Reports during the morning session said that Yaskawa Electric cut its full-year profit forecast, アイビス HD launched its IPO, Kioxia HD faced sell indications, Iseki & Co. fell sharply, Globalway entered into a capital alliance and joint venture with an Indian company, and INPEX extended its gains on higher crude oil prices.
Yaskawa Electric cut its consolidated operating profit forecast for the full fiscal year ending February 2027 from ¥60.0 billion to ¥57.5 billion, representing a 21.5% increase year on year. Revenue is expected to rise from ¥580.0 billion to ¥600.0 billion, with the weaker yen expected to contribute, although the migration of its core systems affected production and shipments in the first half.
アイビスホールディングス announced a dual listing on the Next market of the Nagoya Stock Exchange and the Q-Board market of the Fukuoka Stock Exchange, and opened with buy indications. The offering price was ¥520, while pre-opening indications were around ¥700.
Kioxia Holdings faced sell indications. Following an announcement by China's CXMT of progress in next-generation DRAM design, selling pressure spread across memory-related stocks.
Iseki & Co. fell sharply for a fourth consecutive day. It announced an offering of 1,352,100 shares and an additional offering of up to 200,000 shares through an overallotment, and set a share buyback limit of 330,000 shares and ¥500 million.
Globalway announced a capital and business alliance with India's Snow Mountain AI and plans to establish a joint venture. It will acquire 1,190 common shares of the partner for approximately ¥77 million, with its ownership interest expected to be 70.0%.
INPEX extended its gains on higher crude oil prices. NY crude oil futures rose, with instability in the Middle East cited as a factor.