Sakussa - Introduction of the interim Dividends system and partial amendment of the articles of incorporation.
On the 21st, SAKSA <6675> announced the introduction of a mid-term Dividends system and partial amendments to its articles of incorporation with the aim of enhancing opportunities for profit return to Shareholders. The company has previously conducted a year-end Dividends once a year, but will now introduce a mid-term Dividends with a record date of September 30 each year. Consequently, the annual Dividends amounting to 135 yen will consist of a year-end Dividends of 70 yen and a mid-term Dividends of 65 yen. Additionally, regarding the year-end Dividends for the fiscal year ending March 2025, a regular Dividends of 135 yen per share will be issued along with a record.
Sakusa --- Revision of the full-year consolidated financial estimates for the fiscal year ending March 2025 and dividend estimates.
Saksa <6675> announced on the 21st that it would revise the consolidated financial results forecast for the fiscal year ending March 2025 and the year-end Dividends forecast, which were announced on November 29, 2024. In the revised financial forecast, revenue was reduced by 2.3% from the previous estimate of 44 billion yen to 43 billion yen, while operating profit and ordinary profit were upwardly revised from 2.8 billion yen to 3.2 billion yen, an increase of 14.3%. Net income attributable to the parent company's shareholders was also increased from 2.2 billion yen to 3.2 billion yen, a rise of 45.5.
The decline in Japanese tech stocks led to a temporary drop below the 38,000 yen level.
The Nikkei average continued to decline, closing at 38,142.37 yen, down 95.42 yen (with an estimated Volume of 1.8 billion 50 million shares). In the previous day's USA market, tech stocks were sold off, leading to a focus on selling semiconductor-related stocks in the Tokyo market. The Nikkei average dropped to 37,742.76 yen during the mid-morning session, also dipping below the key level of 38,000 yen at times. However, many are eager to wait for the earnings report from USA semiconductor giant NVIDIA, which is scheduled for early tomorrow morning Japan time.
Afternoon session [Active stocks and traded stocks]
* Econach HD <3521> 169 + Upward revision of financial estimates for the fiscal year ending March 2025. * Tesec <6337> 1523 +51 Announcement of Share Buyback up to 1.44% of outstanding shares. * Nagoya Electric <6797> 2180 +721 Stock split of 2-for-1. * Adish <7093> 576 +80 Partnership contract with a South Korean company for automated marketing content AI. * Kyowa Electric <6853> 437 +17 Announcement of mid-term management plan. PB 1-time.
TIS has updated its high price [New high price and new low price update stocks].
The new high price update stocks on the Main Board include DM Mitsui Sugar Holdings <2109> and Kioxia Holdings <285A>. The 24 stocks with new low price updates on the Main Board are Yahagi Construction Industry <1870> and Kyudenko <1959>. "Main Board" "Standard Board" "Growth Board" New highs New lows New highs New lows New highs New lows 02/26102417891002/25134015129702/194731396950
Advantes --- actions to Buy back ahead of NVIDIA's earnings report.
After a decline the previous day, the indices fell below the 25-day and 75-day moving averages, but despite significant adjustments in Tokyo Electron <8035>, relative strength can be observed. In the USA, there are moves to reduce holdings in large tech stocks, and while a cautious stance cannot be abandoned, in anticipation of NVIDIA's earnings report, it appears that short sellers may find it easier to cover their positions.