＜6856＞ Horiba 13035 -2615

Plummeting. Financial results for the first quarter were announced the day before, and operating profit was 10 billion yen, down 4.2% from the same period last year, falling below market expectations of around 11.5 billion yen. The full-year forecast is 52 billion yen, an increase of 9.9% from the previous fiscal year, but since exchange rate expectations for both the dollar and the euro have been revised in the direction of depreciation of the yen, it seems that it is actually viewed as a downside. It seems that Japanese semiconductor manufacturing equipment manufacturers, etc. are aware of delays in demand recovery, etc.

＜8309＞ Misumi Trust 3584 +289

Significant continuous growth. Financial results for the fiscal year ended March 24 were announced the day before. Net profit was 79.2 billion yen, down 58.5% from the previous fiscal year, and profit and loss related to stocks deteriorated greatly, such as implementing shareholding improvements for Bear Asset Management. Meanwhile, the fiscal year ending 25/3, when this impact comes round, is expected to rapidly expand 3.0 times the same at 240 billion yen. The consensus level seems to have been around 220 billion yen. Incidentally, the mid-term target value for the fiscal year ending 26/3 was 240 billion yen. The annual dividend for the fiscal year ending 25/3 is 145 yen, an increase of 35 yen from the previous fiscal year.

＜2331＞ ALSOK 925 +80

Massive backlash. Financial results for the fiscal year ending 24/3 were announced the day before. Operating profit was 39.1 billion yen, up 5.6% from the previous fiscal year, almost on the planned line. The fiscal year ending 25/3 is 40.3 billion yen, which is expected to increase 3.1% from the same period, and the consensus level is below 2 billion yen. However, movements that favor the strengthening of shareholder returns prevail, such as the increase in dividends due to the increase in dividend payout ratio, 17.7 million shares, which is 3.5% of the number of issued shares, and the announcement of implementation of company stock repurchases with an upper limit of 15 billion yen.

＜6005＞ Miura Takumi 3037 +384.5

rapid expansion. Financial results for the fiscal year ended March 24 were announced the day before, and operating profit was 23.1 billion yen, up 5.2% from the previous fiscal year, slightly higher than the previous plan. The fiscal year ending 25/3 is 25.6 billion yen, which is expected to increase 11.0% from the same period, and the consensus is around 2 billion yen. It also seems that they are anticipating improvements in the demand environment and effects of yen depreciation. It seems that the effects of the takeover of a rice company have not been factored in. It looks like the rebound power of stock prices will strengthen in response to guidance that exceeds expectations.

＜6952＞ Casio total 1165 -155

Plummeting. Financial results for the fiscal year ending 24/3 were announced the day before, and operating profit was 14.2 billion yen, down 21.8% from the previous fiscal year, and market expectations were lowered by nearly 3 billion yen. The fiscal year ending 25/3 is 16 billion yen, which is expected to increase 12.6% from the same period, but the consensus level of about 23 billion yen falls far below. The medium-term plan has also been revised downward, and the fiscal year ending 26/3 has been lowered from the previous plan of 36 billion yen to 26 billion yen. Stock buybacks have also been announced, but there is limited movement to view positive material as an expected line.

＜6941＞ Yamaichi Denki 3270 +504

Stops are highly proportional. Financial results for the fiscal year ending 2014/3 were announced the day before, and operating profit was 2.93 billion yen, down 67.9% from the previous fiscal year, and landed on the conventional planning line. Meanwhile, profit for the fiscal year ending 25/3 is 7.5 billion yen, which is expected to increase drastically 2.6 times the same period. The rapid recovery, which was more than expected, had a positive impact. A rapid recovery in earnings from the TS business is expected. The annual dividend is also 74 yen, an increase of 43 yen from the previous fiscal year, and the dividend is planned to increase drastically. The implementation of a share buyback of 500,000 shares, which is 2.44% of the number of issued shares, with an upper limit of 1 billion yen was also announced.

＜6269＞ Mitsui Marine 2900 -420

Plummeting. Stock sales of 21.908,400 shares and implementation of sales due to overallotment with an upper limit of 3.286,200 shares have been announced. The seller is Mitsui E&S, the largest shareholder holding 40.53%, and the shareholder ranking after sale is 3rd with a holding ratio of 8.47%. The sales price determination period is from the 22nd to the 28th. The impact on supply and demand due to large-scale sales implementation is being feared. Furthermore, the first quarter financial results, which were announced the day before, progressed well due to a drastic increase in profit.

＜9843＞ NITORI HD 17950 -3445

Plummeting. Financial results for the fiscal year ended March 24 were announced the day before, and operating profit was 127.7 billion yen, falling below the market consensus of about 136 billion yen. Records of continuous profit increases etc. have also come to a standstill. The fiscal year ending 25/3 is expected to be 129.6 billion yen, an increase of 1.5% from the previous fiscal year, which is about 20 billion yen below the consensus. Cost increases such as setting up distribution centers also seem to resonate. The decline in premiums, which are companies that have continuously increased profits over a long period of time, is also in a form where negative feelings are strengthened.

＜3099＞ Mitsukoshi Isetan 2653.5 +317

rapid expansion. Financial results for the fiscal year ended March 24 were announced the day before, and operating profit was 54.4 billion yen, up 83.6% from the previous fiscal year, which greatly exceeded market expectations of about 51 billion yen. The fiscal year ending 25/3 is expected to be 64 billion yen, up 17.7% from the same period. This is also far above the consensus of about 57 billion yen. It also seems that effects such as structural reforms and CRM enhancements are expected to become apparent. In addition, it was announced that 8.5 million shares, which is 2.3% of the number of issued shares, will be implemented with an upper limit of 15 billion yen.

＜6758＞ Sony G12950 +985

Significant continued growth. Financial results for the fiscal year ending March 24 were announced the day before, and operating profit was 1,208.8 billion yen, almost at the level expected by the market. The fiscal year ending 25/3 was 1.275 trillion yen, which is slightly below the forecast and consensus for a 5.5% increase from the previous fiscal year, but I&SS's drastic profit increase plan etc. are viewed positively. Also, 30 million shares, which is 2.46% of the number of issued shares, announcements of share buybacks with an upper limit of 250 billion yen, and mid-term numerical targets with an average annual growth rate of 10% or more excluding the financial sector were also viewed as buying materials.