Stocks on the move (closing): ZEON CORPORATION, GIKEN LTD., SAMCO INC. and others

ZEON CORPORATION <4205> - Rose for a fourth straight session to a record high. The company disclosed it invested in Canvas Biosciences, Inc. through its U.S. corporate venture capital subsidiary, a move well-received by the market. Canvas Biosciences is a startup developing and manufacturing pharmaceuticals using the gut microbiome, with proprietary technology to map the relationship between the microbiome and host cells. ZEON aims to explore new opportunities in the microbiome market and strengthen its future business portfolio.

GIKEN LTD. <6289> - Firmed in afternoon trading after announcing its "Silent Piler" hydraulic pile press-in and extraction machine and "press-in method" were adopted for the second phase of India's Kharicut Canal Redevelopment Project. Six Silent Piler units will be delivered to Fuji Infrastructure, a unit of GIKEN's Indian partner Fuji Silvertech Concrete Pvt. Ltd. The project aims to reconstruct urban functions along an 80-kilometer canal built during the British colonial era, focusing on flood control, traffic relief, and sanitation. In the second phase, the Silent Piler will install reusable continuous steel sheet pile walls along a 10-kilometer section to develop a six-lane arterial road above the waterway.

SAMCO INC. <6387> - Extended its sharp rally toward record highs after upgrading its full-year earnings and dividend forecasts for the year ending July 2026 late on Friday. The company raised its net sales forecast to 10.785 billion yen from 10.2 billion yen, operating profit to 2.631 billion yen from 2.46 billion yen, and net profit to 1.919 billion yen from 1.72 billion yen. The year-end dividend forecast was raised to 75 yen per share from 60 yen. The upward revision reflects robust demand for communication and optical devices driven by generative AI adoption, alongside strong gross margins from price discipline and high capacity utilization.

Fit Easy <212A> - Surged for a fifth straight session after lifting its earnings guidance and dividend forecasts for the year ending October 2026 late on Friday. Net sales are now projected at 14.322 billion yen (up from 13.62 billion yen), operating profit at 3.506 billion yen (up from 3.14 billion yen), and net profit at 2.473 billion yen (up from 2.15 billion yen). The year-end dividend forecast was bumped to 25 yen per share from 20 yen, making the full-year payout 51 yen. The upgrade reflects strong membership growth at existing outlets from aggressive campaigns and new services, alongside improved cost-effectiveness in marketing and IT expenses.

SANNO Co.,Ltd. <3441> - Surged after reporting a more than doubling of nine-month operating profit to 1.582 billion yen, beating its full-year target of 1.4 billion yen. Net sales for the August-April period rose 42.4% year-on-year to 11.05 billion yen, driven by strong orders in high-growth sectors like automotive ADAS, semiconductors, AI servers, and smartphones. Price hikes to counter rising raw material costs also bolstered the earnings base. The company left its full-year forecasts unchanged.

Ridge-i Inc. <5572> - Attracted heavy buying, briefly hitting its daily limit, after boosting its full-year earnings forecasts late on Friday. For the year ending July 2026, Ridge-i expects net sales of 2.9 billion yen (up from 2.8 billion yen), operating profit of 500 million yen (up from 345 million yen), and net profit of 370 million yen (up from 210 million yen). The upgrade follows a robust project pipeline for generative AI consulting and larger orders from existing clients, including revenue recognition from a 400 million yen order by partner SBI Holdings, Inc. <8473>. Improved margins, higher employee utilization, and lower customer acquisition costs also supported the revision.

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Source: MINKABU PRESS

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