In the afternoon session, Nanto Bank raised its full-year earnings forecast and indicated a dividend increase. Sumitomo Metal Mining announced a share buyback while cutting its full-year earnings forecast. Kaji Tech announced a TOB by a CSR-related fund and is expected to be delisted.
At 14:24 in the afternoon session, Nanto Bank raised its consolidated net income forecast for the fiscal year ending March 2027 from ¥22 billion to ¥25 billion, citing an improvement in net interest income, and revised its interim dividend from ¥28 to ¥32 and its year-end dividend from ¥28 to ¥32. Annual dividends are therefore expected to increase from ¥56 to ¥64.
At 14:34, Sumitomo Metal Mining announced that it had set a share buyback limit of 7.5 million shares and ¥30 billion. The purchase period is from 11 November 2026 to 29 January 2027, representing 2.79% of total shares outstanding, and the company plans to cancel any excess shares. The stock came under selling pressure when the decision was announced. The company also cut its full-year net income forecast from ¥216 billion to ¥161 billion. First-half net income rose 67% year on year.
Kaji Tech was halted from trading at 14:39, and a CSR-related fund began a TOB. The purchase price is ¥7,957 per share, with the offer period running from 11 November to 23 December. The minimum number of shares is 258,300, with no maximum set. Following completion of the TOB, Kaji Tech is expected to become a wholly owned subsidiary and be delisted. The company commented that it would express its support for the TOB to shareholders.
At 14:41, Taiheiyo Cement cut its full-year operating profit forecast from ¥76 billion to ¥63 billion. First-half operating profit was ¥30.3 billion, down 7.7% year on year. At 14:42, Mitsui E&S raised its full-year operating profit forecast from ¥34 billion to ¥40 billion, and revised its year-end dividend from ¥30 to ¥35 and its annual dividend from ¥60 to ¥65. At 14:44, UEX hit its afternoon-session limit high. First-half operating profit was ¥1.39 billion, 2.5 times the year-earlier level, and the company announced that it had revised its dividend policy, setting its previously undecided year-end dividend at ¥110 and its annual dividend at ¥140.