Pre-Market Comments No. 10 covered announcements and share price movements involving Aoyama Trading, Tosoh, Toyota, 東陽テクニカ, Yakuodo Holdings and 豊和工業. The companies' August results, partnerships and plans were outlined.
Aoyama Trading announced that its existing-store sales for August rose 0.4% year on year on a preliminary basis, while falling 2.5 points from the previous month. By store category, it cited solid performance in apparel.
In a report by Nomura Securities, Tosoh's target price was changed from ¥2,630 to ¥2,770. The report raised its operating profit forecast on the assumption of strong demand related to semiconductors, while noting the potential long-term impact of the situation in the Middle East and the operating rate of its ethylene facilities.
Toyota Motor Corporation was reported to be planning to increase operating profit from businesses other than new-vehicle sales to ¥3 trillion by fiscal 2030, an increase of 40% from the current level. The company is said to be strengthening new services such as software updates and leasing, with the aim of expanding sources of earnings in global markets.
東陽テクニカ rebounded for the first time in 6 trading days and announced that it had entered into a distributorship agreement with Finland's Hamina Wireless. The company will strengthen its capability to provide Wi-Fi design and analysis solutions to companies and data centers.
Yakuodo Holdings announced that its existing-store sales for August rose 1.9% year on year, customer traffic increased 5.7%, and average spending per customer rose 1.7%. Its share price rose for a third consecutive day.
豊和工業 announced that it would strengthen its collaboration with Prodrone in drone development and manufacturing. It will subscribe to a third-party allotment of shares and establish a Prodrone mass-production plant on its premises. The companies will advance plans for stable supply and respond to demand for unmanned aircraft.