＜3321＞ Mitachi 1178 -52

The sharp decline continued. Financial results for the first half of the year were announced the day before, and operating profit was 0.95 billion yen, up 1.3% from the same period last year. On November 22, it was revised upward from the previous forecast of 0.6 billion yen to 0.9 billion yen, and it landed as expected. At the same time, the full-year forecast was revised upward from the previous 1.8 billion yen to 1.9 billion yen, an increase of 19.4% from the previous fiscal year, but this time the same forecast is unchanged. While stock prices were moving in the high price range, the sense of immediate exhaustion prevailed in response to financial results announcements with few surprises.

＜9696＞ Withers 2420 +220

rapid expansion. It is reported that they have received a proposal to privatize shares from a Singaporean fund, which is a major shareholder. It seems that acquisitions by funds and privatization in MBO have been proposed. Currently, it seems that the fund holds 16.81% of the shares. The fund side is seeking structural reforms, including business sales, since the cram school business is not going well, and even at the regular general shareholders' meeting in June, they submitted proposals requesting a review of how dividends are determined and the abolition of takeover defense measures.

＜3778＞ Sakura 4390 +230

Massive backlash. It has been reported in part that Rapidas, which aims for mass production of next-generation semiconductors, is considering collaboration with Preferred Networks, a major domestic AI development company, and a major domestic cloud service company. Once again, it seems that the data center business is expected to expand. Furthermore, it seems that this is the first case for LAPIDAS to consistently complete the design, production, and delivery of next-generation semiconductors domestically.

＜3549＞ Kusuri no Aoki 3215 -36

decline. Financial results for the 2nd quarter were announced the day before. Operating profit for the September-November fiscal year was 5.3 billion yen, which is 33.2 times the same period last year, but the level has declined from 7.3 billion yen in the first quarter, and it is also below the 5.8 billion yen level expected by the market. Also, when stock compensation expenses that occurred in the same period last year are excluded, it seems that profit actually decreases by 2 digits. It seems that SM acquisitions consolidated in the 2nd quarter are depressing profits. Furthermore, strong growth at the top line continues.

＜4631＞ DIC 3378 -163

A sharp decline. It was announced that the DIC Kawamura Memorial Museum of Art, which is owned and operated, will be relocated from Sakura City in Chiba Prefecture to Tokyo, and the number of works will be reduced to about a quarter and operated in cooperation with highly public organizations. Sales of works will begin within 25 years, and cash income of at least 10 billion yen is expected. It is said that sales will proceed in stages even after '26 and use them for shareholder returns and growth investments. However, it seems that there was also a strong movement expecting the suspension of operations, and today's decline is conspicuous, due to loss of dividend rights.

＜4521＞ Scientific Research Drugs 4500 +326

Significant continued growth. An agreement was signed and announced to grant J&J an exclusive license relating to development, manufacture, and commercialization related to the “STAT6 Program.” The program is being developed as a next-generation oral treatment for atopic dermatitis, asthma, etc. We plan to receive 30 million dollars as a contract lump-sum payment during the fiscal year ending 25/3, and we also have the right to receive milestone income of up to 1.2 billion 17.5 million dollars, and royalty income from the latter half of the single digit range to the first half of the double digit range for sales.

＜2432＞ DNA 3115 +420

rapid expansion. The game business outlook was announced the day before. Sales revenue from the same business was 11.2 billion yen for the first quarter (fiscal year ending April-6) and 11.3 billion yen for the second quarter (fiscal year ending July/9), but it seems that the third quarter (fiscal year ending 10-12) will be 25 billion yen or more. The service for the Pokémon card game “Pokemon Trading Card Game Pocket” for smartphones started on 10/30, and sales have been strong. It is also said that there is still no forecast for the fiscal year ending 25/3.

＜4304＞ E-store 1504 +300

Stops are highly proportional. The investment fund Japan Growth Investment Alliance announced that it will implement TOB, and the company recommends applying for TOB. The TOB price is 1953 yen, which is a 62% premium compared to the previous day's closing price. The TOB period is from 25/3/4 to 4/1. After becoming a subsidiary, it seems that BASE is planning to undertake the company's EC site construction business for small and medium-sized businesses for 3.3 billion yen. Movements aimed at moving towards TOB prices are becoming more active.

＜6103＞ Okuma 3350 +115

Massive backlash. Makino Milling, which announced that Nidec would implement TOB without consent, has rapidly grown to a high stop, and it seems that speculative purchases are spreading to companies, etc. that are major in the machine tool industry. It is expected that there will be an increase in M&A with machine tool manufacturers and an expansion of order acceptance opportunities due to user shifts. Furthermore, in addition to the company, purchases of Tsugami etc. are also taking precedence in machine tool sectors.

＜6135＞ Makino milling machine 9250 +1500

Stops are highly proportional. It was announced that Nidec will implement TOB with the aim of making it a wholly owned subsidiary. The TOB price is 11,000 yen, which is a premium of 41.9% compared to the previous day's closing price. The lower limit of the number of purchases is 11.69 million4,400 shares, which is at the level of 50% of the ownership ratio. Until now, there has been no capital relationship, and prior to the announcement, no request for discussion has been made against Makino Milling, etc., and it has taken on the color of a hostile takeover. Nidec has taken TAKISAWA under its umbrella through hostile takeovers in the past.