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Kameda Seika: Confirmation letter
Kameda Seika: Half Year Report - Term 68 (2024/04/01 - 2025/03/31)
Musashi, Kameda Confectionery ◆ Today's FISCO hot stocks ◆
Musashi <7521> announces revision of financial estimates for the fiscal year ending March 2025. Revenue has been upwardly revised from 33.739 billion yen to 38.02 billion yen, and operating profit has been revised from 0.79 billion yen to 2.327 billion yen. In the interim period, there was growth in the demand for the modification and upgrading of currency processing equipment. Furthermore, sales of election equipment and ballot counting management systems for the Tokyo Governor election have been performing well, and in the second half of the year, sales of election equipment and ballot counting management systems for the October House of Representatives election are expected to significantly increase.
Earnings exceeding financial estimates for large U.S. tech stocks are supportive factors.
On the 30th, the Japanese stock market is likely to see a market development where buying is dominant amidst a stalemate. On the 29th, the US market saw the Dow Jones Industrial Average fall by 154 points, while the Nasdaq rose by 145 points. In the September US Employment Situation Report (JOLTS), the number of job openings decreased more than expected, leading to selling amid concerns about a cooling labor market and economic slowdown. The Nasdaq was lifted by buying driven by expectations for earnings from major tech companies, pushing it up throughout the day and reaching a new high. Chicago Nikkei 225 futures settlement price was 200 yen higher than Osaka comparison.
October 30th [Today's investment strategy]
Iodine, which is used in X-ray contrast agents, polarizing films, disinfectants, etc., is the mainstay.
After the adjustment to the 52-week line, Kameda Confectionery rebounded.
Adjustment continues to be made to the re-high of 4,720 yen set on September 10th, showing a rebound at the moment and breaking through the 200-day resistance line from the previous day. Dead cross between the 25-day and 75-day moving averages is approaching around 4,370 yen, but it seems to be capturing the same level early, leading to improved sentiment. In terms of weekly patterns, after adjusting to the 52-week line, it has surpassed the 26-week line in the subsequent rebound. In the short term, aiming for a breakthrough of the 13-week line.
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