Hot Stock Picks[Evening Edition](1): SB Tech, Samyuki Hando, Yurtech | Hot Stocks – Stock Search News

SB Tech From “Stock Search” multi-functional chart

■SB Technology <4726> 2,546 yen +500 Yen (+24.4%) stop height Today’s closing price TSE Prime top rate of increase
SB Technology <4726> is at a stop high. After the close of trading on the 25th, SoftBank <9434> announced that it will make a takeover offer (TOB) for SB Tech at 2,950 yen per share with the aim of making the company a wholly owned subsidiary. SB Tech’s stock price moved towards the TOB price. The purchase period will run from the 26th to June 11th, and after the TOB is established, SB Tech is expected to be delisted after completing the prescribed procedures. SB Tech expressed its opinion in support of the TOB and recommended that shareholders apply. On the 25th, the Tokyo Stock Exchange designated SB Tech as a stock under supervision (subject to confirmation).

■Mimasu Semiconductor Industry <8155> 3,235 yen+503 Yen (+18.4%)stop height Today’s closing price TSE Prime 3rd place in increase rate
Mimasu Semiconductor Industry <8155> hit a stop high. Shin-Etsu Chemical <4063> announced that it will begin a tender offer (TOB) for the company after the close of trading on the 25th. The purchase price was 3,700 yen per share, and Samyuki Hando’s stock price fell to this price. Shin-Etsu Chemical will make its equity-method affiliate, Sanyuki Hando, a wholly owned subsidiary, building a flexible management structure and strengthening its stable supply system to customers. The minimum number of planned purchases will be 7,682,076 shares (ownership ratio 23.91%), and no upper limit will be set. After the TOB is established, Samyuk Hando is expected to be delisted after completing the prescribed procedures. The company aims to start the TOB in late July, and plans to announce the purchase date as soon as it is determined. Samyuki Hando will express its opinion in support of the TOB and recommend that shareholders apply. On the 25th, the Tokyo Stock Exchange designated Samyuk Hando as a stock under supervision (currently being confirmed).

■Yurtec <1934> 1,513 yen+192 Yen (+14.5%) Today’s closing price TSE Prime 4th in increase rate
Yurtech <1934> suddenly rebounded. After the close of trading on the 25th, in conjunction with the announcement of consolidated financial results for the fiscal year ending March 2024, the company disclosed its earnings forecast for the fiscal year ending March 2025. Sales for this fiscal year are expected to increase 3.6% from the previous fiscal year to 252 billion yen, and final profit is expected to increase 9.2% to 8.2 billion yen. Furthermore, after increasing the year-end dividend for the previous term by 12 yen, the annual dividend forecast for this term is now 46 yen, an increase of 4 yen. It seems that there was a lot of buying that viewed these factors as positive. In addition to working to increase orders for general and government offices by strengthening sales, we will also work to increase profits in power infrastructure equipment construction. The company also changed its dividend policy and announced a policy of increasing the consolidated dividend payout ratio to over 40%. Until now, the company had targeted a consolidated dividend payout ratio of 30%.

■Nippon Zeon <4205> 1,590 yen+175.5 Yen (+12.4%) Today’s closing price TSE Prime 5th in increase rate
Nippon Zeon <4205> soared, hitting a new year-to-date high. After the close of trading on the 25th, the company announced that it would carry out a share buyback with a total of 10 million shares (4.73% of the total number of issued shares excluding treasury stock) and a total acquisition amount of up to 10 billion yen. It seems that some buyers viewed this as a positive. The acquisition period is from May 7th to March 21st, 2025. All acquired shares will be canceled on April 4 of the same year. The company also disclosed its business forecast for the fiscal year ending March 2025. This fiscal year’s sales are projected to be 397 billion yen, an increase of 3.9% from the previous year, and final profit is expected to be 17.5 billion yen, a decrease of 43.7%. The company increased its year-end dividend forecast for the previous fiscal year by 5 yen, and increased its annual dividend forecast for this fiscal year by 2 yen to 47 yen.

■Area link <8914> 3,090 yen+335 Yen (+12.2%) Today’s closing price
Area Link <8914> rose sharply for the fourth time in a row, setting a new year-to-date high. After the close of trading on the 25th, the company announced that it would conduct a 2-for-1 stock split on July 1st, with June 30th as the record date. The non-consolidated financial results for the first quarter (January to March) of the fiscal year ending December 2024, which were also announced, show that sales increased 35.3% year-on-year to 6,883 million yen, and ordinary income increased 37.1% year-on-year. The company got off to a good start with sales of 1.342 billion yen, and appears to have been well received. In addition to growth in the self-storage business, there was also settlement of large-scale projects in the land rights development business, which made progress faster than planned.

■Myojo Kogyo <1976> 1,328 yen+135 Yen (+11.3%) Today’s closing price TSE Prime 6th in increase rate
Myojo Kogyo <1976> has rebounded sharply, dropping below the 75-day moving average due to the previous day’s decline, but today it has opened up and has risen above it again. The company is a construction company that excels in heat insulation work, and has a top-class track record in Japan for LNG construction. Both orders and completed construction are showing strong growth, and after the close of trading on the 25th, a revision of the business forecast for the fiscal year ending March 2024 was announced, with sales increasing from the previous forecast of 55 billion yen to 60 billion yen (compared to the previous period). The company’s forecast for a decline in sales (up 7%) has turned into an increase in sales, and operating income has increased significantly from 6.6 billion yen to 8.0 billion yen (up 17% year on year). Operating profit is the first new record high in five years since the fiscal year ended March 2019. On the back of strong business results, we will strengthen shareholder returns, and the annual dividend for the fiscal year ending March 2024 will be 55 yen, an increase of 19 yen from the previous plan (previous fiscal year’s actual result was 36 yen). The dividend yield is high at 4.6% based on the previous day’s closing price. The strong performance and significant upward revision of dividends became a positive surprise, leading to an aggressive investment of investment funds.

■JET <6228> 3,870 yen+370 Yen (+10.6%) Today’s closing price
The “TSE will lift credit restrictions” announced on the 25th is a buying factor.
TSE will lift temporary measures on margin trading starting from the 26th. Japan Securities Bank has also lifted its measures to collect additional collateral.

■INFORICH <9338> 3,930 yen+300 Yen (+8.3%) Today’s closing price
INFORICH <9338> rose significantly. The company announced today that it has installed a mobile battery sharing service called “ChargeSPOT” at Yokohama Stadium. The day before, it was announced that they had begun installing the system inside the Tsukuba Express station, and further developments were expected.

■Insource <6200> 779 yen+59Yen (+8.2%) Today’s closing price TSE Prime 10th in increase rate
Insource <6200> has rebounded sharply. After the close of trading on the 25th, the company announced revisions to its consolidated earnings forecast for the cumulative second quarter of the fiscal year ending September 2024 (October 2023 to March 2024). The forecast for operating income has been raised from the previous 2.14 billion yen to 2.4 billion yen (24.4% increase compared to the same period last year). The sales forecast has been revised upward from 5.97 billion yen to 6 billion yen (15.3% increase from the previous year). The main reasons for this were an increase in the sales composition of the highly profitable IT services business and lower-than-expected selling, general and administrative expenses. The company’s full-year earnings forecast remains unchanged.

■McBee Pla <7095> 13,590 yen+1,010Yen (+8.0%) Today’s closing price
Macbee Planet <7095> suddenly rebounded. After the close of trading on the 25th, the company announced that it would split its shares into 4 shares on June 1st, with May 31st as the record date. It appears that there was some buying in anticipation of improved stock liquidity. According to the company, by increasing the number of outstanding shares, it will meet all formal requirements for changing market classification to the TSE Prime Market.

Stock search news