Isetan Mitsukoshi, PERSOL HD, etc. (additional) Rating
Upgrade-Bullish Code | Stock Name | Securities Company | Conventional | After Change |------|---------|---------|---------|<9519>|RENOVA |GS | “Selling” | “Neutral” |Target Stock Price Change Code | Stock Name | Securities Company | Traditional | After Change |------|------|---
Isetan Mitsukoshi --- Significant growth continues, leading to good financial results and stock buyback evaluations that surpass consensus
Significant continued growth. 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.
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