Stocks on the move (midday) = Morpho, ZenmuTech, and ITO EN
Morpho Inc. <3653> - After opening lower, the stock reversed sharply higher to hit its daily limit-up price. The company announced today that it will begin joint development with automotive parts maker Astemo in camera technology for software-defined vehicles (SDVs). Key joint development themes include AI algorithms for driving environment and occupant sensing, as well as lightweight implementation, drawing buying interest.
ZenmuTech Inc. <338A> - Surged to hit its daily limit-up price. After market close on the 1st, the company announced the launch of a cybersecurity business using Secret Sharing Proxy Technology, jointly developed and patented with the Healthcare AI Platform Technology Research Cooperative (HAIP). The company is considering deployment across medical institutions, municipalities, corporations, and research institutions. HAIP members include SoftBank Corp. <9434>, Hitachi High-Tech, and Microsoft Japan. The announcement drew buying interest.
ITO EN, LTD. <2593> - Rebounded sharply to a new year-to-date high. After market close on the 1st, the company reported first-quarter (May-July) results for the fiscal year ending April 2027. Net sales came in at 135.18 billion yen (up 3.3% year-on-year), operating profit at 10.2 billion yen (up 22.0%), and net profit at 6.559 billion yen (up 14.8%), drawing buying interest. The core leaf and beverage business posted a significant profit increase. Sales grew as domestic and overseas price hikes took hold, while profit was boosted by lower promotional expenses and reduced depreciation charges following vending machine impairment losses in the prior fiscal year. The company maintained its full-year guidance for the fiscal year ending April 2027, projecting net sales of 500 billion yen (up 0.4% year-on-year), operating profit of 20 billion yen (down 7.8%), and net profit of 11.43 billion yen (3.3 times the prior year). The progress rate against its full-year operating profit target reached about 51%.
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Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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