Stocks on the move (closing): HIDAY HIDAKA, Resonac Holdings, BayCurrent, and others

HIDAY HIDAKA Corp. <7611> - Gained strength late in the afternoon. The company released its first-half results around 3:00 p.m., with net sales up 10.8% year-on-year to 34.063 billion yen, operating profit up 11.0% to 4.067 billion yen, and net profit up 11.4% to 2.774 billion yen. The results were well received alongside a dividend forecast hike from 52 yen to 56 yen annually (28 yen each for interim and year-end). Seven new store openings, higher same-store customer traffic, promotional campaigns, and extended operating hours drove sales growth. Although rising ingredient prices and higher labor costs increased expenses, HIDAY HIDAKA absorbed the headwinds to deliver double-digit profit growth. Full-year earnings forecasts for the fiscal year ending February 2027 were left unchanged, with net sales at 67.0 billion yen (up 7.6% year-on-year), operating profit at 6.8 billion yen (up 3.3%), and net profit at 4.5 billion yen (down 4.9%). HIDAY HIDAKA also released its September sales report, with same-store sales up 2.2% year-on-year for a 43rd straight month of record-high same-month sales.

Resonac Holdings Corporation <4004> - Rose sharply for a third straight session. U.S. investment advisory firm Capital Research and Management Company and its joint holders raised their combined stake in Resonac from 11.62% to 12.40%, spurring buying interest. According to an amended large shareholding report filed with the Kanto Local Finance Bureau, the reporting trigger date was Sept. 25. The investment purpose of Capital Research and Management (holding 11.86% standalone) is listed as pure investment for overseas investment trusts.

BayCurrent, Inc. <6532> - Attracted active buying interest. The major comprehensive consulting firm targets net sales growth of 28% and net profit growth of 27% year-on-year for the fiscal year ending February 2027, aiming for a second straight year of record profits. Peer Accenture reported fiscal fourth-quarter (June-August 2026) results on Oct. 1 with revenue and EPS topping expectations, surging nearly 16% on strong bookings. The post-earnings rally in Accenture served as a catalyst for BayCurrent, easing lingering concerns over AI substitution in consulting. The stock broke above its 25-day moving average and reclaimed 8,000 yen.

KUSURI NO AOKI HOLDINGS CO., LTD. <3549> - Hit the daily limit-up price as buying surged. After the close on Oct. 1, the company reported first-quarter results for the fiscal year ending May 2027 (May 21 to August 20), with net sales up 13.8% year-on-year to 159.042 billion yen and operating profit up 16.0% to 8.424 billion yen, buoyed by strong performance. KUSURI NO AOKI is expanding its food category by increasing large-format stores and fresh produce handling expertise. From June to August, it opened 21 new drugstores, advancing its dominant-store strategy. With five store closures, total drugstores stood at 1,123 as of August 20. September same-store sales (August 21 to September 20) rose 2.4% year-on-year for a third straight month of growth, providing further support.

PRAP Japan, Inc. <2449> - Hit the daily limit-up price. After the close on Oct. 1, the company announced a capital and business alliance with Illinois-based Edelman, one of the world's largest independent PR firms. The partnership aims to leverage Edelman's global network and expertise to enhance support for global clients in Japan and Japanese firms expanding overseas. Edelman is expected to acquire 935,800 shares held by WPP Group subsidiary Cavendish Square Holding via an off-exchange transaction, becoming the top shareholder with a 21.03% voting stake. The transaction, valued at about 1.27 billion yen, is set for execution on Oct. 30.

PILLAR Corporation <6490> - Extended its winning streak to eight straight sessions, putting a new year-to-date high in sight. SMBC Nikko Securities maintained its "1 (Outperform)" rating on Oct. 1 and raised its price target from 11,400 yen to 14,400 yen. The brokerage expects current strong demand to beat PILLAR's upwardly revised guidance and anticipates that a recovery from memory cycles and inventory adjustments will drive record profits, providing the main catalyst.

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Source: MINKABU PRESS

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