Stocks on the move (closing): OKAMOTO GLASS, NIPPON FILCON, TriIs, and others

OKAMOTO GLASS CO., LTD. <7746> - Extended its winning streak to eight straight sessions with accelerating gains. Around 2:30 p.m., OKAMOTO GLASS announced its proprietary glass injection molding process, G-injection (GI method) - which extrudes molten glass and pours it into molds to form product shapes - received patent approval in the United States, drawing positive market reaction. The technology is already registered in Japan, Europe, China, and Taiwan, and with U.S. registration, OKAMOTO GLASS plans to globally roll out products such as three-dimensional aspherical lenses and new light-guide devices capable of efficiently concentrating diffused light emitted from LEDs within a specific angular range.

NIPPON FILCON CO., LTD. <5942> - Surged further in afternoon trading to set a new year-to-date high. On Oct 1, NIPPON FILCON announced consolidated financial results for the nine-month period (Dec 2025-Aug 2026) of the fiscal year ending Nov 2026 alongside an upward revision to its full-year earnings forecast, drawing positive market reaction. NIPPON FILCON raised its full-year net sales forecast to 29 billion yen by 500 million yen (up 4.2% year-on-year) and lifted its net profit forecast to 1.15 billion yen by 350 million yen (compared with a net loss of 726 million yen in the prior fiscal year). Steady sales in industrial functional filters and conveyors as well as electronic components and photomasks, alongside cost-containment effects, were incorporated into the revised forecasts. Nine-month net sales reached 21.65 billion yen (up 7.6% year-on-year), while net profit reached 971 million yen (up 56.8% year-on-year).

TriIs Incorporated <4840> - Briefly hit its daily limit-up price. After market close on Sep 30, TriIs announced a basic agreement with ICOM INCORPORATED <6820> to operate LIMNO (Tottori City, Tottori) as a joint venture, drawing buying. LIMNO, engaged in planning, development, procurement, manufacturing, and quality control of electrical equipment, is set to become a unit of TriIs effective Oct 1. Under the strategic capital and business alliance, TriIs will transfer a 49.0% stake in LIMNO to ICOM, with the two companies jointly operating LIMNO as a joint venture. Through the partnership, the companies aim to combine ICOM's wireless technology, LIMNO's manufacturing expertise, and TriIs's business alliance and development network to secure mass-production contracts for drone-related components, communication modules, and peripheral devices. Additionally, the alliance plans to leverage TriIs's advisory and business partnership network to attract ODM, OEM, and EMS projects from home appliance and electrical equipment manufacturers considering a shift from overseas to domestic production, while expanding sales channels using both companies' distribution networks. TriIs noted the impact on earnings for the fiscal year ending Dec 2026 is under review.

NPC Incorporated <6255> - Extended upward momentum to a third straight session. After market close on Sep 30, NPC announced consolidated operating profit for the fiscal year ended Aug 2026 appeared to beat its prior forecast, reaching about 846 million yen (down 52.3% year-on-year), up from 760 million yen, drawing positive market reaction. Net sales fell short of forecast at about 5.811 billion yen (down 36.9% year-on-year) versus prior guidance of 8.014 billion yen, as acceptance inspection for equipment on a large domestic project scheduled for fourth-quarter revenue recognition was not completed. However, high-margin relocation and modification projects and significant material cost reductions contributed to higher operating profit.

BIKE O & COMPANY Ltd. <3377> - Rose for a fourth straight session, setting a new year-to-date high. After market close on Sep 30, BIKE O & COMPANY revised upward its consolidated earnings forecast for the fiscal year ending Nov 2026, raising net sales to 38.8 billion yen from 38.7 billion yen (up 0.6% year-on-year), operating profit to 860 million yen from 710 million yen (up 47.0% year-on-year), and net profit to 750 million yen from 570 million yen (up 2.3-fold year-on-year), drawing positive market reaction. Contributing factors include steady customer touchpoint acquisition through enhanced marketing, procurement base stabilization via strengthened sales management, and favorable auction market conditions that aided quality vehicle procurement. On the sales side, wholesale unit sales are expected to recover as BIKE O & COMPANY maintained appropriate inventory levels, while selling prices and average gross profit per unit are expected to stay high amid buoyant auction market conditions, further boosting profitability.

Suruga Bank Ltd. <8358> - Touched an all-time high for the first time in about one and a half months. After market close on Sep 30, Suruga Bank announced an upward revision to its consolidated net profit forecast for the fiscal year ending Mar 2027, raising the figure to 44 billion yen from 32 billion yen (up 26.7% year-on-year). The revision marked a reversal from a prior forecast for a profit decline to an increase, with Suruga Bank indicating it is on track to post record net profit for the first time in 10 fiscal years. The dividend forecast was also raised to 80 yen from 60 yen per share (compared with 60 yen in the prior fiscal year), drawing positive market reaction. New loan originations and rising interest rate pass-through progressed smoothly, leading to expectations of first-half earnings topping forecast. The revision also reflected favorable earnings momentum as well as financial and economic outlooks and future earnings trends.

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Source: MINKABU PRESS

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