Active and newly established stocks in the afternoon session.
*Round One <4680> 1093 +91, operating profit in the previous period increased by 24.2%, exceeding the previous estimate of 12.0% increase. *Cellis <3696> 2086 +400, operating profit for the cumulative third quarter increased by 94.2%. The previous period was 74.1% increase. *Toyokawa Kogyo <6203> 1095 +122, operating profit in the previous period increased by 3.8 times compared to the same period last year. *Cellsis <3663> 1356 +120, operating profit for the cumulative third quarter increased by 73.9%. The previous period was 51.6% increase. *Symphonia <6507>
The Nikkei Average rebounded, with attention shifting to earnings stocks after some buying and selling.
On the 7th, the US stock market was mixed. The Dow Jones Industrial Average closed at 43,729.34, down 0.59 points, while the Nasdaq closed at 19,269.46, up 285.99 points. Buying sentiment continued to be positive due to Trump's victory in the presidential election, and expectations of interest rate cuts at the Federal Open Market Committee (FOMC) led to buying interest. The Nasdaq continued to rise after the opening, following the expected interest rate cut by the Federal Reserve Board (FRB) at the FOMC, resulting in a decline in long-term interest rates, and Nasdaq reached a new all-time high for consecutive days.
Ajinomoto and others continue to rank in, announce upward revision of financial estimates, share buyback, and stock splits.
Ajinomoto <2802> is ranked (as of 1:32 p.m.). It surged. After the end of the previous trading day, the financial estimates for the fiscal year ending March 2025 have been revised upward. Operating profit is expected to be 160 billion yen (8.3% increase from the previous year). It has been raised by about 1% from the previous estimate. In addition, it was announced that a share buyback of up to 1.98% of issued shares will be implemented, and on November 8, it will entrust the purchase of up to 0.69% in the Tokyo Stock Exchange's off-auction own-share repurchase trading (ToSTNeT-3). Furthermore, the date of March 31, 2025 is the reference date.
November 8th [Today's Investment Strategy]
[FISCO Selected Stock] [Material Stock] Furukawa Electric Industry <5801> 4031 yen (11/7) The forecast for the performance for the fiscal year ending March 2025 has been upwardly revised. Operating profit is expected to be 38 billion yen (3.4 times the previous year). It has been raised by about 52% from the previous forecast. This is due to productivity improvements in the automotive parts business, sales growth in data center-related products, domestic ultra high pressure and renewable energy-related products, and functional lines. The year-end dividend (= annual dividend) is set at 90 yen. The previous forecast was 60 yen, and the previous period was 6.
From the calm of the Trump trade, it moves to earnings-focused stock picking.
[Stock Opening Comments] On the 8th, the Japanese stock market started with buying, but it seems to gradually become deadlocked. On the 7th, the US market saw the dow jones industrial average drop by 0.59 dollars, while the nasdaq rose by 286 points. The Federal Reserve (FRB) decided to lower interest rates by 0.25% as expected at the Federal Open Market Committee (FOMC) meeting, leading to a decrease in long-term interest rates in the USA. The nasdaq continued to rise as it hit record highs daily. On the other hand, the victory of Mr. Trump in the US presidential election the previous day was well received.
Focus on Furukawa Electric and Ajinomoto, while Rohm and Nissan Motor are sluggish.
In the U.S. stock market on the 7th, the NY Dow Jones Industrial Average closed down 0.59 points at 43,729.34, the NASDAQ Composite Index closed up 285.99 points at 19,269.46, and the Chicago Nikkei 225 futures closed 450 yen higher at 39,690 yen compared to Osaka daytime trading. The exchange rate is 1 dollar = 152.90-153.00 yen. In today's Tokyo market, Kao Co., Ltd. <4452> reported a 99.3% increase in cumulative operating profit for the third quarter, Kurita Water Industries Co., Ltd. <6370> revised upwards its financial estimates for the fiscal year ending March 2025.