The main stocks moving in the morning session included DOWA Holdings, following a target price cut, TalentX, following its recruitment branding support, Fujikura, following its investment announcement, Proship, following its response to the new lease accounting standard, and KOKUSAI ELECTRIC and SCREEN, following target price increases.
DOWA Holdings maintained SBI Securities' investment rating of “Neutral” and cut its target price from ¥9,900 to ¥9,800. While assessing the earnings contribution of its smelting and recycling businesses against a pause in silver and platinum-group metal prices, SBI sought additional catalysts.
TalentX announced that it had supported 成豊建設's recruitment branding, outlining a structure providing end-to-end support from articulating the appeal of working for the company through to developing its mission, vision and values (MVV).
Fujikura was reported to have invested in Helical Fusion, a company developing fusion reactors, and will deepen its collaboration toward the commercial implementation of helical fusion reactors using magnetic fields.
Proship announced that Casio Computer had adopted “ProPlus Ver.6” to support the new lease accounting standard, and the system has been recognised for facilitating a smooth transition.
KOKUSAI ELECTRIC raised SBI's target price from ¥16,000 to ¥19,000, reflecting a recovery in the equipment market and improved profitability.
SCREEN Holdings also raised SBI's target price from ¥30,000 to ¥31,000, factoring in an improvement in demand for cleaning equipment.