The main morning-session developments were Corona revising its first-half operating loss forecast downward to ¥680 million, reports that Nippon Steel plans to invest approximately $3 billion in the Mon Valley steelworks in the US, Meisei Industrial revising its first-half net profit forecast downward, Techno Smart revising its first-half operating profit forecast upward, ABEJA adding AI-enabled robotics and other businesses to its stated business purposes through an amendment to its Articles of Incorporation, and TWOSTONE announcing the launch of a solution supporting the SCS assessment framework.
Against the backdrop of higher energy-efficiency standards scheduled for April 2027, Corona revised its consolidated first-half operating loss forecast downward from ¥500 million to ¥680 million. The revision was reportedly affected by lower sales of its core EcoCute products and higher raw material costs, while the full-year forecast is currently being compiled.
Nippon Steel plans to invest approximately $3 billion in US Steel's Mon Valley steelworks, Nikkei reported in its electronic edition. The company is also reportedly planning approximately $11 billion of investment in the US, with operations targeted to begin in the second half of 2029. The impact on the share price is considered limited.
Meisei Industrial announced that it would revise its net profit forecast for the first half of the fiscal year ending March 2027 downward from ¥2.40 billion to ¥1.85 billion. The revision was affected by losses on the management of an investment partnership and higher tax expenses. The full-year outlook remains unchanged.
Techno Smart revised its first-half operating profit forecast upward from ¥670 million to ¥1.10 billion, due in part to the earlier recognition of revenue from certain projects. Earlier recognition of second-half revenue and the effect of cost reductions also contributed.
ABEJA announced plans to submit a partial amendment to its Articles of Incorporation. The company plans to add "AI-enabled robots" and other business purposes and include business expansion in Japan and overseas.
TWOSTONE announced the launch of a total solution supporting the SCS assessment framework. The solution combines vulnerability countermeasures, CSIRT and SOC operations to support compliance with the framework.