Stocks on the move at close: Lasertec corporation, Mitsubishi Corporation, and others

Lasertec Corporation <6920> - Gained ground in afternoon trading. Bloomberg reported a senior executive at Germany's Zeiss Group said China is about 15 years behind in developing cutting-edge chipmaking equipment. The executive reportedly called it a reasonable assumption that China would need 15 years to develop extreme ultraviolet (EUV) lithography systems. The report fueled optimism that Chinese rivals catching up with Lasertec - a maker of mask inspection equipment for EUV applications - remains a distant prospect, allowing it to sustain earnings longer. The report drew buying interest.

Trading house stocks - Resilient. Mitsubishi Corporation <8058> rebounded, while MITSUI & CO., LTD. <8031>, SUMITOMO CORPORATION <8053>, and Marubeni Corporation <8002> traded firmly. Itochu Corporation <8001> rose for a third straight session, with major trading house shares broadly displaying resilience. On the 2nd, CNBC aired an interview with Greg Abel, CEO of U.S. investment firm Berkshire Hathaway , in which he said the firm intends to hold its stakes in Japan's five major trading houses for decades. The remarks drew interest to the sector.

Dynamic Map Platform Co., Ltd. <336A> - Rally accelerated. The stock hit the daily limit-up for a second straight session, setting a record high since listing. Continued buying interest as an autonomous driving play contributed to gains. Dynamic Map Platform announced that Kensuke Mashimo, General Manager of its Software Technology Division, will present at the dSPACE Japan User Conference 2026 (JUC2026) at Takanawa Gateway Convention Center on Sept. 17, proposing approaches to autonomous driving AI development leveraging real-world data. The announcement also drew buying interest.

Nitori Holdings Co., Ltd. <9843> - Surged sharply, rebounding for the first time in four sessions. Nitori announced after market close on the 2nd that August domestic same-store sales rose 4.4% year-on-year, marking a second straight month of growth. Sales of dining and living room furniture, home appliances, lighting, and bedding performed strongly, supported by a summer appreciation sale, monthly themed events, and TV advertising. Total sales rose 7.1% year-on-year.

PRESS KOGYO CO., LTD. <7246> - Buying momentum strengthened, with the stock reaching a new year-to-date high. PRESS KOGYO announced after market close on the 2nd that it received an order to supply frames for the new Pajero model announced by MITSUBISHI MOTORS CORPORATION <7211> on the 2nd. According to MITSUBISHI MOTORS, the new Pajero will launch first in Thailand - its production base - followed by Japan and Australia, before rolling out to about 100 countries including ASEAN nations, Latin America, and the Middle East from next fiscal year. PRESS KOGYO's Thailand facility will manufacture the frames, with supply beginning in August.

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Source: MINKABU PRESS

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