Renova
RENOVA 9519> is rapidly increasing. After the close of trading on the 1st, the company announced a capital and business partnership with Tokyo Gas 9531> in the decarbonization field, including renewable energy and storage batteries. The two companies will consider joint development of onshore wind power generation business, as well as collaboration in biomass power generation business and grid storage battery business. East Gas will accept Renova’s capital increase through third-party allotment and is expected to become a major shareholder holding 13.04% of Renova’s shares after implementation.
■Amiyakitei<2753>5,640 yen +390 yen (+7.4%) Today’s closing price TSE Prime 4th in increase rate
Amiyakitei<2753>There was a sudden rebound. The company announced its consolidated earnings forecast for the fiscal year ending March 2025 at around 9 a.m. today. The forecast for operating income is 2.72 billion yen, an increase of 22.4% from the previous fiscal year, and the annual dividend plan is 100 yen, an increase of 10 yen from the previous fiscal year (interim dividend of 50 yen, year-end dividend of 50 yen). He seemed to be well received. Sales are expected to increase 12.4% year on year to 37.4 billion yen. The company says it will steadily implement store structure reforms aimed at increasing profits, and is planning to open 20 new stores, focusing on “Kando no Meat and Rice.”
■Asahi<3333>1,409 yen +69 yen (+5.2%) Today’s closing price TSE Prime 8th in increase rate
Asahi<3333>rose sharply for the third time in a row. It hit a new high since the beginning of the year. After the close of trading on the 1st, in conjunction with the announcement of non-consolidated financial results for the fiscal year ending February 2024, the company disclosed its business results and dividend forecast for the fiscal year ending February 2025. Sales for this fiscal year are expected to increase 5.7% from the previous fiscal year to 82.5 billion yen, and final profit is expected to increase 18.2% to 3.68 billion yen. The company’s annual dividend forecast is 50 yen, an increase of 5 yen from the previous year, and it appears that many buyers have appreciated this. This fiscal year, the company will focus on improving LTV (customer lifetime value) and will review store layouts and inventory levels, which previously focused on new car sales. In addition to building an operational structure that can handle e-commerce sales, repairs, maintenance, and reuse, the company will also work with its Chinese production partners to reduce costs. Sales for the fiscal year ending February 2024 were 78,076 million yen, an increase of 4.5% compared to the previous period, and final profit was 3,113 million yen, a decrease of 7.5%.
■Sumitomo Metal Mine<5713>4,767 yen +175 yen (+3.8%) Today’s closing price
Sumitomo Metal Mine<5713>has increased for 5 consecutive days. On the 1st, the company announced that it will be conducting a gold mine (a gold-silver alloy with a gold grade of approximately 90%) on March 31st at the Côté gold mine development project in Canada, which it has been jointly developing with Canada’s IamGold (IMG). ), which was seen as a positive sign. Regarding gold, the company has set a long-term vision target of “new participation in mine operations by acquiring superior interests,” and the promotion of the Côté Gold Mine Development Project is a strategy in line with the long-term vision. Furthermore, based on our strong partnership with IMG, we will continue to strongly promote the Côté Gold Mine Development Project with the aim of achieving early ramp-up.
■Nipro<8086>1,269.5 yen +46 yen (+3.8%) Today’s closing price
Nipro<8086>is high. While the company, a major medical device company, has achieved stable sales growth even during the coronavirus pandemic, it was forced to decline operating profit for the second consecutive year through the fiscal year ending March 2023 due to soaring prices of raw materials, energy, and logistics. Although the company continues to be affected by high raw material prices in the fiscal year ending March 2024, profits are improving due to price pass-through and a lull in the rise in logistics costs. The company is forecasting a 35% increase in operating profit (24 billion yen) for the full year, with progress rate of over 90% up to the third quarter. Stock prices have continued to trend at their highest levels since the beginning of the year on the back of strong business results. Today, foreign stocks are being bought on the back of the rating hike.
■Resonac<4004>3,492 yen +102 yen (+3.0%) Today’s closing price
Resonac Holdings<4004>is repulsed.At around 10 a.m., Mitsui & Co. announced a joint study on CCS (CO2 capture and storage), which captures CO2 (carbon dioxide) emitted by the Oita industrial complex and stores it underground off the coast of Malaysia.<8031>The company announced that it had signed a memorandum of understanding with the company, which was seen as a positive sign. Mitsui is currently working on a CCS project off the coast of Malaysia in collaboration with the Malaysian National Oil Company and others, and the signing of this memorandum will see the project considered as a storage site. Resonac will separate, capture, liquefy, store, and deliver the CO2 emitted at the Oita complex to transportation companies, while Mitsui will transport the liquefied CO2 by sea to Malaysia and store it underground off the coast of Malaysia. The company plans to proceed with verification of the necessary technical requirements and cost estimates for each.
■ＭＳ＆ＡＤ<8725>2,672 yen +58 yen (+2.2%) Today’s closing price
MS&AD Insurance Group Holdings<8725>is repulsed. After the close of trading on the 1st, regarding the consolidated results for the fiscal year ending March 2024, ordinary income exceeded the plan by 10 billion yen to 410 billion yen (40.3% increase from the previous period), and final profit was 70 billion yen. It was announced that the yen seems to have increased to 350 billion yen (up 65.9% from the previous year). It appears that the company has been well-received by adding to the highest profit forecast. The results of Mitsui Sumitomo Insurance and overseas consolidated subsidiaries are expected to exceed expectations.
■ＩＮＰＥＸ<1605>2,324.5 yen +45.5 yen (+2.0%) Today’s closing price
ＩＮＰＥＥ<1605>and oil resource development<1662>ENEOS Holdings<5020>Oil-related stocks such as In the US crude oil futures market on the 1st, the May contract for WTI (West Texas Intermediate) rose by $0.54 from the previous trading day to $83.71 per barrel. The ISM manufacturing business confidence index for March, released on the same day, was 50.3, exceeding market expectations (48.4). This is the first time since September 2022 that the index has exceeded 50, which is considered the dividing line between boom and bust. Additionally, China’s March Manufacturing Purchasing Managers’ Index (PMI), released on March 31, was steady at 50.8. Economic indicators from the United States and China have strengthened the view that the market can expect solid crude oil demand.
■Medikit<7749>3,015 yen +38 yen (+1.3%) Today’s closing price
medikit<7749>rebounded for the first time in five days. After the close of trading on the 1st, Asahi Intecc.<7747>The company announced that it had reached a basic agreement with the company, which was seen as a positive sign.MediKit has been working with Boston Scientific since 2006 for overseas sales of sheath introducers.
■LA Holdings<2986>5,080 yen +60 yen (+1.2%) Today’s closing price
LA Holdings<2986>is solid. After the close of trading on the 1st, subsidiary La Atre announced that it had acquired land and buildings in Chuo Ward, Tokyo as real estate for sale, which was seen as a positive sign. The acquisition price is not disclosed, but it is said to be more than 30% of the company’s net assets of 15,212 million yen for the fiscal year ending December 2023. This matter has not been factored into the company’s earnings forecast for the fiscal year ending December 2024.
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2024-04-02 06:11:22
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