Investor focus remains concentrated on large-cap stocks, while interest may broaden to newly listed IPO names.
■ Attention will focus on whether investor interest spreads to IPO stocks. This week, the emerging market may struggle to gain upward momentum. Although the market has corrected down to near its year-to-date lows—potentially attracting bargain hunters—the sustainability of any self-driven rebound will likely be tested. Particular attention will be paid to whether space-related stocks, which have been undergoing adjustments recently, stabilize on the downside, as well as whether strong performance by LiNKX <584A> triggers broader investor interest in newly listed IPO stocks. Last week saw trading activity in SQUEEZE <558A> and Inuneko Seikatsu <556A>, along with December 2023 listings.
SQUEEZE reported sales of JPY 16.80 billion and operating profit of JPY 2.06 billion in Q1, reflecting steady growth and on-track progress against its full-year guidance.
On May 13, SQUEEZE <558A> announced its consolidated financial results for the first quarter of the fiscal year ending December 2026. Net sales amounted to ¥16.80 billion, operating income was ¥2.06 billion, ordinary income was ¥2.32 billion, and net income attributable to owners of parent for the quarter was ¥1.96 billion. The company did not prepare consolidated quarterly financial statements for the prior first quarter, and therefore no comparative analysis with the same period of the previous fiscal year is provided; however, reference figures for the corresponding period of the prior year are included in the earnings presentation materials.
Candidate stocks for emerging market segmentation [Candidate stocks for emerging market segmentation]
Code Stock Name Technology Transfer Institution Terra Drone LAHD MTG Data SEC FFRI Oxide SQUEEZE Bank of Innovation HPC Systems
SQUEEZE [Emerging Markets 5% Rule]
SQUEEZE Co., Ltd. (Stock Code: 558A) reported an increase in its shareholding percentage of Escon Co., Ltd. from -% to 14.77%. The reporting obligation arises on April 22, 2026.
Squeeze: FY2026 Q1 Earnings Presentation Materials
Squeeze: First Quarter Earnings Briefing for the Fiscal Year Ending December 2026 [Japanese GAAP] (Consolidated)
Inpex, Matsumotokiyoshi, Takeda Pharmaceutical, and Nippon Steel (13th) (131A-5997).
※The above calendar is a tentative schedule and is subject to change based on the company's discretion. --------------------------------------- May 13 (Wed) <131A> CCN Group <143A> Ishin <1515> Nippon Steel Mining <1518> Mitsui Matsushima HD <1605> INPEX <1662> Petroleum Resources <1663> K&O Energy <1726>
Batonz, SQUEEZE [Emerging Markets 5% Rule]
Batonz Co., Ltd. increased its shareholding percentage in Japan M&A Center Holdings from -% to 27.04%, with the reporting obligation effective on April 21, 2026. Additionally, SQUEEZE Co., Ltd. raised its shareholding percentage in Escon from -% to 14.77%, with the reporting obligation effective on April 22, 2026.
SQUEEZE---The initial share price was ¥3,250 (offering price ¥3,110).
The initial price of SQUEEZE <558A> was 3,250 yen, 4.5% higher than the offering price, with a trading volume of 212,000 shares at the time of the initial price formation.
SQUEEZE---Stock is in high demand for purchase, newly listed today on the Tokyo Stock Exchange Growth Market.
Today, SQUEEZE <558A> was listed on the Tokyo Stock Exchange Growth Market. Currently, there are buy orders for approximately 290,000 shares and sell orders for about 150,000 shares at the offering price of 3,110 yen, resulting in a net difference of approximately 140,000 shares.
Squeeze: Interim Report
SQUEEZE—Initial Price Forecast Consensus
Today, SQUEEZE <558A>, a company engaged in hotel operations, system development and provision, planning and development of accommodation facilities, and comprehensive DX consulting, is listed on the Tokyo Stock Exchange Growth Market. The market consensus for the initial share price is around 5,200 yen, compared to the offering price of 3,110 yen.
Trade balance, UK consumer price index, and the Central Bank of Turkey's policy interest rate announcement, among others (22nd).
Note: Figures represent market consensus and previous values. -------------------------------------------------------------------- On Wednesday, April 22, domestic reports at 08:50 will cover the trade balance for March (1.0676 trillion yen vs. 57.3 billion yen), exports for March (11.1% vs. 4.0%), and imports for March (7.0% vs. 10.3%). SQUEEZE will make its initial public offering on the Tokyo Stock Exchange Growth Market (public offering price: 3,110 yen). Overseas reports will follow at 15:00.
The market remains range-bound as hopes for easing tensions in the Middle East are offset by lingering uncertainty about the outlook.
■ The situation in the Middle East remains fluid. Emerging markets this week (April 20–24) are likely to trade sideways. Following Iran's declaration of the full reopening of the Strait of Hormuz during the ceasefire period, crude oil prices plummeted late last week, raising expectations for the end of the conflict. However, Iran has since reimposed a blockade on the Strait of Hormuz, increasing uncertainty once again. While hopes for renewed U.S.-Iran negotiations may provide some support, caution against overly optimistic views is expected to limit upward momentum. ■ Continued strength in U.S. tech stocks carries over.
Will funds likely find it difficult to flow into emerging markets?
This week, the emerging market is expected to remain under pressure with limited upward movement as past levels of consolidation weigh on recovery attempts, making it susceptible to profit-taking. Amid continued attention on the Middle East situation, interest in semiconductor-related stocks is likely to rise in the main markets, particularly with ASML’s earnings announcement scheduled for the 15th and TSMC’s on the 16th. This scenario suggests that funds may not easily flow into emerging markets. While the market has been moving within a range recently and the downside has been gradually rising, past levels of consolidation are capping upside potential.