Stocks on the move (closing): Mitsui Kinzoku Company, GREENS, NADEX and others

Mitsui Kinzoku Company, Limited <5706> ? Extended gains for a second straight session. The company holds a leading global position in copper foil and also operates in semiconductor materials. For the fiscal year ending March 2027, it expects a decline in operating profit due to large-scale scheduled maintenance and the absence of prior-year inventory gains, though electrolytic copper foil for AI servers is projected to remain robust. A major domestic brokerage recently raised its price target for the stock, following Mitsui Kinzoku's May announcement to supply solid electrolytes for all-solid-state batteries. Buying in AI and semiconductor-related shares spilled over into Mitsui Kinzoku, triggering short-covering and driving the rally. The company also posted a statement on June 11 addressing media reports about its copper foil business. It noted that various reports and rumors have circulated in Asia, including claims of rising competition from South Korean rivals and reduced copper foil usage from glass substrate adoption. The company stated these reports included inaccurate information, emphasizing that its business environment and medium- to long-term growth outlook remain unchanged.

GREENS CO.,LTD. <6547> ? Surged in the afternoon session after upgrading its consolidated earnings forecast for the fiscal year ending June 2026 at around 2:00 p.m. It raised its revenue forecast from 53.2 billion yen to 53.8 billion yen (up 8.4% year-on-year), its operating profit forecast from 6.5 billion yen to 6.7 billion yen (up 6.2% year-on-year), and its net profit forecast from 3.6 billion yen to 4.5 billion yen (down 14.4% year-on-year). At the same time, the company revised its year-end dividend forecast upward by 12 yen to 52 yen (compared with 35 yen in the prior year), attracting buyers. The company noted that room occupancy rates and average room rates have both exceeded initial assumptions as it pursues revenue management tailored to regional characteristics and changes. It also expects the impact of a slowdown in inbound demand stemming from deteriorating Japan-China relations to remain limited.

NADEX CO., LTD. <7435> ? Surged by its daily limit. After the market close on June 11, the company released its consolidated earnings forecast for the fiscal year ending April 2027. It projected operating profit of 2.2 billion yen, up 96.6% year-on-year, and an annual dividend of 40 yen, up 9 yen from the prior year (interim dividend of 13 yen, year-end dividend of 27 yen). Net sales are expected to rise 30.3% year-on-year to 48 billion yen. The company plans to pursue higher profitability and expand into new sectors by enhancing its solutions. It also announced a share buyback program of up to 0.23 million shares (2.7% of outstanding shares excluding treasury stock) capped at 200 million yen. The repurchase period runs from today through Nov. 30, with all acquired shares scheduled for retirement on Dec. 25.

Ferrotec Corporation <6890> ? Temporarily hit its daily limit. Market interest has grown since the company released the Q&A transcript from its June 4 briefing for analysts and institutional investors, sparking expectations of earnings upside from thermo-modules used in optical communication transceivers. Although the stock pulled back on profit-taking, reports that a foreign brokerage raised its price target provided support. The cumulative conversion ratio for its 2028 euro-yen convertible bonds exceeded 80% as of May, easing supply-demand concerns. A broader sector shift toward AI and semiconductor stocks added further momentum to the rally.

JX Advanced Metals Corporation <5016> ? Rebounded for the first time in three sessions. The company announced on June 11 that it will begin incrementally expanding production capacity for magnetic material sputtering targets used in hard disk drive (HDD) media from the second half of fiscal 2026, driving buying on expectations of higher earnings. Long-term HDD demand is projected to grow as generative AI drives data center volumes. The company plans to strengthen the supply framework at its Isohara plant and will unveil further expansion plans for its advanced materials business as details are finalized.

Marumae Co.,Ltd. <6264> ? Surged to its daily limit. After the market close on June 11, the company upgraded its consolidated earnings and dividend forecasts for the fiscal year ending August 2026. It raised its net sales forecast by 2.3 billion yen to 20 billion yen (up 75.4% year-on-year) and net profit by 600 million yen to 3.3 billion yen (2.4 times the prior-year level). The company cited rapid order growth driven by strong semiconductor equipment demand. The year-end dividend forecast was lifted by 7 yen to 26 yen. Adjusting for the 1-for-2 stock split on April 1, the full-year dividend forecast stands at 45 yen, compared with 20 yen on the same basis a year earlier.

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Source: MINKABU PRESS

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