＜7276＞ Made in Koito 2073.5 -140

The sharp decline continued. Financial results for the fiscal year ended March 24 were announced the day before. Operating profit was 56 billion yen, up 19.5% from the previous fiscal year, but profit declined drastically in the January-March fiscal year, and market expectations also declined by about 9 billion yen. There was a transient cost of about 3 billion yen, but earnings deteriorated more than expected. Also, the fiscal year ending 25/3 is 58 billion yen, which is expected to increase 3.6% from the same period, but this also lowers the consensus by about 9 billion yen. There was an increase due to dividends for the previous fiscal year, and there are plans to increase dividends this fiscal year as well, but the impact of a drastic decline in earnings levels is strong.

＜3231＞ Nomura FuHD 4426 +298

Massive backlash. Financial results for the fiscal year ending March 24 were announced the day before, and operating profit was 112.1 billion yen, up 12.6% from the previous fiscal year, slightly exceeding the previous forecast of 109 billion yen. The plan for the fiscal year ending 25/3 is 114 billion yen, an increase of 1.7% from the same period, which is almost at the consensus level. Although there are few surprises in terms of financial results, the year-end dividend was raised from the previous plan of 65 yen to 75 yen, and the current fiscal year's dividend plan is 165 yen, an increase of 25 yen from the previous fiscal year. A DOE 4% lower limit has now been newly added as a shareholder return policy.

＜6755＞ Fujitsu SE 1970 +145.5

Significant continued growth. Financial results for the fiscal year ending 2014/3 were announced the day before, and operating profit was 5.75 billion yen, down 61.9% from the previous fiscal year, but it seems that sales of the air conditioner business overseas, which exceeded market expectations by about 1 billion yen, are stronger than expected. The fiscal year ending 25/3 is 12 billion yen, which is expected to increase drastically 2.1 times the same period. The consensus is less than 2 billion yen, but it seems that it is seen as a conservative plan. While stock prices were moving in the low range, it seems that the review movement took precedence, reflecting the heightened accuracy of recovery in the future.

＜4205＞ Nichi-Zeon 1590 +175.5

rapid expansion. Financial results for the fiscal year ending 24/3 were announced the day before. Operating profit was 20.5 billion yen, down 24.6% from the previous fiscal year, but market expectations were off by about 2 billion yen. Shipments of optical resins seemed to be doing better than expected. The annual dividend was raised from 40 yen to 45 yen. Operating profit for the fiscal year ending 25/3 is expected to be 26.5 billion yen, up 29.3% from the same period. It seems to be at the same level as consensus, but the annual dividend is also planned to be increased to 47 yen. In addition, it has also been announced that a stock buyback will be carried out with an upper limit of 10 billion yen.

＜4726＞ SB Tech 2546 +500

Stops are highly proportional. The parent company SoftBank, which has invested 53%, has announced that it will make the company a wholly owned subsidiary. The company supports TOB. The TOB price is 2950 yen, which is a 44% premium compared to the previous day's closing price, and it is a movement aiming for complete relief to the TOB price. The TOB period is from 4/26 to 6/11. The company was delisted after TOB was established.

＜8155＞ Mimasu Peninsula 3235 +503

Stops are highly proportional. Shin-Etsu Chemical Co., Ltd., which is the largest shareholder, announced that it will implement TOB and make it a wholly owned subsidiary. The company has expressed opinions in favor of TOB. The TOB price is 3700 yen, which is a 35.4% premium compared to the previous day's closing price, and the movement aimed at completely falling behind the TOB price intensified. TOB is scheduled to begin around the end of July, but it has not been officially decided that a certain period of time is required for necessary procedures and responses based on domestic and international competition laws.

＜3064＞ MRO 1782.5 -150

A sharp decline. Financial results for the first quarter were announced the day before, and operating profit was 8.9 billion yen, up 10.9% from the same period last year, slightly exceeding market expectations. It seems that the effects of reducing SG&A expenses have progressed more than expected. Meanwhile, gross profit margin was 29.2%, down 0.8 points from the same period last year. The company's plans also seem to have gone downhill. It seems that the main reason is that orders from large companies have increased and the weight of PB has declined. Stock prices are currently in the high price range, and movements that negatively capture the decline in gross margin ratio prevail.

＜6702＞ Fujitsu 2425.5 -57

The sharp decline continued. Financial results for the fiscal year ended March 24 were announced the day before. Operating profit was 160.3 billion yen, down 52.2% from the previous fiscal year, significantly lower than the previous forecast of 250 billion yen. The downturn itself was an expected line, but structural reform cost recording for the January-March period also weighed heavily. The forecast for the fiscal year ending 25/3 is 330 billion yen, 2.1 times the same, which is almost the consensus level. It seems that the stance has changed since the bullish guidance disclosure. Implementation of company stock buybacks has also been announced in line with the mid-term shareholder return policy.

＜6861＞ KEYENCE 69610 +5030

Massive backlash. Financial results for the fiscal year ending 24/3 were announced the day before, and operating profit was 495 billion yen, down 0.8% from the previous fiscal year, and market expectations seem to have risen by just over 5 billion yen. The increase in personnel led to top-line growth, and the pace of sales growth expanded in the January-March fiscal year. The operating margin was also 52.1%, improving from 50.5% in the previous quarter. Although the outlook for the fiscal year ending 25/3 has not been disclosed as usual, the movement to evaluate current solid performance trends has taken the lead.

＜4063＞ Shin-etsuka 5906 -402

The sharp decline continued. Financial results for the fiscal year ending 2014/3 were announced the day before, and operating profit was 701 billion yen, down 29.8% from the previous fiscal year, and market expectations were lowered by about 30 billion yen. Impairment records in the functional materials business, electronic materials, living environment basic materials, etc. also each fall short of expectations. The first quarter plan of 165 billion yen for the fiscal year ending 25/3 also seems to be about 20 billion yen lower than the market forecast. Both results and forecasts fell below expectations and were negative. Note, there is a view that demand for silicon wafers bottomed out in the January-March fiscal year.