＜4531＞ organic medicine 310 +18

Significant continuous growth. Revisions to earnings forecasts were announced the day before. Operating income for the fiscal year ended March 24 was revised upward from the previous forecast of 840 million yen to 1.11 billion yen, an increase of 23.7% from the previous fiscal year. Since operating profit declined by 2 digits until the 3rd quarter, it seems that the positive impact is intensifying. The effects of the depreciation of the yen, contributions of new products for electronic materials, expansion of sales of raw materials developed overseas, and cost reduction effects seem to be in the background. The annual dividend has also been raised from the previous plan of 7 yen to 8 yen.

＜8150＞ Sanshin Electric 2161 +121

Significant continued growth. Revisions to earnings forecasts were announced the day before. Operating profit was revised upward from the previous forecast of 4.4 billion yen to 5.7 billion yen, down 16.8% from the previous fiscal year. It seems that performance gains were not factored in from current stock price trends. As the performance of the solution business with high profit margins remained strong, it seems that profits expanded even as sales declined. Also, the annual dividend has been raised from the previous plan of 100 yen to 105 yen.

＜1720＞ Tokyu Construction 839 +42

Significant continued growth. Earnings revisions for the fiscal year ending 24/3 were announced the day before. Operating profit was revised upward from the previous forecast of 6.2 billion yen to 8.2 billion yen, up 60.6% from the previous fiscal year. Real estate business loss provisions recorded in previous fiscal years decreased due to the withdrawal of development businesses, etc., and total profit from the real estate business increased. Also, it seems that costs for research and development etc. have fallen behind expectations, and SG&A expenses have also decreased. The annual dividend has been raised from the previous plan of 36 yen to 37 yen due to the expected increase in equity capital.

＜6963＞ ROHM 2149.5 +7

Continued growth. It was announced that the SiC wafer supply agreement with ST Micro will be extended. The contract will be extended by multiple years, and a transaction value of 230 million dollars or more is expected. SiC wafers will be supplied to ST Micro from 2020, and it seems that there have been 180 million dollar transactions over the past 4 years. Initially, the contract was worth more than 120 million dollars over multiple years. The company handles everything from the production of SiC wafers to the manufacture of power semiconductors, and further business stabilization was expected due to the current contract extension.

＜7278＞ EXEDY 2914 -96

A sharp decline. A downward revision of earnings forecasts was announced the day before. Operating profit and loss were revised downward from the previously forecast surplus of 13 billion yen to a deficit of 15.5 billion yen. Since profitability is expected to decline against the backdrop of a decline in demand due to the progress of EVs for production equipment etc. in the AT segment, it seems that impairment losses of approximately 32.2 billion yen will be recorded for target tangible fixed assets. Although it is a transient factor, the negative impact on the size of the deficit took precedence.

＜5938＞ LIXIL 1718.5 -67.5

A sharp decline. A downward revision of the earnings forecast for the fiscal year ending 24/3 was announced the day before. Business profit was lowered from the previous forecast of 40 billion yen to 23 billion yen, down 10.7% from the previous fiscal year. Although underperformance was expected, the market forecast was around 30 billion yen, so the decline was more than expected. It seems that the slump in overseas business, centered on the European market, continues. Note that the annual dividend plan of 90 yen has remained unchanged.

＜3038＞ Kobe Bussan 3416 +64

Significant continued growth. Monthly trends for March were announced the day before. Operating profit increased 20.3% from the same month last year, and existing store shipments in the area under direct control also continued to be strong, with a 7.5% increase. In addition to strong sales of highly convenient frozen vegetables, it seems that products eligible for sale also contributed to an increase in sales. Operating profit has increased by 2 digits for 5 consecutive months since entering the fiscal year ending 24/10, and it is a move to evaluate the fact that expansion continues under an adverse environment where the depreciation of the yen continues to progress.

＜9532＞ Big gas 3510 +162

Significant continued growth. The day before, revisions to the earnings forecast for the fiscal year ending March 24 were announced, and ordinary profit was revised upward from the previous forecast of 170 billion yen to 226.5 billion yen, 3.0 times the previous fiscal year. Since the market forecast was around 175 billion yen, it was viewed positively as an increase above expectations. It is said that the increase in profits in the gas business, LNG sales business and electricity business in the domestic energy business, and overseas energy business was an upward factor.

＜6196＞ Strike 4810 +155

Significant continued growth. An upward revision of the earnings forecast for the first half of the year was announced the day before. Operating profit was raised from the previous forecast of 2.93 billion yen to 3.71 billion yen, up 83.0% from the same period last year. The number of contract groups for projects was 130 groups, which exceeded the original plan of 122 groups, and contracts for large-scale projects also rose to 23 groups, and it seems that the unit price of the project also exceeded the initial plan. The full-year forecast remains unchanged, but it seems that future increases etc. are also expected.

＜6632＞ JVCKW 844 +5

backlash. An upward revision of earnings forecasts was announced the day before, and operating profit was raised from the previous forecast of 16.5 billion yen to 18.1 billion yen, down 16.3% from the previous fiscal year. It seems that the wireless systems business in the safety & security field and the overseas OEM business in the mobility & telematics service field continue to perform well. Along with the improvement in business performance, the annual dividend was also raised from the previous plan of 8 yen to 12 yen, and it is at the same level as the previous fiscal year dividend of 5 yen, where there was a special dividend of 5 yen.