September 17 Earnings and News Roundup: Apple International Raises Ordinary Profit Forecast by 18%

Corporate ActionEarningsAnalyst
โดย 株探ニュース·JP·Read original
Summary · why it matters

Disclosure filings released after the September 17 market close produced a full slate of positive and negative developments relevant to investment decisions. On the positive side, Apple International raised its ordinary profit forecast for the current fiscal year by 18% and increased its dividend by 5 yen; Choshimaru reversed its current-year ordinary profit outlook to a 21% increase, projecting a record high for the first time in three terms along with a 1 yen dividend hike; Kasumigaseki Capital raised its prior-year ordinary profit forecast by 7%, adding to its record-high projection; and Hobonichi raised its prior-year ordinary profit forecast by 67%. In M&A, Saint Marc Holdings will take over the udon specialty restaurant business Tsurutontan from K Express for 12.8 billion yen, while B-style Holdings will acquire all shares of HR Asocié for 1.21 billion yen, making it a subsidiary. Ferrotec will launch a tender offer for Japan Resistor Manufacturing at 1,901 yen per share, a 49.1% premium to the September 17 closing price, aiming to make it a wholly owned subsidiary, while Nippon Seiki will buy back up to 3.61 million shares, or 6.27% of its outstanding shares, for a maximum of 9.979 billion yen. On the negative side, Chubu Steel Plate reversed its current-year ordinary profit outlook to a 46% decline; PharmaRise Holdings ended the June-August quarter with a 31% drop in ordinary profit; Industrial & Infrastructure Fund Investment Corporation is expected to post a 2% decline in current-year ordinary profit; Advance Residence Investment Corporation a 6% decline; and Ichigo Hotel REIT Investment Corporation an 18% decline.

Impact on stocks 10

Consumer Discretionary · 3 stocks
Apple International Co., Ltd.
2788
▲ PositiveCapitalrelevance

Apple International raised its ordinary profit forecast for the current fiscal year by 18% and increased its dividend by 5 yen.

Choushimaru Co., Ltd.
3075
▲ PositiveCapitalrelevance

Choshimaru reversed its current-year ordinary profit outlook to a 21% increase, projecting a record high, with a 1 yen dividend hike.

Saint Marc Holdings Co., Ltd.
3395
▲ PositiveCapitalrelevance

Saint Marc Holdings will take over the udon specialty restaurant business Tsurutontan from K Express for 12.8 billion yen.

Real Estate · 2 stocks
Semiconductors · 2 stocks
Ferrotec Corporation
6890
▲ PositiveCapitalrelevance

Ferrotec will launch a tender offer for Japan Resistor Manufacturing at a 49.1% premium to make it a wholly owned subsidiary.

Nippon Seiki Co., Ltd.
7287
▲ PositiveCapitalrelevance

Nippon Seiki will buy back up to 3.61 million shares, or 6.27% of its outstanding shares, for a maximum of 9.979 billion yen.

Industrials · 1 stocks
b-style Holdings, Inc.
302A
▲ PositiveCapitalrelevance

B-style Holdings will acquire all shares of HR Asocié for 1.21 billion yen, making it a subsidiary.

Energy Transition & Power Demand · 1 stocks
Kasumigaseki Capital Co., Ltd.
3498
▲ PositiveCapitalrelevance

Kasumigaseki Capital raised its prior-year ordinary profit forecast by 7%, adding to its record-high projection.

Materials · 1 stocks

Off-coverage companies 2

HR AssociePrivate± Mixed
relevance

K-ExpressPrivate± Mixed
relevance