In the daily news for 23 October, several stocks, including Bronco Billy, moved sharply on earnings announcements, revisions to earnings forecasts and AI-related news. Nihon Kohden plunged, while Mercari was affected by a U.S. company’s launch of an AI agent service.
Bronco Billy released its third-quarter results, reporting cumulative operating profit of ¥3.05 billion, up 48.4% year on year. The growth rate is expected to expand from 29.8% in April-June to 34.9% in July-September, while the full-year forecast remains unchanged at ¥3.97 billion, up 35.5% from the previous fiscal year. Same-store sales have also remained firm, supported by the effects of promotional measures. The impact is strong, and further upside is attracting attention.
Sumitomo Forestry rallied sharply. The stock rose after trading unchanged from the previous day, with gains in U.S. housing construction stocks prompting expectations of a similar move. Housing-related stocks were seen as a buying opportunity as long-term interest rates fell below 5% in the U.S. market. Attention is focused on whether the company’s share price can sustain its rise against the backdrop of local stock movements.