In today's market news, フルヤ金属 surged on reports that it had secured a large order from a major U.S. optical-components company, while rising regional-bank stocks and long-term interest rates were seen as catalysts for あいちFG. Oracle Corporation Japan reported a 22.7% year-on-year increase in operating profit for the first quarter, supported by higher cloud-services revenue.
フルヤ金属 surged, with Nomura Securities maintaining its “Buy” rating and raising its target price to ¥13,200. The company appears to have secured a large order from a major U.S. optical-components company for iridium and platinum crucibles used in optical isolators, which is expected to increase earnings over multiple years. Demand for catalysts used in electrodes is also reportedly strong, and operating profit growth is forecast to average approximately 11% annually over the three years from the fiscal year ending June 2027.
あいちFG surged, while gains in regional-bank stocks, including the company, drove the broader market higher. Rising long-term interest rates in Japan and the U.S. were viewed as a catalyst. One factor behind the move is believed to have been the rise in the U.S. 10-year Treasury yield, which reached 5.2% at one point alongside higher crude oil prices, while Japan's 10-year government bond yield also reached a high level of approximately 3.115%.
Oracle Corporation Japan surged, briefly recovering the ¥10,000 level. In its first-quarter results announced the previous day, operating profit rose 22.7% year on year to ¥25.9 billion, supported by higher cloud-services revenue. Although the company has not disclosed a full-year forecast, market consensus assumes profit growth of approximately 10%, and the results are viewed as showing strong progress.