In morning trading, Advantest opened with a sell indication, Marusan Securities rose further after reporting higher first-half profit, Suzuken rose after Nomura raised its rating, ORO announced its ZAC contract count and changes to shareholder benefits, Disco indicated an upside to its operating profit forecast, and PowerX announced a large-scale contract for stationary battery storage.
Against a backdrop of declines in U.S. technology stocks, Advantest opened with a sell indication, while domestic AI- and semiconductor-related stocks also traded weakly. The SOX Index was reported to have fallen, affecting display-related stocks as well.
Marusan Securities announced that net profit for the first half of the current fiscal year rose 24.1% year on year to ¥2.86 billion, while operating revenue reached ¥11.99 billion on increased mutual fund and stock commissions. The formal announcement is scheduled for the 29th.
Nomura Securities raised its rating on Suzuken from Neutral to Buy, citing the company’s value creation beyond the pharmaceutical wholesaling business, and raised its price target to ¥3,550.
ORO announced that its ZAC contract licenses totaled 366,000 in September. There were 800 new licenses, 400 additions by existing customers, and 1,100 cancellations or reductions. It also announced a change to digital gifts for shareholder benefits.
Following a Nikkei report, Disco was reported to expect operating profit of approximately ¥110 billion for April–September 2026, which would be a record high for the company. The stock opened weakly.
PowerX announced that it had signed a sales contract for 47 stationary battery storage systems worth a total of ¥4.854 billion. Orders are expanding, particularly for large-scale projects, and the cumulative number of installed sites has reached 111.