Asahi <3333>: 1530 yen (-90 yen)

Significant decline. The third quarter financial results were announced the previous day, showing an operating profit of 5.58 billion yen, a 13.4% increase year-on-year, with the November quarter also at 0.82 billion yen, up 16.5%. The unchanged full-year plan of 5.5 billion yen has become an exceeded figure. The strong sales due to the increase in average customer spending are behind the good performance. However, despite strong seasonality, the revenue level for the November quarter itself is not surprising compared to the first half results, and the momentum built from earnings expectations seems to be strengthening a backlash.

Migalo HD <5535>: 2102 yen (+104 yen)

Significant continued rise. It has been announced that the shareholder benefits will be expanded for the 1st anniversary of the holding company. Previously, it was stated that shareholders with 100 shares or more by the end of March 2025 would receive a 1000 yen quocard; this will be changed to a 5000 yen quocard. A 1:2 Stock Split will be conducted based on the end of February, and the targets will be shareholders with 200 shares or more, effectively increasing the benefit value by five times. The commemorative benefit will be a one-time offer, and further considerations will be made on shareholder return policies.

Mitsubishi Paper <3864>: 538 yen (+67 yen)

Significant continued rise. The outline of the medium-term plan until March 2028 was announced the previous day. Details are expected to be released in May 2025. For the March 2028 numerical targets, revenue of 250 billion yen (the forecast for March 2025 is 197 billion yen) and operating profit of 20 billion yen (8 billion yen) were set. An expansion in the sales of functional product operations is expected. Additionally, as a medium to long-term aspiration, the goal is to double the sales of the functional product business, targeting revenue of 300 billion yen and operating profit of 30 billion yen.

Shimamura <8227>: 8990 yen (+369 yen)

Significant continued rise. The third quarter financial results were announced the previous day; for the November quarter, the operating profit was 15.2 billion yen, a 2.1% decrease year-on-year, which was about 1 billion yen below market expectations. Sales stagnation due to the lingering summer heat and the timing of selling and administrative expenses were negative contributors. On the other hand, the monthly trend announced simultaneously showed that same-store sales increased by 14.9% compared to the same month last year, marking a double-digit growth for the first time in 16 months. The decrease in temperature has led to strong sales of winter items, setting expectations for the fourth quarter results.

Honda <7267>: 1,449.5 yen (+173 yen)

Significant continued rise. Announced the implementation of a share buyback of 1.1 billion shares, which is 23.7% of the outstanding shares, with a maximum limit of 1 trillion 100 billion yen, resulting in a positive surprise due to the scale. The acquisition period is from January 6, 2025, to December 23. Additionally, a basic agreement has also been announced regarding discussions for a management integration through the establishment of a joint holding company with Nissan. Aiming for an Equity Transfer in August 2026. There is an increasing view that the company will have an advantage in terms of the transfer ratio.

Kaiomu <4583>: 238 yen (-7 yen)

Consolidation. After the end of trading on the 23rd, it was announced that a patent examination notification regarding the cancer treatment candidate antibody PCDC was received in Japan. This patent relates to the cancer treatment candidate antibody PCDC created as a humanized anti-CDCP1 antibody, which has already been established in China, and is currently awaiting patent applications in the USA, European Index, ETC. The company is currently promoting the development activities of PCDC, asserting that the patent strengthens the intellectual property foundation supporting the PCDC development activities. However, while there is initial buying interest, the upper limit is heavy.

Accel M <3624>: 129 yen (+30 yen)

Stop high. Announced the signing of a basic agreement to start discussions aimed at acquiring all shares of crafty, which operates the EC Oripa service brand "Airi Storeka", and it is viewed positively. By making crafty a wholly-owned subsidiary, it will enable the vertical launch of a dedicated site for Oripa by the EC division. Furthermore, collaboration with crafty aims to enhance the development and maintenance capabilities of the engineering department through the entry into Spiral Sense and achieve accelerated growth in the trading card business within the EC field based on the company's growth strategy.

Data Sec <3905>: 690 yen (+31 yen)

Significant rebound. After the end of trading on the 23rd, it was announced that a basic agreement was signed to form a business partnership with Quanta Computer, a major provider of contract manufacturing services (EMS) for laptops and cloud-oriented servers in Taiwan, which is considered positive. Utilizing the technology, products, resources, and networks of both companies, the aim is to secure servers equipped with cutting-edge NVIDIA GPUs in the rapidly growing AI server sector and to collaborate on the operation of AI datacenters.