Earnings Call Summary | MITSUBISHI HEAVY INDUSTRIES(MHVYF.US) Q1 2024 Earnings Conference
Steady development from the movement of high-tech stocks and earnings evaluations.
The Nikkei Average rebounded, and closed at 35,025.00 yen (approximately 2.504 billion shares traded), up 193.85 yen from the previous day's trading, with buying centered on high-tech stocks against the backdrop of a rise in US stocks and a weak yen. Shortly after the opening of trading, it rose to 35,671.31 yen. In addition, there was a continued shift of funds to stocks with good earnings results. However, with the possibility of position adjustments, such as selling before the three-day weekend, there was a standoff around 35,000 yen after the buying spree, and it fell to 34,445.57 yen in the middle of the afternoon.
Active and newly established stocks in the afternoon session.
*DIC<4631> 2853 +131.5 revised upward financial estimates for the fiscal year ending in December. *Kimura Machinery<6231> 4605 +700 operating profit increased by 30.7% in Q1. *ZENETEC<4492> 644 +100 Q1 operating profit turned from a loss of 0.017 billion yen in the same period last year to a profit of 0.157 billion yen. *Janome<6445> 710 +100 Q1 operating profit turned from a loss of 0.18 billion yen in the same period last year to a profit of 0.481 billion yen. Also announced dividend increase.
Active and newly listed stocks during the morning session.
*Trend Micro <4704> 7742 shares - reports that the company is exploring business divestitures. *Mecc <4971> 3895 shares - annual performance estimates are significantly upwardly revised beyond expectations. *Fujikura <5803> 3038 shares - significantly upwardly revised revenue forecasts. *H-One <5989> 926 shares - good progress with operating profit turning to black in the first quarter. *Suzuki <6785> 1540 shares +297, optimistic about double-digit profit growth this fiscal year and change in dividend policy. *Happinet <7552>.
Mitsui O.S.K. Lines, among others, continues to rank high and has announced a significant upward revision in performance and dividend estimates.
Mitsui O.S.K. Lines Ltd. <6269> ranked (as of 1:33 pm). Significant rise. The interim results for the first half were announced the previous day, with operating profit at $86.71 million, which is 3.8 times higher than the same period of the previous year. The full-year financial estimates have been upwardly revised from the previous $0.2 billion to $0.29 billion, an increase of 50.3% compared to the previous year. The construction work for FPSO is progressing smoothly. The annual dividend has also been raised from the previous plan of 40 yen to 60 yen. Top changes in volume percentage [As of August 9, 1:33pm] (Latest 5 days).
Sumitomo forestry, Nexon, etc. (additional) rating.
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