REFINVERSE Group,Inc. <7375> rebounded sharply. The company announced today it will launch a joint feasibility study with Mitsubishi Chemical, a subsidiary of Mitsubishi Chemical Group Corporation <4188>, and others to comprehensively verify the collection, sorting, recycling, and traceability of used plastics, attracting buying interest. The study aims to establish a stable supply system for high-quality recycled plastics for automotive and other applications. It will be conducted by nine companies, including Mitsubishi Electric Corporation <6503> and TOYOTA MOTOR CORPORATION <7203> as a cooperating partner. The participants aim to build a business model for a "recycled plastics aggregation hub" utilizing digital technology and AI. The project has been selected for a Ministry of the Environment program under the fiscal 2025 supplementary budget.

Synspective <290A> rose significantly after Nomura Securities raised its price target to 2,082 yen from 1,753 yen on May 21, maintaining its top "Buy" rating. The upgrade reflects expectations for accelerated overseas expansion amid growing national security demand for small Synthetic Aperture Radar (SAR) satellites in Europe and Asia. Nomura expects Synspective's international sales to grow from around 2028, noting its potential to build a world-class SAR satellite constellation. The brokerage considers Synspective the most promising space-related stock.

Sumitomo Electric Industries, Ltd. <5802> surged, opening with a wide gap up. The company announced on May 21 that it secured a major high-voltage direct current (HVDC) cable order from German transmission system operator Amprion. Worth approximately 2 billion euros (360 billion yen), it marks the largest single order in the group's history, driving heavy buying on long-term earnings growth expectations. The 2-gigawatt project spans 530 kilometers as part of the "Rhein-Main-Link" transmission network, with completion scheduled for 2032.

NIPPON CHEMI-CON CORPORATION <6997> briefly hit its daily upward limit. The company announced today the development of its "LBY Series" leaded aluminum electrolytic capacitors, optimized for automotive SRS airbags and AI servers. The new series offers up to 23% higher capacity than conventional models by utilizing newly developed high-magnification aluminum electrode foil. The company has begun shipping samples, with mass production slated for September.

Oncolys BioPharma Inc. <4588> extended its sharp rally to hit the daily limit. Before the market open today, the company announced that a Ministry of Health, Labour and Welfare subcommittee recommended regular approval for its oncolytic virus "Telomelysin Injection" on May 21. The treatment targets esophageal cancer ineligible for radical resection or chemoradiotherapy. Following formal approval and NHI drug price listing, the launch remains on track for the current fiscal year.

Microwave Chemical Co., Ltd. <9227> hit its daily limit on speculative buying. The company announced on May 21 that it was selected for Amazon.com Inc. 's "Amazon Devices Climate Tech Accelerator" program, which fosters technologies aimed at reducing environmental impact. Microwave Chemical proposed its low-concentration precious metal recovery solution. The company will jointly develop an integration plan with Amazon ahead of a presentation to Amazon Devices executives scheduled for October.

*This information may include unconfirmed details. Please make stock trading decisions at your own risk and judgment.

Source: MINKABU PRESS

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