Among individual stocks in focus today, Shin-Etsu Polymer raised its earnings and full-year outlook, MURAKI became active following a tender offer announcement, and Giftee Group disclosed unauthorized access by a third party and expects to record an extraordinary loss.
Among major stocks, Advantest rebounded sharply against a backdrop of turmoil in the US market. The factors behind the rise included buying back of technology stocks and an increase in the SOX Index, while the release of materials related to a US company's IPO has emerged as a point of focus.
Shin-Etsu Polymer released its first-half results, reporting a substantial increase in operating profit from the previous period. It announced that it would raise its full-year forecast from ¥16.0 billion to ¥18.2 billion and planned to raise its dividend from ¥66 to ¥72. It also announced a share buyback of 450,000 shares, with a maximum value of ¥1.25 billion.
MURAKI disclosed a tender offer by IKUYO, with an offer price of ¥3,000 per share and a policy of raising the ownership ratio to a maximum of 50.13%. The share price reached the daily limit-up through proportional allocation on expectations that the tender offer would be completed.
Giftee Group announced that unauthorized access by a third party had occurred in the systems of its subsidiary Giftee, resulting in the fraudulent issuance of e-gift certificates. No reduction in customer assets has been confirmed at this time. The group-wide loss is expected to be approximately ¥550 million, and an extraordinary loss is expected to be recorded in the fourth quarter.