Nippon Steel has ranked in, upward revision and share buyback.

Toyo Steel Co., Ltd. <5423> has ranked in (as of 9:42am). After the close of market last weekend on the 26th, it is expected that the operating profit forecast for the second quarter of the fiscal year ending March 2025 (April-September 2024) will be revised upwards from JPY 15 billion to JPY 17 billion, and the decline rate compared to the same period of the previous year is expected to shrink from 30.4% to 21.1%. At the same time, a share buyback of up to JPY 10 billion and 6.8 million shares (6.26% of the total issued shares) was also announced, and the improvement in the performance outlook and aggressive share buyback are being evaluated directly.

Fisco Japan20:45 ET

Investment strategy for today, July 29th.

[Fisco selected stock] [Material stock] MK Seiko <5906> 400 yen (7/26) handles repair equipment for cars such as gate-type car wash machines and transportation information boards. It has revised its financial estimates for the first half of 25 years ending March. Operating profit is expected to be 1.1 billion yen (an increase of 12.1% compared to the same period last year). The previous estimate was doubled. Due to the strong investment interest in improving non-oil revenue and the demand for labor-saving maintenance operations, the SS business is doing well. The full-year estimate has not been revised. Operating profit for the year ending March 25 is 10.0.

Fisco Japan20:35 ET

Kurimoto Iron Works, GS Yuasa, etc.

*Kurimoto Tekkojo <5602>: Integration of upstream processes at two locations for iron pipe production reorganization (Nikkan Kogyo front page) - ○*GS Yuasa <6674>: Production capacity of rocket thermoelectric batteries to be increased fivefold for the fiscal year ending March 29 (Nikkan Kogyo front page) - ○*NTT <9432>: Google to join IOWN international organization promoting establishment (Nikkan Kogyo front page) - ○*Mitsubishi Heavy <7011>: Increasing production of aircraft components in Vietnam with an eye on in-house manufacturing (Nikkan Kogyo front page) - ○*Toyota Motor <7203>: Expanding supply chain by establishing EV battery plant in Fukuoka (Nikkan Kogyo)

Fisco Japan19:32 ET

After the buying spree, we will focus on individual responses based on the settlement.

[Stock Opening Comment] On the 29th, the Japanese stock market is expected to have a buying-dominant market development following a high trend in the US stocks. On the 26th of the US market, NY Dow surged 654 dollars and Nasdaq went up 176 points. A better-than-expected performance of 3M's financial estimates as well as PCE price index staying within expectations and confirming a trend in inflation stagnation, have led to a strong buying spree due to expectation of interest rate cuts later this year. The Chicago Nikkei 225 futures clearing price was 38235 yen, an increase of 545 yen compared to Osaka. The exchange rate was 1 yen.

Fisco Japan19:27 ET

Pay attention to Nippon Electric and Tohoku Steel, while Hitachi Construction Machinery and SMS are weak.

In the US stock market last weekend, the Dow Jones Industrial Average rose 654.27 points to 40,589.34, and the Nasdaq Composite Index rose 176.16 points to 17,357.88. The Chicago Nikkei 225 futures rose 545 yen to 38,235 yen compared to the Osaka day-ask price for the day. The exchange rate is 1 dollar = 153.70-80 yen. In today's Tokyo market, high-purity <4973> reported a 2.7-fold increase in operating profit for the first quarter from the same period last year, while Misumi G <9962> saw a 31.4% increase and Keyence saw a 10.9% increase in the same period.

Fisco Japan19:15 ET

List of cloud-clearing stocks (weekly) (part 2)

List of stock market companies that have passed beneath the clouds. Market Code Company Name Closing Price Leading Span A Leading Span B Tokyo Stock Exchange Prime <1803> Shimizu Construction 882 990.5 911.5 <1821> Sansumukensetsu 394 400.5 395 <1884> Nichidoro 1765 2116 1803 <1975> Asahi Kogyo

Fisco Japan19:09 ET