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Emerging Markets stocks digest: Uninec continues to decline significantly, while Rentrax rebounds strongly.
＜3566＞ Uninex 527 -45 significantly fell again. After the market closed last weekend, the earnings forecast for the fiscal year ending December 2024 was revised downward, which has become a material for sellers. The operating profit is forecasted to be 0.462 billion yen (a decrease of 7.0% compared to the previous period). This is about a 30% reduction from the previous estimates. The delays in the production and arrival of fan-equipped work clothes have led to a loss of trust among customers who purchased that commodity, which impacted the subsequent sales of autumn and winter work clothes and cold weather clothing. Additionally, the warm climate continued until early November.
Stocks that moved or were traded in the first half of the session.
*Market Overview E＜3135＞ 1114 + Shareholder benefits expansion announcement continues to be well-received. *Migaro HD＜5535＞ 2055 +332 Continues to be viewed favorably with the selection by Aeon Mall Tokoname and Aeon Bank. *Cybozu＜4776＞ 2828 +184 Continuously received favor for the discussion of increased dividends this term and the outlook for substantial profit increases next term. *Yamashin Filter＜6240＞ 691 +45 Expectations for earnings exceed projections continue. *Shin Nippon Science＜2395＞ 1708 +104 At the end of last week.
Hot Stocks Digest (Morning Session): Hokusin, Ise Chemical, Ran Business, ETC.
Satsudora Holdings <3544>: 834 yen (+48 yen) significantly continued to rise. The first half results were announced last weekend, with an operating profit of 0.88 billion yen, a 28.7% increase compared to the same period last year, significantly expanding from a 1.4% increase in the first quarter. The full-year Financial Estimates remain at 1.4 billion yen, showing good progress against a 1.1% increase from the previous period. In addition to the recovery in inbound and Cosmetic demand, the effect of rising customer spending also contributed. The previous period's impairment loss on sanitary products has cycled out, along with revenue increases driven by app promotion.
Rentrax has made a significant rebound and announced its monthly performance.
A significant rebound. After the market closed last weekend, monthly performance was announced. The handling volume for November is 2.44 billion yen, which is a 15.2% increase compared to the same month last year, and revenue is 0.329 billion yen, showing a 33.8% increase year-on-year, indicating strong performance. Although the monthly results for October were solid, they were somewhat subdued, which may lead to a greater sense of reassurance. The performance-based advertising service business of the closed-type ASP is the main focus.
December 23rd [Today's Investment Strategy]
[Fisco Selected Stocks]【Material Stocks】Yachiyo Bank <8359> 996.8 yen (12/20). A regional bank based in Nagano Prefecture. Announced that it will implement a Share Buyback of 12 million shares, which is equivalent to 2.53% of the total issued shares, with an upper limit of approximately 11.9 billion yen. On December 23, it will instruct the purchase through the Tokyo Stock Exchange's ToSTNeT-3 for off-market own stock trading. At the same time, it announced that it will extinguish 20 million shares, which is equivalent to 3.89% of the total issued shares, on January 31, 2025.
I-Space Research Memo (2): Developing performance marketing business and Broadcasting business.
■ Business Overview Interspace <2122> was established in 1999 mainly for the purpose of internet advertising, and is engaged in two businesses: performance marketing centering on affiliate advertising and Broadcasting. For the fiscal year ending September 2024, the composition ratio by business segment shows that the performance marketing business accounts for 62.8% of revenue and 76.6% of operating profit, occupying more than half. As of the end of September 2024, there are 9 consolidated subsidiaries in the group.