Sumitomo Pharma Shares Plummet as Company Cuts New Drug Development Budget by 45%

■ Sumitomo Pharma 4506> 373 birds-27 Yen (-6.8%) today’s closing price TSE Prime 4th place in decline rate
Sumitomo Pharma4506> significantly cheaper. The electronic version of the Nihon Keizai Shimbun reported on the 1st, “Sumitomo Pharma announced at an online regulatory information session held on the 1st that it plans to significantly reduce the development of new drugs.” The company plans to reduce its research and development expenses for the fiscal year ending March 2025 by 45% from the previous fiscal year to 50 billion yen. The sales seem to have increased according to the news. On April 30, the company announced that its consolidated earnings forecast for the fiscal year ending March 31, 2018 was revised down from a deficit of 141 billion yen to a deficit of 315 billion yen (compared to a deficit of 74,512 million yen in the previous period). fiscal year). The loss of inhibition had a significant impact on pharmaceutical patent rights. The company also revealed its outlook for the fiscal year ending in March 2025, indicating that research and development costs will be 50 billion yen (91 billion yen in the previous fiscal year).

■ＩＮＰＥＥ1605> 2,337 yen-14 Yen (-0.6%) Today’s closing price
ＩＮＰＥＥ1605> continues to decrease. In the US crude oil futures market on the 1st, the June contract for WTI (West Texas Intermediate) fell by $2.93 from the previous day to $79.00 per barrel, falling to $80 per barrel for the first time in a month and a half from the middle. – March. At one point, the price dropped to $78.83. Weekly US crude oil inventory statistics released by the US Energy Information Administration (EIA) have risen against expectations, raising concerns about a decline in supply and demand. In addition, the search for a cease-fire​​​​ between Israel and Hamas has undermined concerns about the situation in the Middle East and caused oil prices to fall.

■ Stream M4772> 157 birds +21 Yen (+15.4%) Today’s closing price
streaming media corporation4772> suddenly moved to the back of the field. On this day, the company announced its consolidated financial results for the first quarter (January to March) of the fiscal year ending December 2024. Sales increased 11.2% year-on-year to 3,056 million yen, and increased ordinary income 25.5% year on year to 236 million yen. Normalized profit exceeded the full-year plan (94 million yen) even though it was only in the first quarter, and it seems that this was seen as a positive factor by many customers. In the entertainment industry, 16 concerts were held, most of them large concerts. The event attracted around 550,000 people, which exceeded the 320,000 people who attended the same period last year. In the broadcasting industry, the number of viewing households recovered and income from viewing fees increased due to the broadcast of a total of five premium K-pop content.

■ Caster9331> 1,335 yen +133 Yen (+11.1%) Today’s closing price
caster9331> rose sharply. Cash on after the end of the trading day3994The news that they entered into a capital and business partnership agreement with >. Manefo acquired 20.30% of the outstanding shares of Castor through a negotiated off-market transaction dated April 1. This capital and business alliance will be based on the recruitment capacity of Caster, which operates a fully remote work group and can gather human resources with diverse skills from Japan and around the world, and Manefor, which provides several back office service tools By By combining the strengths of the two companies, the aim is to address the shortage of human resources in the back office area due to the decline in the working population, which is expected to accelerate further in the future. To expand the business operated by Caster, Manefo will bring in customers and develop services together with Caster. Caster also plans to collaborate with Manefo to expand the use of Manefo’s “Money Forward Cloud”.

■ＧＥＩ9212> 482 years +27 Yen (+5.9%) High temporary stop Today’s closing price
Ｇｒｅｅ･ａｒｔｈｎｓｔｉｔｕｔｅ9212> is the temporary stop high. After the end of trading on the 1st, the unconsolidated results of the cumulative second quarter (October 2013 to March 2024) show that sales have increased from 45 million yen to 166 million yen (a 27.7% increase compared compared to the same period last year) ) announced that its operating income appeared to have improved from a deficit of 249 million yen to a deficit of 225 million yen (compared to a deficit of 162 million yen in one time last year), which I really liked. “The demonstration project of the Ministry of the Environment for the production and social implementation of low-CO2 jet fuel or jet fuel raw materials using biomass such as waste,” which was expected to record sales from the third quarter to the fourth quarter of the fiscal year ending in September 2024, and the economy due to the fact that final studies and acceptance studies regarding the “Research Project on the Bioethanol Production Industry for SAF in Indonesia” at the Ministry of Industry have been carried out and it is expected that let them be there. recorded as sales in the first half of the fiscal year.

■ Takayoshi HD9259>870 yen +46 Yen (+5.6%)High temporary stop Today’s closing price
Takayoshi’s holdings9259> increasing rapidly in the second half. At around 12:45 pm today, our Wakuwaku Hiroba subsidiary was exposed to Kobe Bussan.3038It was revealed that they have signed a licensing agreement with >, and this seems to have been noted. By developing a new hybrid store that combines a local food platform store straight from the farm “Waku Waku Hiroba” and Kobe Bussan’s “Gyomu Super”, we will create cooperation, expand business, and grow the company more do that. Also, on this day, the company announced its unconsolidated financial results for the second quarter of the fiscal year ending September 2024 (October 2013 to March 2024), with operating income of 3.89 billion yen, an increase of 10.5% compared to the same period last year.

■ Japan’s power recruitment5950> 121 birds+6 Yen (+5.2%) Today’s closing price
Japan’s power connection5950> continues to rise rapidly, hitting the new year high. After the completion of trading on the 1st, Sekisui House, which is the largest shareholder and other affiliated companies.1928> announced that they have received notice from Sekisui House to transfer all the Power Fass shares (3,877,200 shares) owned by Sekisui House to Marune (Asaka City, Saitama Prefecture) on May 9 There was an inflow of purchase based on material factors. Marune is a group company of South Korea’s S&K Polytech, which manufactures and sells high-density polyurethane foam sheets, and because it belongs to a corporate group with a global sales network, there are high expectations for business expansion. . The company says that there will be no impact on its business results as a result of this event.

■cum-fang5984> 760 yen+27 Yen (+3.7%) Today’s closing price
parallel room5984> it suddenly rose in the second half of the market, immediately setting a new year high. At around 1:40 p.m., the consolidated results for the fiscal year ending March 2024, which are currently being compiled, were announced as 20.08 billion yen (down 4.9% compared to the previous fiscal year), with sales going from the previous forecast. from 20 billion yen to 20.08 billion yen (down 4.9% from the previous period). from 500 million yen to 886 million yen (down 30.6% year on year). The company said sales and profits were higher due to the impact of foreign exchange rates.

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