＜8769＞ ARM 469 +60

rapid expansion. It has announced the implementation of treasury stock acquisitions with an upper limit of 1 million shares and 600 million yen, which is 5.88% of the number of issued shares. The acquisition period is from 5/20 to 12/30. The purpose is to enhance shareholder returns and improve capital efficiency, and it is said that all shares of the acquired treasury stock will be cancelled on 25/1/31. In addition, a medium-term management plan for the fiscal year ending 27/3 has also been announced, and numerical targets such as aiming for operating profit of 1.3 to 1.6 billion yen (720 million yen for the fiscal year ending 24/3) have been set.

＜6638＞ Mimaki 1486 +78

Significant continuous growth. Ichiyoshi Securities continued the “A” rating and raised the fair value from 2000 yen to 3000 yen. It was determined that it had moved from a recovery in business performance to a stage where growth was evaluated, and it seems that the earnings forecast for the fiscal year ending 26/3 onwards was revised upward. The predicted PER for the fiscal year ending 25/3 is only 7.5 times, and it was analyzed that there is plenty of room for appreciation due to valuation corrections. It seems that it is assumed that the contribution of the new DTF printer product “TxF150-75” will increase.

＜5713＞ Sumitomo Ore 5488 +393

Massive backlash. Today, in addition to the company, strong movements of major non-ferrous companies such as Mitsubishi Materials and Mitsui Kinzoku are conspicuous. Gold, copper, nickel, etc. have generally risen in the commodity market last weekend, and are buying materials for non-ferrous related stocks. Last weekend, the People's Bank of China established a funding frame of 300 billion yuan, and support measures etc. to be applied to loans for state-owned enterprises responsible for purchasing completed housing inventories were announced, and it seems that expectations of economic recovery in China led to an increase in non-ferrous market conditions.

＜5363＞ TYK 448 -34

The sharp decline continued. Financial results for the fiscal year ended March 24 were announced last weekend. Operating profit was 3.18 billion yen, down 0.5% from the previous fiscal year, and it has almost landed on the previous forecast line. However, the annual dividend has been reduced from the previous plan of 17 yen to 16.2 yen, which seems to be viewed as negative material. Also, operating income for the fiscal year ending 25/3 is 3.47 billion yen, which is expected to turn into a 9.0% increase and increase in profit, but the annual dividend is planned to be 15.8 yen, which is a 0.4 yen reduction in dividends.

＜5852＞ Aresty 718 +68

rapid expansion. Financial results for the fiscal year ending 24/3 were announced last weekend, and operating income was 2.29 billion yen, a significant increase from 0.2 billion yen in the previous fiscal year, but it is in line with the revised value on 4/23. Meanwhile, for the fiscal year ending 25/3, profit is expected to increase continuously by 42.7% at 4 billion yen. It seems that they are expecting an increase in order volume due to the launch of new products, mainly in North America and India. The annual dividend is 15 yen for the fiscal year ending 24/3, an increase of 5 yen from the previous fiscal year, and 28 yen, an increase of 13 yen for the fiscal year ending 25/3.

＜1801＞ Taiseiken 5830 +267

Massive backlash. Nomura Securities raised investment decisions from “neutral” to “buy,” and the target stock price was also raised from 5,300 yen to 6900 yen. It seems that gross profit from domestic construction and sales profit forecasts for policy holdings were revised upward in the medium term. Due to tenacious price negotiation efforts, a recovery in profitability at the time of order acceptance in the construction business is expected in the future, and it is also assumed that shareholder returns such as stock buybacks will expand after the fiscal year ending 26/3 due to progress in sales of policy holdings. Operating profit for the fiscal year ending 26/3 is expected to expand to 107 billion yen.

＜5210＞ Hiyama village salt 1977 +400

The stop is high. According to the mass ownership report submitted last weekend, it became clear that the MI2 joint ownership ratio had reached 5.35%. The purpose of ownership is to make advice, important proposals, etc. to management according to investment and circumstances. MI2 is a fund where Mr. Takaki, the eldest son of Mr. Murakami Yoshiaki, served as the representative director, and it seems to follow the trend of the old Murakami Fund system. It is a development where requests for future stock purchases and expansion of shareholder return measures are speculated.

＜2329＞ Tohokushinsha 1444 +300

Stops are highly proportional. Financial results for the fiscal year ending 24/3 were announced last weekend, and operating profit is expected to be 2.68 billion yen, down 36.3% from the previous fiscal year, and the fiscal year ending 25/3 is also 2.16 billion yen, down 19.2% from the same period. Meanwhile, the annual dividend for the fiscal year ending March 24 was increased from the previous plan of 19 yen to 78 yen. The same level is planned for the fiscal year ending 25/3, but quarterly dividends will be implemented. In the mid-term plan, it is clearly stated that approximately 50 billion yen of cash will be utilized in a well-balanced manner over 5 years for “structural reforms,” “M&A,” and “shareholder returns.” In the background of this dividend increase.

＜9099＞ C&F LOGI HD 4500 +700

The stop is high. It is reported that it became known that SGHD would embark on an acquisition of the company. Currently, AZ-COM Maruwa is implementing TOB for 3000 yen per share for the company, and it seems that it will play a white role. The company “reserves” expressions of opinion against AZ-COM Maruwa's TOB, and it has also been clarified that they are receiving counterproposals from other companies, and the current stock price has been hovering at a level above 3000 yen. SGHD also has a policy of adding a premium to the current stock price and doing TOB.

＜4063＞ Shin-etsuke 6083 +243

Massive backlash. We announced the implementation of treasury stock acquisitions of 22 million shares, which is 1.1% of the number of issued shares, with an upper limit of 100 billion yen. The acquisition period is from 5/20 to 11/29. The purpose of the acquisition is to improve capital efficiency and return to shareholders. It seems that all shares acquired are scheduled to be written off on December 6. The acquisition quota will be at the level of 100 billion yen or more for 3 consecutive years. The announcement after the announcement of financial results can also be seen as an expression of the company's awareness of the low stock price level.