The report covers stocks showing activity following news released at the open. IDEC announced a revision to its earnings outlook, Nitori Holdings and Fast Retailing reported September same-store trends, and INFRONEER will conduct a public offering.
On the 2nd, IDEC announced an earnings revision after the close and indicated that ordinary profit for the current fiscal year is expected to rise from the previous forecast of ¥6.75 billion to ¥8.95 billion. The profit growth rate was revised upward by 32.6%, expanding the outlook for profit growth in the current fiscal year.
On the same day, Nitori Holdings reported that September same-store sales rose 2.3% year on year, exceeding the year-earlier level for the third consecutive month. This was viewed as a positive catalyst for the shares.
Fast Retailing announced that September same-store sales at its domestic Uniqlo stores rose a solid 10.8% year on year, and the market is viewing the recovery in its domestic business positively.
Meanwhile, INFRONEER announced plans to conduct a public offering and secondary offering, along with a third-party allotment of up to 7.17 million shares. The issue price is scheduled to be determined between 21 and 26 October.