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Stocks that moved the previous day part1: Rice Curry, Toho Zinc, daikin industries, ltd. unsponsored adr, etc.
Stock Name <Code> Closing Price on the 27th Toyo Gin <8346> 261 +8.25 Revised upward financial estimates for the year ending March 2025, and also announced an increase in dividend expectations. Asteria <3853> 565 +19 NTTDIM <3850> signed an alliance partnership. Nippon Tungsten <6998> 1310 +59 Revised upward financial estimates for the first half of the year ending March 2025. Lei <4317> 440 +12 Announced the expansion of the share buyback program. Rice Curry <195A> 1040 +150 Original apparel trends
Toho Lead, Advancely, Toh Electric, etc.
<2792> Honey's HD 1725 +47 rises back. The company announced its first quarter financial results the previous day, with operating profit at 1.23 billion yen, a 23.3% decrease from the same period last year, falling short of the unchanged first half plan of 3.3 billion yen. The increase in purchasing costs due to the weak yen was the main factor. However, revenue is doing well with a 9.9% increase, driven by growth in EC business, and net profit is secured with gains from exchange rate fluctuations. It seems that operating profit is also on track with the company's plan, and the recent strengthening of the yen is expected to be positive going forward.
Active and newly listed stocks during the morning session.
*Toho Zinc <5707> 1070 +91, optimistic about the lithium-ion battery recycling business. *Japan Micronics <6871> 4320 +340, continues to ride the wave of high semiconductor-related stocks. *Reed's Inc <4612> 1051 +61.3, continues to attract attention as a China-related company. *Shiseido Company,Limited Sponsored ADR <4911> 3995 +210, investment rating upgraded by Jefferies Securities. *Hamamatsu Photonics <6965> 1864.5 +99.5, a player in the field of nuclear fusion-related.
Hot stocks digest (morning): Mitsukiko, Higasi Elec, Rice Curry, etc.
Sanmoki Co., Ltd. <1961>: ¥2386 (+¥108) soared significantly. At Tokai Tokyo Securities, the investment judgment has been newly set to "outperform," with a target stock price of ¥3000. Strong demand for equipment installation such as semiconductors and rechargeable battery factories is expected to lead to increased profitability, indicating potential for stock price growth based on valuations like the P/E ratio. It is considered that a full-fledged phase of profit expansion will begin from the fiscal year ending March 2024, and the operating profit for the fiscal year ending March 2025 is projected to be ¥12.5 billion according to the company's plan.
Hino Motors soars significantly, reaches settlement with Canadian company over engine misconduct issues.
Hino Motors <7205> surged significantly. They have announced that they reached a settlement in a lawsuit where a Canadian company sought damages over the engine manipulation issue. The settlement amount is approximately 6 billion yen, expected to be recorded as a special loss in the second quarter. In October 2023, a settlement was reached with a US company for approximately 35 billion yen in damages. Despite remaining class-action lawsuits in Australia related to the engine manipulation issue, the sense of uncertainty is steadily diminishing. Furthermore, the yen is depreciating today.
Three key points to focus on in the morning session: filling the ex-dividend gap on the same day tends to strengthen the bias towards the upside.
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