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Market Chatter: Japan IPO Market Will Stay Subdued as AI Stocks Draw Investors
Stocks hitting upper or lower price limits in the afternoon session.
Stocks hitting the upper limit include: Flyer <3461>, Parma <3634>, Sockets <3796>, Iishigyo <3891>, Nippon高度紙工業 <485A>, Power X <5343>, Nikko <559A>, Umenoyado Sake Brewery, Harmonic Drive Systems <6324>, Sanyo Electric <6516>, Techno Horizon <6629>, Zain Electronics <6769>, Keyence <6861>, Fanuc <6954>, Inbound Tech <7031>.
Aftermarket [stocks that moved / stocks that traded]
*Oval <7727> 728 +53 Upward revision of profit forecast for the fiscal year ending March 2026. *Hulic <3003> 1743.5 -91.5 First-quarter operating income decreased by 2.0%. *Zenrin <9474> 880 -84 Operating income for the fiscal year ending March 2026 decreased by 10.7%, falling short of the previous forecast of a 9.6% increase. *Suzuki <6785> 3045 +333 Upward revision of performance and dividend forecast for the fiscal year ending June 2026. *Godo Steel <5410> 3040 -370 Operating income decreased by 28.6% from the previous term.
Stocks that moved or traded actively in the morning session.
Fanuc (6954) rose by 1000 yen to 7256 yen following the announcement of better-than-expected earnings and a share buyback. Keyence (6861) surged by 10,000 yen to 73,180 yen on favorable reception of strong earnings and progress in capital policy. Harmonic Drive Systems (6324) climbed by 625 yen to 4820 yen after upwardly revising its previous earnings forecast beyond expectations. Giftee (4449) gained 108 yen to reach 1171 yen as it was featured in some YouTube videos. Rigaku (268A) increased by 235 yen to 2669 yen.
Umenoyado Brewery --- Shares surged to the upper limit after opening higher on its first day of listing.
The company made its initial listing on the Standard Market today, opening 50.0% above the offering price of 600 yen at 900 yen, and has since been bought up to the upper limit of the trading range at 1,050 yen. While the presence of venture capital-held shares is a consideration, the effective public offering size is small, creating strong short-term supply-demand appeal. Additionally, factors such as this year's forecast for significant profit growth, an attractive dividend yield, and the appeal of shareholder benefits have contributed to the strong start.
Umenoyado Brewery Co., Ltd. --- Initial trading price was JPY 900 (public offering price JPY 600).
The initial trading price of Umenoyado Brewery <559A> was 900 yen, representing a 50.0% premium over the offering price. The trading volume at the time of the initial price formation was 855,700 shares.