Up Garage's September same-store sales at domestic company-operated stores rose 11.4% year on year, while sales at all company-operated stores rose 25.3% and same-store sales at franchise stores rose 6.7%, reportedly showing strong performance. Morning-session moves in Isetan Mitsukoshi, GMO Financial Holdings, Carna Biosciences, USS and LOIVE were also reported.
Up Garage Group's September domestic same-store sales at company-operated stores rose 11.4% year on year, while sales at all company-operated stores rose 25.3% and same-store sales at franchise stores rose 6.7%, indicating sales growth. Buying and sales were strong, led by used tires and wheels, riding gear and automotive products. Combined sales at company-operated and franchise stores rose 13.8%. Resilient demand for reused products, amid a reassessment of the value of goods, also provided support.
Isetan Mitsukoshi Holdings' investment rating from SMBC Nikko Securities was raised from 2 (Neutral) to 1 (Outperform), while the target price was left unchanged at ¥2,000. The stock had been adjusted lower amid concerns over duty-free sales, but the impact of changes to the duty-free system on department stores was assessed as limited. Sales to corporate sales customers, luxury customers and duty-free shoppers were considered relatively unaffected by weather. Resilience to weather was cited as an attraction.
GMO Financial Holdings rebounded after falling for 3 sessions. September over-the-counter FX trading value was ¥205.6649 trillion, with a daily average of ¥9.3484 trillion. GMO Gaika's over-the-counter FX trading value was ¥48.1840 trillion, GMO Coin's crypto asset trading value was ¥483.07 billion, and the number of Coin trading accounts was 825,207.
Carna Biosciences fell sharply. It announced that it had entered into a CTA for a physician-initiated clinical trial of monzosertib with The University of Texas MD Anderson Cancer Center. It also announced that the European Patent Office had recognized the patentability of a new administration method and dosage during examination and that it had received notification of the planned grant of a patent.
USS fell for a third consecutive session. In the first half of the fiscal year ending March 2027, the number of used vehicles sold at auction was 1,226,652, the number offered was 1,887,810, and the sales rate was 65.0%. In the second quarter, the number sold was 607,650, the number offered was 937,430, and the sales rate was 64.8%.