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Japanese Stock Market Updates: NOK, Mitsui E&S, Fujitec, and More

NOK From “Stock Search” multi-function chart ■NOK 7240> 1,903.5 yen +108 yen (+6.0%) Today’s closing price
NOK7240> has rebounded sharply for the first time in three days. After the close of trading on the 8th, in conjunction with the announcement of consolidated financial results for the cumulative second quarter of the fiscal year ending March 2024 (April to September), the company revised its full-year earnings forecast. The forecast for final profit has been raised from 18.8 billion yen to 22.1 billion yen (up 65.9% from the previous fiscal year). Gains from sales of investment securities will contribute. The company also announced that it would buy back a total of 7 million shares (4.04% of the total number of issued shares excluding treasury stock), with a total purchase amount of up to 10 billion yen, which seems to have been considered a factor. Meanwhile, the sales forecast was revised downward from 735.2 billion yen to 731.7 billion yen (up 3.1% year on year), and the ordinary income forecast was revised downward from 34.2 billion yen to 33.9 billion yen (up 27.6% year on year). The sales forecast for the seal business and the operating profit forecast for the electronic components business have been lowered.

■Mitsui E&S<7003>435 yen +23 yen (+5.6%) Today’s closing price
Mitsui E&S<7003>has rebounded significantly for the first time in three days. After the close of trading on the 8th, the company announced revisions to its consolidated earnings forecast for the fiscal year ending March 2024. The forecast for operating income has been raised from 10 billion yen to 12 billion yen (up 28.0% from the previous year), and the forecast for final profit has been raised from 3 billion yen to 5 billion yen (down 67.9% from the previous year). Looks like they collected it. In the first half (April to September), the after-sales service business in the marine propulsion systems division performed well. In addition to the effects of the weaker yen, we have factored in the impact on profits, as after-sales services and new construction work are expected to make steady progress in the second half. The sales forecast for this fiscal year remains unchanged.

■Fujitec<6406>3,573 yen +182 yen (+5.4%) Today’s closing price
Announcement of financial results on the 8th. “Recurring profits for the first half increased by 65%, and profits increased by 75% for the July-September period,” which was well received.
Fujitec <6406> [東証P] announced its financial results after the market close on November 8th (17:00). Consolidated ordinary income for the cumulative second quarter (April-September) of the fiscal year ending March 31, 2024 increased by 64.8% year on year to 10.7 billion yen, and the progress rate against the full-year plan of 15.5 billion yen reached 69.1%. This was also higher than the annual average of 47.2%.
⇒⇒See Fujitec’s detailed performance chart

■PS Mitsubishi<1871>825 yen +40 yen (+5.1%) Today’s closing price
P.S. Mitsubishi<1871>The market is rapidly increasing.On this day, Taisei Construction<1801>announced that it will conduct a TOB (takeover offer) for PS Mitsubishi with the aim of making it a consolidated subsidiary. TOB price is 1010 yen. In response to some reports regarding the TOB, the Tokyo Stock Exchange suspended trading in PS Mitsubishi from 2:00 pm to 2:45 pm. After the resumption of trading, PS Mitsubishi’s stock price has moved closer to the TOB price. The company plans to maintain its listing.

■Maruichi Steel Pipe<5463>3,788 yen +180 yen (+5.0%) Today’s closing price
Maruichi Steel Pipe<5463>has rebounded sharply for the first time in three days, hitting a new year-to-date high. After the close of trading on the 8th, in conjunction with the announcement of the consolidated financial results for the cumulative second quarter of the fiscal year ending March 2024 (April to September), the full-year performance forecast was revised, and the outlook for ordinary income was increased from 33 billion yen to 35.8 billion yen (previous year). 4.0% increase). The company now plans for an increase in ordinary income, a change from the forecast for a decrease in profits. The annual dividend forecast has been revised to 122.50 yen, an increase of 12.50 yen (an increase of 13 yen from the previous year), and these factors supported the stock price. While the company raised its sales and operating profit forecasts for North America, it lowered its sales forecast for Japan. The consolidated sales forecast for this fiscal year has been revised from 273.5 billion yen to 270 billion yen (down 1.2% year on year).

■Softbank<9434>1,742.5 yen +54 yen (+3.2%) Today’s closing price
Softbank<9434>The market is clearly making a comeback for the first time in five days. From the second half of last week, there was a rainy selloff ahead of the announcement of financial results, and the stock was looking for a downside, but today it rebounded in full force and was bought to 1,749.50 yen. The stock has rebounded by about three times as much as it has fallen in the past four business days. The company announced its financial results for the April-September period of 2023 after the close of trading on the 8th, showing a strong final profit of 302,141 million yen, an increase of 29% from the same period last year. The impact of price cuts has run its course in the company’s mainstay communications business, and the profitability of its media and e-commerce businesses has also improved. The company’s financial results exceeded the market consensus, attracting buyers who appreciated this. The company’s stock has a high dividend yield, which is also a factor in attracting individual investor funds.

■Seiren<3569>2,351 yen +51 yen (+2.2%) Today’s closing price
Seiren<3569>continued to grow. After the close of trading on the 8th, in conjunction with the announcement of consolidated financial results for the cumulative second quarter of the fiscal year ending March 2024 (April to September), the company announced the implementation of a share buyback. The company will acquire its own shares between November 9th and May 8th, 2024, up to a total of 1.2 million shares (2.2% of the total number of issued shares excluding treasury shares) and a total acquisition amount of 3 billion yen. The full-year earnings forecast has also been revised. The company has raised its sales forecast from 135 billion yen to 140 billion yen (up 5.8% from the previous year) and its final profit forecast from 10.2 billion yen to 11.1 billion yen (up 0.7% from the previous year). The recovery in the domestic vehicle materials business and foreign exchange effects have been reflected in the earnings forecast. The company now expects an increase in final profit, a change from the forecast of a decrease, and it appears that this has led to some buying.

■Nissin Shokuhoku HD<2897>13,850 yen +280 yen (+2.1%) Today’s closing price
Nissin Foods Holdings<2897>is one step higher in the back. It will move forward on the new price road with prices in the 14,000 yen range. On the 9th, the company announced upward revisions to its full-year results and dividend forecast for the fiscal year ending March 2024, leading to a rise in stock prices. The company has raised its revenue forecast for this fiscal year from 710 billion yen to 720 billion yen (up 7.6% from the previous fiscal year). In addition, the final profit forecast, which was 42.5 billion to 44.5 billion yen, has been revised to 53.5 billion to 55.5 billion yen (up 19.5 to 24.0% year on year). The annual dividend forecast has been increased by 40 yen to 200 yen (60 yen increase from the previous fiscal year). Domestically, non-instant noodles are trending steadily. Overseas, profit and loss are improving due to price revisions, mainly in the Americas, and the impact has been factored into the earnings forecast.

■Fukuyama Transporting<9075>3,590 yen -430 yen (-10.7%) Today’s closing price TSE Prime 2nd place in decline rate
Fukuyama Transportation<9075>plummeted. After the close of trading on the 8th, the forecast for the fiscal year ending March 2024 was that sales would go from 295.6 billion yen to 287.2 billion yen (down 2.1% from the previous fiscal year), and operating profit would go from 19.3 billion yen to 11.5 billion yen (4.6% from the previous fiscal year). announced a downward revision to 2% decrease). This is disgusting and sold. This is because the recovery in freight transportation volume due to the normalization of economic activity has been slower than expected. At the same time, the company announced that it will be distributing a commemorative dividend. A commemorative dividend of 5 yen will be added to the previous plan of 7 yen per year. In the April-September financial results announced at the same time, sales were 141,229 million yen (down 2.8% from the same period last year) and operating income was 6,237 million yen (down 46.6% from the same period last year).

■Sharp<6753>893.1 yen -105.7 yen (-10.6%) Today’s closing price TSE Prime 3rd place in decline rate
sharp<6753>is significantly cheaper. Financial results for the April-September period will be announced after the close of trading on the 8th. Sales decreased by 7.9% from the same period last year to 1,158.2 billion yen, and operating income fell from a surplus in the same period last year (1,017 million yen) to a deficit of 5,861 million yen. There are some sellers who are fed up with this. This was due to a significant decline in sales of domestic white goods, sluggish demand for smartphone panels, and a delayed recovery in the PC market. In addition, a decline in profits related to Sakai Display Products (SDP), an LCD panel manufacturing subsidiary, also had an impact. The outlook for a slight increase in sales and operating surplus for the full year remains unchanged.

■Vinks<3784>1,666 yen +365 yen (+28.1%) Stop high Today’s closing price
Vinx<3784>and Cybercom<3852>Cybernet System<4312>Fuji Soft Service Bureau<6188>was bought at the stop high. After the close of trading on the 8th, Fujisoft<9749>announced that it will carry out tender offers (TOB) for each company with the aim of taking them private. Stock prices tend to move closer to TOB prices. The four companies are subsidiaries of Fujisoft, and the TOB price is 2,020 yen for Vinx, 1,905 yen for Cybercom, 1,095 yen for Cybernet, and 615 yen for Fujiso SB. After the TOB is established, the company is expected to be delisted after completing the prescribed procedures. In addition to dissolving the parent-child listing, Fujisoft aims to leverage business synergies. On the same day, the Tokyo Stock Exchange designated Vinx, Cybercom, Cybernet, and Fujiso SB as stocks under supervision (currently being confirmed).

●Stop high stocks
Cybercom<3852>1,568 yen +364 yen (+30.2%) Stop high Today’s closing price
Simic HD<2309>2,600 yen +500 yen (+23.8%) Stop high Today’s closing price
Fujiso SB<6188>534 yen +98 yen (+22.5%) Stop high Today’s closing price
cybernet system<4312>1,011 yen +180 yen (+21.7%) Stop high Today’s closing price
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2023-11-09 06:15:03
#Picking #hot #stocksEvening #edition3 #NOK #Mitsui #Sharp #Hot #stocks #Stock #search #news

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