NRI surged as IBM's results beat expectations. SHIFT remained firm after SBI raised its target price, while related developments involving AEON Financial, Papanets, Toho and FRONTEO were also reported.
U.S.-based IBM reported its July-September results, with revenue and profit exceeding market expectations. Among domestic stocks related to the company, NRI, NEC, Fujitsu, Obic and TIS rose. SaaS-related stocks were also bought, with Money Forward, Sansan and Appier Group rising sharply.
SHIFT maintained its Buy rating from SBI Securities, with its target price raised from ¥2,400 to ¥2,700. In the fourth quarter of the fiscal year ending August 2026, revenue rose 33% year on year to ¥45.8 billion and operating profit rose 63% to ¥6.06 billion, while the proportion of projects using generative AI increased. The retention rate for existing customers improved to 93.2%.
AEON Financial rebounded sharply after 4 days following Oasis Management's purchase of additional shares. Its holding ratio increased from 10.80% to 11.82%. Papanets was offered at the lower limit and announced that it had withdrawn its application to list on the TSE Standard Market, although the timing remains undecided. A market transfer to the FSE main market will proceed first.
From Tokai Tokyo's perspective, Toho was expected to see a turnaround in earnings momentum following the release of a major film financed by the company, and its target price was raised from ¥1,880 to ¥2,010. FRONTEO announced expanded service plans for its research security support services and enhanced researcher network analysis functions, and rose sharply for a second consecutive session.