The report covers morning market movements: THE WHY HOW DO introduced a pure gold shareholder benefit program, Kioxia Holdings surged on earnings-related developments, EXEO Group announced the acquisition of Alphast as a subsidiary, YAMADA HOLDINGS revised its first-half outlook upward, KOBE STEEL signed a cooperation memorandum with an Indian company, and THK moved following MS MUFG’s target price increase.
THE WHY HOW DO announced that it will introduce a shareholder benefit program featuring pure gold on the 27th. The program is open to shareholders holding 3,000 or more shares, and pure gold products worth a total of ¥16 million will be awarded by lottery to 1,103 people. The first prize is a 30g pure gold koban, the second prize is 10g, the third prize is a 1g gold grain, and the fourth prize is a 0.2g pure gold logo mark. Products covered by the program will also be sold at a 5% discount to all shareholders.
Kioxia Holdings surged. South Korea’s SK hynix reported operating profit for the 7-9 period at 7 times the year-earlier level, exceeding market expectations, which was viewed as a positive factor and drove its share price higher in the South Korean market. SK hynix is scheduled to announce its earnings on 30 October, and the prospect that it is also considering additional shareholder return measures is supporting buying.
EXEO Group extended its gains for a third consecutive day. It acquired Alphast under a share transfer agreement and will use its expertise and resources in the ERP implementation consulting business to strengthen support for customers’ core operations. The aim is to stabilize the provision of a full range of services, from proposals and implementation through operation and maintenance.
YAMADA HOLDINGS revised its consolidated operating profit forecast for the first half upward from the previous ¥27.5 billion to ¥28.6 billion. In addition to a surge in air-conditioner demand, the results of structural reforms under its “Kurashi Marugoto” strategy have become established. The full-year outlook remains under review, with the earnings announcement scheduled for 6 November.
KOBE STEEL signed a memorandum of understanding with Kirloskar Pneumatic to consider strategic cooperation in the non-standard compressor business with an Indian company. The companies aim to strengthen their business base and competitiveness in the Indian market by combining their customer bases and local procurement capabilities.
THK extended its gains sharply. Morgan Stanley MUFG raised its outlook for the next fiscal year and increased the target share price to ¥8,300. Against a backdrop of recovering demand for semiconductor-related and machine-tool-related products, the impact of increased expenses such as bonus provisions is viewed as temporary, while preparations for increased production are expected to progress toward the fiscal year-end.