＜4612＞ Nippon Pei HD 1095 +65

Massive backlash. It was conveyed that China has strengthened its monetary and fiscal policies, and today there was a strong movement in China-related stocks, but it seems that the company is also showing interest as one of the related stocks. Also, SMBC Nikko Securities continued the investment decision “1,” and raised the target stock price from 1100 yen to 1300 yen. Considering the acquisition of AOC, EPS for the fiscal year ending 25/12 is expected to increase drastically, and it is said that it will also contribute to regional diversification and improved profitability. Comparing past levels, it was determined that there is a strong sense of undervaluation in stock prices.

＜7269＞ SUZUKI 1696.5 +45

Significant continued growth. At Morgan Stanley MUFG Securities, investment decisions have been upgraded from “equal weight” to “overweight,” and the target stock price has also been raised from 1800 yen to 2,100 yen. The stock price is at a level that incorporates adjustments in the number of units sold so far, and it is also determined that inventory fell to an appropriate level at the end of October, and there is a high possibility that wholesale shipments within India will recover in the future. I also think there is still a strong sense of cheapness in valuations.

＜7732＞ TOPCON 2156.5 +400

Stop height. It has been reported in part that it became known that the bidding process was underway for privatization. It seems that investment company US KKR, European investment fund EQT, and government fund Industrial Innovation Investment Organization are listed as buyer candidates. The 3 companies are moving towards secondary bidding, and it seems that adjustments are progressing due to bid implementation within the month. It seems that an acquisition premium is expected to be granted after privatization.

＜7554＞ Kourakuen 1141 -212

Plummeting. It has been announced that a public offering of 3.03 million3700 shares will be implemented, and that sales will be implemented through over-allotment with an upper limit of 0.45 million5000 shares. The number of additional shares is the largest, and it is at a level equivalent to 20% of the current number of issued shares. Movements that negatively view drastic dilution of stock values prevail. The estimated take-home amount seems to be around 4.2 billion yen, but it seems that it will also be applied to capital investment funds and loan repayment funds.

＜2222＞ Kotobuki Spirits 2141.5 +9.5

backlash. Sales of 2.58 million4800 shares and implementation of sales due to overallotment with an upper limit of 0.38 million7700 shares were announced. The sellers are 5 financial institutions with major shareholders, such as Torigin Lease. The sale price will be determined between the 17th and the 20th. Meanwhile, 2 million shares, which is 1.28% of the number of issued shares, and share buybacks with an upper limit of 3 billion yen were also announced, and the acquisition period is from January 16 to March 31 next year. The movement to reduce policy holdings was evaluated, assuming that it would lead to mitigation of bad supply and demand.

＜3180＞ B Garage 1297 -110

A sharp decline. Financial results for the first half of the year were announced the day before, and operating profit was 0.65 billion yen, down 15.4% from the same period last year, which greatly depreciated from the previous plan of 0.78 billion yen. In addition to a situation where the gross profit margin of the product sales business declined due to an increase in temporary staffing costs and the effects of preparation costs for opening a third DC, it also seems that sales and administration costs have also increased due to aggressive advertising such as exhibiting at exhibitions, etc. There is a view that the hurdle to achieving the unchanged full-year plan of 1.82 billion yen, an increase of 6.8% from the previous fiscal year has increased.

＜6387＞ Samco 2630 -210

A sharp decline. Financial results for the first quarter were announced the day before, and operating income was 0.12 billion yen, down 49.9% from the same period last year, resulting in a drastic decrease of profit. The plan was 0.96 billion yen for the first half of the year and 2.22 billion yen for the full year, and it seems that the view was that progress remained lower than expected. There were many shipping projects in the second quarter, and it seems that sales in the first quarter were at a low level. Note, the order volume increased 56.9% from the same period last year, and the balance of orders received seems to be at a record high.

＜1730＞ Aso Hohm 641 +100

Stops are highly proportional. Nittoku Construction has announced that it will implement TOB with the aim of making it a wholly owned subsidiary. Like the company Nittoku Construction, it is a member of the Aso Group. The TOB price is 680 yen, which is a 25.7% premium compared to the previous day's closing price. The company is recommending applications to shareholders, and it is a movement aiming for complete satisfaction with TOB prices. The TOB period is scheduled from 12/10 to 25/1/28.

＜2301＞ Academic Situation 2041 +266

skyrocketing. Financial results for the fiscal year ending 24/10 were announced the day before, and operating profit was 2.66 billion yen, up 15.0% from the previous fiscal year, which exceeded the previous forecast of 2.45 billion yen. The cumulative results for the third quarter were a decrease in profit. The year-end dividend was also increased from the previous plan of 26 yen to 39 yen, to 65 yen per year, an increase of 14 yen from the previous fiscal year. Operating income for the fiscal year ending 25/10 is also expected to increase by 3 billion yen by 12.9% in a row, and dividends are also expected to increase to 67 yen. The performance trend, which is stronger than expected, is viewed positively.

＜6954＞ FANUC 4130 +124

Significant continued growth. It was reported that the Chinese Communist Party leadership indicated a policy to advance monetary easing and expansion of fiscal spending in 2025. It was announced that next year's monetary policy would be “moderately accommodative,” and until now it has been a “moderate” monetary policy. Also, with regard to fiscal policy, it seems that expressions of “more aggressive” have been strengthened from conventional “aggressive.” Movements expecting a recovery in the Chinese economy have taken precedence, and in addition to the company, China-related brands such as Yaskawa Electric, Omron, and Shiseido are making strong movements.