Chubu Feed ＜2053＞: 1,177 yen (+85 yen)

Massive backlash. Earnings revisions for the fiscal year ending 24/3 were announced last weekend. Operating profit was revised upward from the previous forecast of 3 billion yen to 3.9 billion yen, 2.3 times the previous fiscal year. In the feed business, the raw material position for livestock feed improved more than expected in the fourth quarter, and the increase in variable costs such as electricity costs and fuel costs fell below expectations, which is the background of the upward trend. Profit declined by 2 digits until the third quarter. The annual dividend will also be raised from the previous plan of 34 yen to 40 yen, and dividends will also increase by 6 yen compared to the previous fiscal year.

Nissan's own ＜7201＞: 546.7 yen (-14.7 yen)

The sharp decline continued. A downward revision of earnings for the fiscal year ending 24/3 was announced last weekend. Operating profit was lowered from the previous forecast of 620 billion yen to 530 billion yen, and the market consensus also seems to have been at the level of conventional company expectations. The factors behind the downward revision are due to a decrease in the number of units sold and efforts to reduce the cost burden on suppliers due to the effects of inflation, etc. Since the exchange rate was currently at a depreciation level of the yen, there seems to be a strong sense of surprise about the downturn.

Flue＜6238＞: 1173 yen (-89 yen)

The sharp decline continued. Monthly trends for March were announced last weekend. Sales increased 3.9% from the same month last year, but the growth rate has remained in the 1-digit range since August, and it is viewed as negative material. The main world view business continues to grow at a high rate, but the rate of increase in sales has slowed slightly compared to the recent past. Girls' trend businesses, fuyu new businesses, etc. are turning to a year-on-year decline.

SBI Alhi (7198): 848 yen (-53 yen)

The sharp decline continued. A downward revision of earnings forecasts was announced last weekend, and profit before income taxes for the fiscal year ending 24/3 was lowered from the previous forecast of 3 billion yen to 2.3 billion yen, down 44.2% from the previous fiscal year. The flat 35 market continued to be sluggish against the backdrop of interest rate differences between fixed interest rates and variable interest rates, etc., and it seems that there were fewer new projects executed during the period than expected, even with regard to the expected “flat 35” child-rearing plus. Expectations for the new fiscal year's results also seem to be in the direction of a slight recession.

East Electric ＜8035＞: 32,170 yen (-1,360 yen)

Continued decline. In the US market last weekend, NVIDIA fell 10%, and the SOX index fell by more than 4%. It seems that TSMC's downward revisions to the industry outlook are reverberating. Although today's Nikkei Average has turned into a rebound due to mitigation of geopolitical risks, sales continue to dominate semiconductor-related companies such as the company. Note, with respect to the company, investment decisions have been downgraded to “neutral,” assuming that the stock price incorporates most of the positive factors that can currently be anticipated by UBS Securities.

UNITED ＜2497＞: 847 yen (+13 yen)

Significant backlash. It has been announced that it has invested in Klepsydra (Ota-ku, Tokyo), which develops the spatial acoustics technology “Re:Sense.” It is a technology that faithfully reproduces the realism, texture, and sense of human presence with spatial recording technology that reproduces eardrum vibrations and unique voice correction technology using AI. We will also invest in Kiwami (Chiyoda-ku, Tokyo), which provides the VR clerk solution “xR Cast.” The operator is in charge of virtual characters remotely, and it is said that it is possible to handle multiple stores with a small number of people.

Agile ＜6573＞: 162 yen (-11 yen)

A sharp decline. The fact that the Tokyo Stock Exchange strengthened regulatory measures related to margin trading from the 22nd was frowned upon, and sales have become dominant. The contract deposit rate for new sales and purchases was 50% or more (of which 20% or more in cash). The Japan Stock Exchange is also implementing additional security deposit collection measures. There is a scene where Agile Media Network stocks are bought heavily after the listing price was set at a low price on the 2nd, and since they also rose 12% or more on the 19th of the previous business day, it seems that sales are also taking place at a price range.

Clear ＜2998＞: 4255 yen (+365 yen)

Significant backlash. It has been announced that private credit investment has been carried out in a logistics facility development project with a total value of 39.5 million Australian dollars in the suburbs of Sydney, Australia. Investment amounts are not disclosed. It is an investment in a self-storage and warehouse development project in Kirawee near Sydney, and is the first overseas project to be completed. In the future, we aim to combine overseas private credit investment products with our own crowdfunding platform.