The potential for stocks priced below ¥100 to make a major move has attracted attention, and 北紡 rose sharply on 23 October. It closed at ¥87, up 29.85%, with trading volume surging to 2.65 million shares. By contrast, 日本コークス工業 traded in the ¥85 range, with its financial weakness highlighted.
In its sharp surge on 23 October, 北紡 opened at ¥67, reached a high of ¥95 and closed at ¥87, while trading volume swelled to approximately 2.65 million shares. The stock has attracted attention as a sub-¥100 issue, and the company operates a crypto-asset business holding bitcoin, with some of the crypto-assets acquired since 2025 being lent out. The focus on 13 November is expected to be whether its interim results show a path to profitability.
In addition to its bitcoin holdings, the company acquired a 51% stake in V Limousine in March 2026 and resolved to establish KITABO Solutions, aiming to bring its mobility business into the black. However, unexercised stock acquisition rights exceed the number of shares outstanding, creating a risk of substantial dilution if they are exercised.
Despite being listed on the TSE Prime Market, 日本コークス工業's share price remains around ¥85, and its PBR is 0.73x, valuing the company at roughly 70% of net assets. With losses continuing in the coke business, the company's high borrowings and elevated D/E ratio are cited as financial risk factors. A plan has been presented calling for a recovery in operating profit in the fiscal year ending March 2027, following the suspension and impairment charges in November 2025 and the largest loss in the fiscal year ending March 2026.
The decline in the coke business's profitability and deterioration in financial metrics are cited as risk factors, while 北紡's new crypto-asset-related businesses and capital measures, together with its potential path to profitability, are being discussed. The article organizes the current status and future catalysts for individual stocks by risk ranking, directing attention to each stock's catalysts and changes in financial stability.