Among the afternoon's notable news, it was announced that XRISM's cryocooler system had achieved its required service life of 3 years after launch, while Schoo entered into an agreement with Beppu City to create learning opportunities. Sumitomo Corporation also began construction of a grid-scale battery storage facility in Namie, Kubota's investment rating was downgraded, Okamoto Glass obtained a US patent allowance for its GI method, and Daikin Industries' investment rating was upgraded by MS MUFG Securities.
Sumitomo Heavy Industries, Ltd. continued to rise after announcing that the cryocooler system for an instrument aboard XRISM (XRISM) had achieved its required service life of 3 years from launch. XRISM is an X-ray astronomy satellite that observes high-temperature plasma, and extended operations have been approved through 2030.
Schoo entered into agreements with Beppu City, the Beppu Chamber of Commerce and Industry and others to provide learning opportunities and online training locally for residents and companies in the city.
Sumitomo Corporation announced that it had begun construction of a grid-scale battery storage facility in Namie. The project was selected in the Long-Term Decarbonized Power Supply Auction, with commercial operations scheduled to begin in 2029.
Morgan Stanley MUFG Securities downgraded Kubota's investment rating to Underweight and raised its target price. It noted that North American sales account for approximately 40% of total sales, with two-thirds of those sales coming from the agricultural machinery and engine businesses.
Okamoto Glass announced that it had obtained a US patent allowance for its GI method. The GI method is used in molding three-dimensional products, and registration in the US is expected to support expansion worldwide.
MS MUFG Securities raised Daikin Industries' investment rating from Underweight to Equal-weight and raised its target price to ¥22,500. The company was assessed as having growth potential in data centers and the Indian market, centered on sales in the Americas.