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Active stocks (closing): Toyo Engineering, Nintendo, Finatext Holdings, among others
Active stocks (closing): Toyo Engineering, Nintendo, Finatext Holdings, among others
Toyo Engineering Corp <6330> rose for a third consecutive session, showing signs of breaking out from a bottom formation. The stock is moving to close the gap below its 25-day moving average, which has acted as overhead resistance following a saucer-bottom formation. With securing domestic rare earth resources a priority for the Takaichi administration, the company has emerged as a leader in the sector due to its participation in a rare earth mud mining project off Minamitorishima. On the 15th, the firm announced a memorandum of understanding with SLB OneSubsea to explore collaboration in offshore carbon capture and storage (CCS), serving as a fresh catalyst. Regarding earnings, investors anticipate a sharp recovery in the fiscal year ending March 2027, driven by the elimination of losses from Brazilian projects. The stock attracted waves of contrarian buying as investors viewed current levels as an opportune entry point.
Nintendo Co Ltd <7974> continued its ascent, demonstrating exceptional strength among large-cap stocks despite a broader market decline. The company released the simulation game "Tomodachi Collection: Exciting Life" for the Nintendo Switch on the 16th, which market observers suggest is off to a strong start. After hitting a year-to-date low of 8,132 yen on the 13th, bargain hunting emerged near bottom levels. However, a strategist at a mid-tier securities firm noted that "as margin buying balances are trending upward again, upside momentum appears somewhat limited."
Finatext Holdings Ltd <4419> reached new highs. Around 1 p.m., the company announced that its subsidiary Nowcast had developed a beta version of "MCPass," an AI agent control platform. MCPass centrally manages authentication and permissions when AI agents access business systems, recording all operations as audit trails. The favorable market reception follows news that the company will begin free trials this summer to support the safe business implementation of AI agents.
Techno Horizon Co Ltd <6629> surged to its daily limit. Rebounding sharply from a year-to-date low of 831 yen on April 3, the stock is once again showing its potential as a theme leader in "Physical AI"?the fusion of AI and robotics. The company has seen strong results from its TAITECH brand and AI-powered X-ray inspection equipment. For the fiscal year ended March 2026, operating profit reached 1,500 million yen, four times the previous year’s result, and double-digit growth is expected for the fiscal year ending March 2027. Recent popularity in robot-related stocks ignited short covering on accumulated short positions, driving the rally.
Asahi Diamond Industrial Co Ltd <6140> saw a rapid surge in popularity, breaking out from consolidation around the 1,200 yen level. As a diamond tool specialist, the company is capturing high demand from the semiconductor and automotive sectors. Following the close on the 16th, the firm raised its operating profit forecast for the fiscal year ending March 2026 to 2,417 million yen from a previous estimate of 2,300 million yen. This upward revision, representing a 4.6% year-on-year increase, turned an expected decline into profit growth and attracted fresh investment capital.
Data Applications Co Ltd <3848> approached its daily limit at one point. After the close on the 16th, the company announced a significant shift in its financial policy for its medium-term management plan through the fiscal year ending March 2028. Buying interest was sparked by a new commitment to a 100% total payout ratio. The company also raised its DOE (dividend on equity) guideline to a range of 3.5% to 5.0%, up from the previous 3.5% level, and added a policy to actively consider share buybacks.
*This article may contain unconfirmed information. Please make stock trading decisions at your own risk and judgment.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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