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January 23 [Today's Investment Strategy]
[Fisco Selected Stocks] [Material Stocks] Gokurakuyu Holdings <2340> 470 yen (1/22) operates bath facilities under the "Gokurakuyu" and "RAKU SPA" brands. It was announced that a business partnership was formed with Hinata no Mori, a group company of Nishi Nihon Gas Holdings <9536>, which operates the bath facility "Hinata no Mori Kodo no Yudokoro". In addition to conducting promotional events organized by Gokurakuyu at "Hinata no Mori Kodo no Yudokoro", there will also be joint development of products and services related to the bathing business.
Pay attention to InfoMT and Haide Hidaka.
In the US stock market on the 22nd, the Dow Jones Industrial Average rose by 130.92 points to 44,156.73, the Nasdaq Composite Index increased by 252.56 points to 20,009.34, and the Chicago Nikkei 225 Futures rose by 225 yen compared to Osaka daytime to 39,805 yen. The exchange rate is 1 dollar = 156.50-60 yen. In today's Tokyo market, Infom MT <2492>, which announced an upward revision of the financial estimates for the fiscal year ending December 2024 and is predicting a 92.1% increase in operating profit for the fiscal year ending December 2025, is conducting a share buyback of up to 2% of the issued stocks.
Ferrotech Research Memo (6): "Revised with a focus on a total return ratio of 30%" and announced its stock repurchase.
■The shareholder return policy of Ferrotec Holdings <6890> was revised in the mid-term management plan materials at the time of the interim financial results to "Focus on increasing shareholder returns, aiming for an increase in dividends through sustained revenue enhancement, while also flexibly utilizing Share Buyback, keeping in mind a total return ratio of 30% to provide profit returns." The annual dividend for the ongoing fiscal year ending March 2025 has been increased to 110 yen (initially expected to be 100 yen, previous year's result 100 yen), and the acquisition of own stocks (acquisition limit of 0.5 billion yen) is also being implemented.
Ferrotech Research Memo (5): The target values of the medium-term management plan remain unchanged.
■ Medium-term management plan 1. Basic policy of the medium-term management plan Ferro-Tech Holdings <6890> has announced a medium-term management plan with March 2027 as the final year, and has set the following four basic policies: (1) Business growth - Pursue growth in the Semiconductor and Automobile-related businesses, and expand top-tier businesses in the industry. - Strengthen the system where factories in Malaysia and Japan capture demand for products manufactured outside China, while factories in China capture demand for products manufactured in China. (2) Production efficiency - Competitiveness.
Ferrotech Research Memo (4): The operating profit for the fiscal year ending March 2025 is expected to remain unchanged from the initial Financial Estimates, predicting an increase of 4.5%.
■ The future outlook for Ferro Tech Holdings <6890> 1. Performance outlook for the fiscal year ending March 2025 The full-year performance for the fiscal year ending March 2025 is expected to be revenue of 265,000 million yen (an increase of 19.1% compared to the previous year), operating profit of 26,000 million yen (an increase of 4.5% compared to the previous year), ordinary profit of 26,000 million yen (a decrease of 2.0% compared to the previous year), and net income attributable to shareholders of the parent company of 16,000 million yen (an increase of 5.6% compared to the previous year), with revenue being revised upward from the initial forecast, but operating profit and below remain unchanged.
FeroTech Research Memo (2): Main customers are major Semiconductor Device and manufacturing equipment manufacturers.
■Company Overview 1. Company Overview Ferrotec Holdings <6890> is a pure holding company with 73 consolidated subsidiaries and 9 equity-method subsidiaries as of the end of March 2024. Originally established in 1980 as the Japanese corporation "Nihon Ferrofluidics Co., Ltd." of Ferrofluidics Corporation (now Ferrotec (USA) Corporation), it later became independent from the parent company and has been pursuing its own path.