 yen to 2950 yen. The decline in the market situation of raw materials coal, coupled with a greater-than-expected negative impact from the decrease in production quantity, was cited as reasons for the profit level decline. While high cash generation capabilities, shareholder returns, and high dividend yields are expected to support the stock price, the ROE level for the period ending March 2026 is forecasted to fall below the sector average of 11% at 7%, making the upside potential of the stock price heavy.

<2809> Kewpie Corporation's stock price dropped by 241 points.

Significant decline. The company announced its medium-term management plan for the fiscal years 2025 to 2028 the previous day. For the fiscal year 2028, the numerical targets include an operating profit of 45 billion yen, operating profit margin of 7.5% of revenue, ROE of 8.5% or higher, and a shareholder return policy with a total return ratio of 50% or higher as the criterion, a minimum dividend of 54 yen per year, with plans for gradual increases. While there are positive views on revenue growth and shareholder returns, some also view the target ROE level as inadequate.

<9603> H.I.S. Corporation's stock price dropped by 114 points.

Significant decline. Number One Travel Shibuya, a subsidiary travel company, announced that it is under investigation by the Tokyo Labor Bureau for suspected fraudulent receipt of employment adjustment subsidies for COVID-19 measures. There is a high possibility of fraudulent receipt based on internal investigations. In order to confirm the impact on the financial statements, the earnings announcement for the period ending October 2024 scheduled for December 13th will be postponed with the date currently pending.

<8227> Shimamura Co., Ltd.'s stock price increased by 278 points.

Significant rise. The company released the monthly trends for November the previous day. Same-store sales increased by 4.7% compared to the same month last year, marking a positive turnaround after 2 months. The number of customers increased by 2.8%, and the average spending per customer also rose by 1.9%. It seems that outerwear and seasonally practical goods have boosted sales. The previous month saw a 3.7% decrease, the first negative trend in 12 months, but the sales recovery in November is expected to ease excessive caution and similar sentiments.

<1911> Sumitomo Forest 5693 +249

Significantly rose. It has been reported that Donald Trump, the next President of the USA, has nominated Scott Besent as the Treasury Secretary, strengthening the view that fiscal discipline will be maintained. This caused a decline in long-term interest rates in the NY market the previous day, leading to buying of real estate stocks. This seems to be a tailwind for the US housing market, and is also leading to a positive reaction for companies expanding their housing business in the USA.

<7201> Nissan Motor Corp. 392.1 -14.8

Significantly plunged. It has been reported that they will reduce US production by 17% compared to the previous year by the end of March 2025. This seems to affect factories in Mississippi and Tennessee. Despite having decided on production cuts until the end of the year due to poor sales, they seem to have determined the need to continue inventory adjustments. It is worth noting that the company has decided to reduce global production capacity by 20% due to poor performance. Following this report, it seems that the extension of the period of poor performance is being recognized.

<7013> IHI 7908 -405

Significantly continued to decline. There are reports of a fire occurring during the development testing of JAXA's next-generation small rocket, the "Epsilon S." It seems that abnormality occurred during the combustion test of the second stage engine, resulting in a fire. It was a test to confirm if the engine burned properly. The demonstration launch of the prototype planned for the fiscal year 2024 may need to be reassessed. IHI Aerospace provides the launch service for Epsilon, and the situation is of concern.

<7003> Mitsui E&S 1659 +163

Sharply rose. They have announced receiving orders from a US port handling company for eight near-zero emission rubber-tired gantry cranes for the Port of Long Beach, California. In February, the US government issued a directive on cyber risk management for Chinese-made cranes as part of enhancing port cybersecurity in the United States. This is the first order for the US and is expected to lead to a significant increase in orders in the future.

<4204> Sekisui Chemical 2446 +122

Significant increase. It is reported that the Ministry of Economy, Trade and Industry is setting a government goal to introduce 20 gigawatts of new type solar cells called 'perovskite' in the 40th fiscal year. It seems to aim to support about 10% of household electricity consumption. In addition to supporting research on mass production technology to realize this goal, measures to increase demand are also under consideration. The company has started development towards the commercialization of perovskite and aims to start selling in 2025. Expectations for policy benefits are leading the way.

<7997> Kurogane Kosakusho 897 +150

Trading limit up proportional distribution. The company has announced a resumption of dividends for the fiscal year ending November 2024, which is seen as a buying incentive. Despite the expectation of no dividends at the end of the period, they are implementing a dividend of 20 yen. It seems that they have judged that the system is in place to achieve stable continuation of dividends based on the performance outlook. The company's dividend implementation is the first since a 10 yen dividend for the fiscal year ending November 2018. Furthermore, the announcement of the sale of some investment securities is expected to result in a special profit of 55 million yen.