DAIDOH LIMITED <3205> surged sharply, breaking away from its bottom level. The company is a mid-tier apparel firm developing its mainstay brand "New Yorker." After the close of trading on the 22nd, it announced an upward revision to its earnings forecast for the fiscal year ending March 2026. Sales were increased from the previous forecast of 32.27 billion yen to 32.5 billion yen (up 14% year-on-year), and operating profit was raised from 10 million yen to 300 million yen (compared to a loss of 64 million yen in the previous year). The company's business recovery is gaining momentum, which is attracting investment funds. After plunging in early March, the stock price had been forced to move along the bottom level, but this has heightened the sense of value pricing, attracting short-term buyers.

Canon Marketing Japan Inc. <8060> rebounded sharply and updated its all-time high. After the close of trading on the 22nd, the company announced its consolidated financial results for the first quarter (January to March) of fiscal year ending December 2026. Sales totaled 171.666 billion yen (up 2.6% year-on-year), and operating profit came to 18.526 billion yen (up 40.7% year-on-year), attracting buyers encouraged by the strong business performance. The operating profit margin reached 10.8% (7.9% in the same period of the previous year), achieving a record high for a quarterly period. IT solutions performed steadily. SI projects for the manufacturing sector in the enterprise segment progressed smoothly.

OKANO VALVE MFG.CO.LTD. <6492> indicated strong buying interest. After the close of trading on the 22nd, the company revised upward its consolidated earnings forecast for the fiscal year ending September 2026, raising sales from 8.866 billion yen to 10 billion yen, operating profit from 966 million yen to 1.95 billion yen, and net profit from 689 million yen to 1.4 billion yen. It also raised its dividend forecast from an annual 50 yen (20 yen interim, 30 yen year-end) to an annual 80 yen (40 yen each for interim and year-end, compared to 60 yen in the previous year), attracting buying interest. While simple comparison with the previous year is not possible due to an irregular accounting period last year, additional orders increased for planned projects in the valve manufacturing division for the specified severe accident response facility at Kashiwazaki-Kariwa Nuclear Power Station and for Shimane Nuclear Power Station Unit 2. Sales are also expected to exceed plan as the schedule for the Nanao-Ota Thermal Power Station project was moved forward. In the maintenance division, inspection work at Kashiwazaki-Kariwa Nuclear Power Station Unit 7 was conducted ahead of schedule, and regular inspection work at Onagawa Nuclear Power Station Unit 2 progressed beyond plan. Furthermore, increased additional orders for high-value-added products centered on nuclear power-related projects and higher-than-planned capacity utilization in regular inspection work are also expected to boost profits.

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Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.