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Growth 250 fell back, FFRI rose significantly = Emerging Markets, April 4.
The Tokyo Stock Exchange Growth Market 250 Index declined. Overall, the Tokyo market experienced a downturn, and the Growth Market also ended weakly. Plaid <4165.T> and Dricom <3793.T> were heavily sold, while Free <4478.T> and Timee <215A.T> also traded weakly. Following reports of prioritizing domestic software procurement for Cybersecurity measures, FFRI <3692.T> saw a significant rise. In the Standard market, Sumishin SBI Net Bank <7163.T> and others fell.
BOJ Nearing End of Bank Stock Sales Shifts Focus to ETF Assets
Rakuten Bank hits a new high, with increased Financial Estimates contributing to STAR for Buy.
The major online bank Rakuten Bank <5838.T> surged, updating its all-time high. It reached a stop price of 5,680 yen (700 yen higher than the previous day). After the close on the 12th, it announced an upward revision of its performance forecasts for the fiscal year ending March 2025, attracting Buy STAR. The full-year consolidated net profit estimate was raised from 46.244 billion yen to 48.933 billion yen (a 42.0% increase compared to the previous period), and is expected to exceed consensus by approximately 2.5 billion yen. In addition, revenue from interest on loans and money market securities expanded.
Spot information on individual stocks (2)
JIA <7172.T> is at the upper limit of buy orders. The payout ratio has been raised to over 50% (previously over 20%). International Measurement <7722.T> is at the upper limit of buy orders. The consolidated results for the current fiscal year have had the Financial Estimates raised. Sunwelz <9229.T> is at the lower limit of sell orders. A special investigation committee reported that there were fraudulent claims regarding home nursing visits to almost all homes. Sumishin SBI Bank <7163.T> has significantly decreased. NTT <9432.T> is establishing its own bank.
Stocks that moved or were traded in the first half of the session.
*JIA<7172> 1520 - With the increase in the dividend payout ratio, a significant increase in dividends is expected this period. *DeNA<2432> 3732 +700 - The revenue level for the October-December period exceeded expectations. *Gurunavi<2440> 339 +57 - The substantial increase in profits for the third quarter is being highly praised. *Taiyo Yuden<6976> 2638 +370 - Upward revision of full-year performance reduces excessive caution. *Toa Construction Industry<1885> 1375 +185 - Positive outlook continues with upward revisions and increased dividends following the first-half earnings report.
Rating information (Target Price change - Part 2) = Mitsukoshi Isetan, Japan New Drug ETC.
◎Mizuho Securities (three-stage: Buy > Hold > underperform) Mitsukoshi Isetan <3099.T> - "Hold" → "Hold", 2400 yen → 2600 yen Sotetsu Holdings <9003.T> - "Hold" → "Hold", 2900 yen → 2700 yen Mitsui Trust Holdings <9302.T> - "Hold" → "Hold", 4800 yen → 8000 yen ◎Morgan Stanley MUFG Securities (three-stage: Overweight > Equal Weight > Underweight) Nippon Shinyaku <4516.T> - "Eico"