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Nomura Downgrades Toei Company to Neutral From Buy; Price Target Is 6,100 Yen
Towns, J Front, Mitsukoshi Isetan, ETC
TODA Corporation <1860> 974.5 -0.5 fell sharply at one point during the afternoon session. After the morning close, a downward revision of the financial estimates for the fiscal year ending March 25 was announced. The operating profit was revised down from the previous estimate of 30 billion yen to 20 billion yen, an 11.7% increase compared to the previous term. It seems that the timing of the sale of the A-REIT ETF for sale by the overseas group company in the investment development business has been pushed back to next year for some parts. However, since it is said that this will lead to a favorable factor for next year's performance and that there will be no change in the annual Dividends, the decline was limited after the Selling completed.
Toei - continues to decline, as domestic securities downgrade expectations for major titles.
A continued decline. Nomura Securities has downgraded its investment rating from "buy" to "neutral," and also lowered the Target Price from 6,200 yen to 6,100 yen. The film "Oshi no Ko," which will be released on December 20, had low initial box office earnings, and the anticipated movie "One Piece" was not announced at the Jump Festa held in December, leading to a downward revision of the outlook for these productions as well as a downward correction of financial estimates. The stock performance so far has been good, having reached the Target Price.
F&LC, Park 24, etc. (additional) Rating
Upgraded - Bullish Code Stock Name Securities Company Previous After ------------------------------------------------- <1911> Sumitomo Forest Daiwa "2" "1" Downgraded - Bearish Code Stock Name Securities Company Previous After ------------------------------------------------- <9605> Toei Nomura "Buy" "Neutral" Target Price Change Code Stock Name Securities Company Previous Change
Jefferies Adjusts Toei Animation's Price Target to 4,340 Yen From 4,080 Yen, Keeps at Buy
Positive Outlook for Toei Animation: Anticipated ONE PIECE Announcements and Strong Licensing Revenue Drive Revised Buy Recommendation
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