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Japanese stock buybacks this week (4/7~4/11)
――――4/7――――$Mebuki Financial Group(7167.JP)$ will buy back up to 45 million shares, 4.57% of its outstanding shares (excluding its own shares), for an amount of JPY¥ 23 billion.$Nippon Yusen
Veru Inc is rebounding, considering the establishment of a share buyback limit of 421,000 shares.
Veru Inc <5290.T> has rebounded, reaching 1,848 yen, up 120 yen at one point. After the market close on the 9th, it was announced that a share repurchase limit has been established, which was seen as a positive factor. The company set a repurchase limit of 421,000 shares (1.65% of the total issued shares excluding treasury stock) and 800 million yen. The acquisition period will be from April 11 to July 31. The decision to repurchase shares was made to enhance shareholder returns, improve capital efficiency, and implement a responsive capital policy in accordance with changes in the management environment.
April 10 [Today's Investment Strategy]
[Fisco Selected Stocks] 【Material Stocks】 Furuno Electric <6814> 1,992 yen (4/9) Engaged in fish finders and other Electronic Equipment for ships. Announced financial results for the fiscal year ending February 2025. Operating profit is 13.1 billion yen (2.0 times compared to the previous period). The previous Financial Estimates were raised from 11 billion yen to 12 billion yen on January 14 (an increase of 84.0% year-on-year), but it exceeded those expectations. Achieved record-high revenue and profit for the second consecutive year. The operating profit for the fiscal year ending February 2026 is estimated to be 11.5 billion yen (a decrease of 12.8% compared to the previous period). At the same time,
Focus on 7&iHD and Furuno Electricity, while Saizeriya and Manny may be sluggish.
In the US stock market on the 9th, the Dow Jones Industrial Average rose by 2,962.86 points to 40,608.45, the Nasdaq Composite Index increased by 1,857.06 points to 17,124.97, and the Chicago Nikkei 225 Futures were up by 3,030 yen compared to the Osaka daytime price at 34,860 yen. The exchange rate was 1 dollar = 147.70-80 yen. In today's Tokyo market, 7 & iHD <3382> announced a Share Buyback of up to 15.1% of outstanding shares with operating profit forecasted to decrease by 21.2% compared to the previous period and a 0.7% increase for the current period.
The Share Buyback announcement for 7&iHD and others is on April 9.
The stocks for which a share buyback framework was announced on Wednesday, April 9, are as follows: <3382> 7&i HD 400 million shares (15.4%) 600 billion yen (from April 10, 2025 to February 28, 2026) <5290> Veru Inc 420,000 shares (1.7%) 800 million yen (from April 11, 2025 to July 31, 2025) <7463> Advan 500,000 shares (1.4%) 300 million 72 million yen (April 10, 2025) <3359> cotta 600,000 shares (5.5%) 200 million yen (from April 10, 2025 to April 10, 2025).
Key points of attention in PTS on the 9th = ABC Mart, Progrit, iCube ETC.
▽ ABC Mart <2670.T>, the consolidated results for the fiscal year ending February 2025 show fluctuations in the plan, while an increase in revenue and profit is expected for the fiscal year ending February 2026. ▽ Progrit <9560.T>, the individual results for the second quarter cumulative from September 2024 to February 2025 are showing double-digit increases in revenue and profit. ▽ Grand <9720.T>, the individual results for the first quarter from December 2024 to February 2025 show double-digit increases in revenue and profit. ▽ iCube <4495.T> has upwardly revised its consolidated performance forecast for the fiscal year ending June 2025. ▽ Trefac <3093>
