West Holdings announced an investment in e-dash during the afternoon session, while AMITA Holdings began business collaboration with Daiseki in the resource-circulation field. Rating changes for Nissan Motor, Kansai Electric Power and Toyota Motor were reported, and Towa Food's Q1 results were also released.
West Holdings announced an investment in e-dash, which provides comprehensive decarbonization support. e-dash raised approximately ¥3.34 billion in total from 5 subscribing companies, including West Holdings. It supports sustainability management by combining assistance with the development and installation of renewable energy facilities and cloud services for visualizing and reducing CO2 emissions.
AMITA Holdings turned positive in the afternoon session. It announced that AMITA Circular, a group company, had entered into a business collaboration agreement with Daiseki on 24 July concerning the recycling of liquid waste. Going forward, Daiseki will accept the liquid waste currently accepted by AMITA Circular, while AMITA Circular will continue to serve as the point of contact.
Mizuho Securities changed Nissan Motor's target price from ¥380 to ¥340 and maintained its Neutral rating. The brokerage expects the company's low preference within the sector to continue.
Mizuho Securities changed its rating on Kansai Electric Power from Neutral to Buy and changed its target price from ¥2,500 to ¥3,100. The changes reflect expectations for medium-term earnings improvement based on a review of high-voltage electricity rates and an application for approval to revise the outlook for wheeling revenue.
Towa Food Service announced Q1 operating profit of ¥250 million, up 9.8% year on year. Strong performance in its café business and the effects of price revisions in July contributed to higher revenue and profit.