Kobe Bussan's stock continues to fall, with a decline in operating profit for June on a standalone basis.

Continued decline. The company released its June monthly report on a standalone basis yesterday. Operating profit decreased by 6.4% year-on-year to 2.53 billion yen, and monthly operating profit decline was the first time in 16 months. This is due to sluggish growth in existing store shipments and a deterioration in gross profit margin. Existing store shipment results increased by 3.1% year-on-year, but the growth rate was the lowest since the 24th fiscal year of October. Gross profit margin was 9.8%, and it deteriorated from the same month and the previous month of the previous year. It is believed to be due to the depreciation of the yen and the rise in raw material prices.

Fisco Japan01:23 ET

Mitsui Kinzoku, TDK, etc. (added) Rating

Downgrade - Bearish Code| Company Name | Securities Company | Previous | Current | ------|-----------|----------|---------|---------| <5938> | LIXIL　　 | GS 　　　 | "Buy" | "Hold" | <6674> | GS Yuasa | City　　 | "1" | "2" | Target stock price change code| Company Name | Securities Company | Previous | Current | ------|

Fisco Japan22:28 ET

July 23rd [Today's Investment Strategy]

[FISCO Selected Stocks] [Material Brands] JM Holdings <3539> 2752 yen (7/22) operates food supermarkets such as 'Japan Meat Fresh Store' and 'Niku no Hanamasa'. It is based in the Kanto region. It has upwardly revised its financial estimates for the fiscal year ending July 2024. The operating profit is expected to be 9 billion yen (an increase of 24.2% from the previous year). This is about a 16% increase from the previous estimate. Same-store sales are steadily increasing. In the fourth quarter, there will be unexpected new store openings and store renovations, resulting in temporary costs.

Fisco Japan20:16 ET

Meiko, Furuno Electricity, etc. (Part 2)

<6787> Meiko Co., Ltd. Mizuho Bank shares holding ratio: 8.08% → 9.13%. Reporting obligation occurs on 15 July 2024. <6814> Furuno Electric Co., Ltd. Mizuho Bank shares holding ratio: 6.23% → 7.26%. Reporting obligation occurs on 15 July 2024. <6817> Sumida Corporation Mitsubishi UFJ Trust and Banking Corporation shares holding ratio: 6.39% → 4.96%.

Fisco Japan19:58 ET

Ayro Inc group, Pool Corp, etc. (Part 1)

<1820> Nishimatsu Construction Co., Ltd., Mizuho Bank, Ltd. shareholding ratio 6.23% → 8.43% obligation to report on July 15, 2024 <2181> Persol Holdings Co., Ltd., T. Rowe Price Japan Co., Ltd. Shareholding ratio 8.51% → 8.97% Obligation to report on July 12, 2024 <2229> Calbee, Inc., T. Rowe Price Associates, Inc.

Fisco Japan19:57 ET

Focus on Mail Shipping and Insouce [Today's individual stock trends]

On the American stock market on the 22nd, the Dow Jones Industrial Average rose by 127.91 points to 40,415.44, the Nasdaq Composite Index rose by 280.63 points to 18,007.57, and the Chicago Nikkei 225 futures rose by 470 yen to 39,950 yen compared to the Osaka-Nichi-Nichi High Low Average. The exchange rate was 1 dollar = 156.90-157.00 yen. In today's Tokyo market, Insouce <6200>, which upwardly revised its JMHD <3539> performance forecast for the year ending July 24 and upwardly revised its profit and dividend forecast even though its sales forecast for the year ending September 24 was downwardly revised,

Fisco Japan19:15 ET