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Mitsui High-tec: (Correction) Notice regarding partial revisions to the “Supplementary Explanatory Materials for the 91st Term Financial Results for the Fiscal Year Ending January 2025”
Mitsui High fell sharply, reflecting concern over a forecasted decrease in operating profit.
Mitsui High-tec, which has the world's top Share in automotive motor cores, experienced a sharp drop. At one point, it fell to 730 yen, down 105 yen from the previous day. After the market closed on the 11th, it announced the consolidated operating profit for the fiscal year ending January 2025, the performance forecast for January 2026, and a new medium-term management plan. The consolidated operating profit for the fiscal year ending January 2025 was 16.017 billion yen, a decrease of 11.6% compared to the previous year. The decline in orders for Electronic Components and upfront investments aimed at the growth of electrical components impacted the results. For the fiscal year ending January 2026, the operating profit is expected to be 13 billion yen, an 18% decline compared to the previous year.
The Nikkei average is up 50 yen, showing strong performance after the shift to an upward trend = 12 days ago.
At around 10:06 AM on the 12th, the Nikkei average stock price fluctuated around 36,845 yen, up about 50 yen from the previous day. At 9:25 AM, it hit 36,956.33 yen, up by 163.22 yen. On the 11th, U.S. President Trump announced that a 25% additional tariff would be imposed on Iron & Steel and Aluminum imported from Canada. With the previous increase combined, the tariff rate will rise to 50%, raising concerns about the impact on the U.S. economy, leading to a continued decline in U.S. stocks. President Trump has indicated a plan to review the additional tariffs.
March 12 [Today's Investment Strategy]
[Fisco Selected Stocks] [Material Stocks] THE Global Corporation <3271> 728 yen (3/11) plans and develops condominiums, income properties, commercial facilities, etc. in the metropolitan and Kansai areas. It was announced that a business capital alliance with Asahi Kasei Homes will be established. Asahi Kasei Homes will acquire 9.88% of the stocks of THE Global Corporation from existing shareholders. Joint development of large-scale condominium projects in the metropolitan area, effective utilization of real estate development information, and cost synergies in condominium-related businesses are anticipated.
Focus on Azuwan and Yamae Group HD, while Cell Source and Mitsui High-Tech appear to be sluggish.
In the US stock market on the 11th, the Dow Jones Industrial Average decreased by 478.23 dollars to 41,433.48, the Nasdaq Composite Index fell by 32.22 points to 17,436.10, and the Chicago Nikkei 225 Futures was down by 235 yen compared to the Osaka daytime at 36,525 yen. The exchange rate was 1 dollar = 147.70-80 yen. In today's Tokyo market, Seer Inc <3458>, whose operating profit for the first half of the year was 2.3 times that of the same period last year, announced an upward revision of the dividend forecasts for the fiscal year ending March 2025 and the introduction of a holding period for its shareholder benefit system.
＜Today's individual materials＞ Azone, Burniba, REVOLU, Silver Life ETC (announced on the 11th)
▽ As-One <7476.T> has revised the Financial Estimates for the year-end Dividends for the fiscal year ending March 2025 from 29 yen to 34 yen (previous fiscal year result 31 yen). ▽ Balnibarbi <3418.T> has resolved to acquire Stocks of Enabi-Due (Minato-ku, Tokyo) and make it a subsidiary. ▽ REVOLU <8894.T> has abolished its Shareholder benefits program. ▽ Silver Life <9262.T> has reported an increase in revenue but a decrease in profit for the consolidated financial results for the second quarter of the fiscal year ending July 2025 (August 2024 - January 2025). ▽ Tokai Lease <9761.T>, fiscal year ending March 2025.