The main developments reported during the afternoon session included 富士フイルム’s announcement of a new product launch, 住友電’s expansion of alternative tools, progress in responding to China’s export controls and Amano Corporation’s downward revision to its earnings outlook, among other developments.
富士フイルムホールディングス announced that its subsidiary 富士フイルム will launch instax mini Evo 2 on 27 November. The new product retains the classic design, analog controls and multiple effects of the existing model while improving image quality and usability.
住友電気工業 was reported to be expanding its tungsten-substitute tools by 30%. As export controls make it more difficult to secure rare metals, the company plans to increase the proportion of tools made primarily from titanium compounds, reducing tungsten usage by 80% from the previous level. Although impact resistance remains an issue, resistance to chipping is said to have improved.
Amano Corporation lowered its full-year operating profit forecast from the previous ¥24.0 billion to ¥20.0 billion. The factors cited included the reaction from demand for Windows updates, longer sales cycles for the new TimePro-eX product, higher software amortization expenses and weak overseas markets.
百十四銀行 raised its full-year net profit forecast from the previous ¥21.0 billion to ¥25.0 billion. Net interest income and gains on sales of shares are expected to exceed forecasts, and the interim dividend was also revised.