Kawasaki Steel <7256>: 145 yen (+37 yen)

Significant rebound. A manufacturer of Auto Parts with Nissan accounting for more than half. Reports of a potential merger between Nissan and Honda seem to be creating speculation. There are expectations for expanded sales to Honda and anticipations for restructuring with Honda-related interior parts manufacturers. A strong feeling of undervaluation in stock price levels also makes it a target of short-term speculative funds. Notably, other parts manufacturers with a high weight towards Nissan, such as Unipres and Yorozu, are also leaning towards a Buy.

Kawasaki Heavy <7012>: 6495 yen (+181 yen)

Significant rebound. SMBC Nikko Securities has upgraded its investment rating from "2" to "1", raising the Target Price from 5000 yen to 8700 yen. As a defense-related stock, it is relatively undervalued, and there seems to be a considerable room for reevaluation, leading to awareness of "non-holding risks". Following the downward announcement of the PS&E business, it is generally perceived that negative materials have already been factored in, and as the stock market's focus shifts to the fiscal year ending March 2026, it seems the perception of undervaluation will be recognized again.

Faiz HD <9325>: 955 yen (+74 yen)

Significant rebound. Announced the introduction of a shareholder benefit program. Shareholders with more than 100 shares as of the end of March are eligible; those with less than three years of continuous holding receive a 1000 yen Amazon gift card, while those with three or more years receive a 2000 yen card. It seems that shareholders from the end of March 2025 will be eligible, and the holding period will be calculated back to the end of March 2022. The aim is to enhance the attractiveness of the Stocks and to expand the investor base for medium to long-term holdings. Movements to positively assess the strengthening of shareholder return strategies are prevailing.

Nissan Motor <7201>: 412.2 yen (+74.6 yen)

Significant rebound. It has been reported that discussions on a merger with Honda are underway. A holding company will be established with both companies adjusting under it, and there are visions for Mitsubishi Motors to join in the future as well. If the three companies merge, the number of passengers carried is expected to place them as a group in third position worldwide. Especially since the company's difficulties have become evident recently, there is a prevailing view that the merger benefits are substantial. On the other hand, there are predictions that Honda's burden will increase, leading to a Sell bias.

Kuramoto <5216>: 244 yen (+38 yen)

Substantial continued rise. The consolidated earnings forecast for the fiscal year ending December 2024 was disclosed the previous day, based on the start of consolidated financial statements. Incorporating the financial estimates for Aiwi's Robotics for the two-month period from November to December, operating profit is projected to be 90 million yen, and ordinary profit is estimated at 28 million yen. Regarding the individual performance for the fiscal year ending December 2024, a downward revision was made in November, forecasting operating profit at a deficit of 35 million yen and ordinary profit at a deficit of 25 million yen. The move toward a consolidated ordinary surplus is being positively evaluated.

Axel M <3624>: 103 yen (+3 yen)

There was a significant rebound after four days. It has been announced that a basic agreement has been reached to begin discussions on the acquisition of all Stocks of Spiral Sense (Chiyoda, Tokyo), a company involved in Gaming and app development, and to make it a subsidiary. The acquisition price for the Stocks is less than 15% of the net assets at the end of the previous fiscal year (0.925 billion yen), and the transfer date is scheduled for late May 2025. By adding Spiral Sense's entertainment content production capabilities, support will be provided to the company's own e-books and Gaming areas.

Digipla <3691>: 582 yen (+17 yen)

There was a significant rebound after three days. The subsidiary Digital Fintech (Shibuya, Tokyo) announced a collaboration with Gakken Logistics (Shinagawa, Tokyo), a subsidiary of Gakken Holdings <9470>, to provide a joint solution utilizing Logistics and digital gifts. Gakken Logistics, with a proven track record in the Logistics industry, has stated that digitalization of Logistics can be achieved through the shareholder benefit gifts offered by Digital Plus, allowing for reductions in delivery costs and labor hours.

Stem Cell Institute <7096>: 1305 yen (+83 yen)

Significantly rebounding. It announced a Share Buyback, with a cap of 190,000 shares (0.2 billion yen). The percentage of this compared to the total number of issued shares (excluding the company) is 1.85%. The acquisition period is from the 18th to November 30, 2025. This aims to enhance shareholder returns and improve capital efficiency, while executing flexible capital policies in response to changes in the management environment and providing incentives to employees. Given that stock prices have been trending downward recently, it seems that there is also buying in anticipation of a self-supporting rebound.