In today’s briefing:
- Corporate Act Amendment Takes Unexpected Turn: Watch for Holdco Momentum Plays Post-June Election
- Quiddity Leaderboard NIFTY Sep25: US$1bn+ Total One-Way Flows; ADDs Strongly Outperforming DELs
- MSC Industrial Direct Battles Tariffs with Bold Pricing Moves—Will It Pay Off?
- Nakamoto Packs (7811 JP): Full-year FY02/25 flash update
- Aeon Delight (9787 JP): Full-year FY02/25 flash update
- Nextracker – Looking To Revolutionize Solar Tech With Breakthrough Products…
Corporate Act Amendment Takes Unexpected Turn: Watch for Holdco Momentum Plays Post-June Election
- The word on the street is the Dems are banking on their candidate winning in June, then clearing the veto and pushing the Corporate Act amendment through immediately.
- What seemed like a dead issue for the Corporate Act amendment has turned into a surprise, shifting market momentum and potentially impacting the Korean stock scene.
- It could shift the Korean market’s focus to long-term governance improvements, targeting major holdcos like CJ, Hanwha, GS, Doosan, Mobis, SK, and Samsung C&T, with June’s election key.
Quiddity Leaderboard NIFTY Sep25: US$1bn+ Total One-Way Flows; ADDs Strongly Outperforming DELs
- NIFTY 50 represents the 50 largest stocks listed in the National Stock Exchange (NSE) of India and the NIFTY Next 50 index tracks the next 50 largest names.
- In this insight, we take a look at the names leading the race to become ADDs/DELs for these indices in the September 2025 index rebal event.
- We see two changes for NIFTY 50 and five changes for NIFTY 100.
MSC Industrial Direct Battles Tariffs with Bold Pricing Moves—Will It Pay Off?
- MSC Industrial Supply reported a mixed set of results for its fiscal second quarter of 2025.
- The company faced challenges in the current quarter, underscored by a decline in average daily sales by 4.7% year-over-year, indicating a soft demand environment.
- This decline, however, showed slight improvements towards the end of the quarter, with January and February outperforming historical trends.
Nakamoto Packs (7811 JP): Full-year FY02/25 flash update
- FY02/25 results: Revenue JPY49.1bn (+10.8% YoY), operating profit JPY2.9bn (+58.2% YoY), net income JPY2.0bn (+90.1% YoY).
- FY02/26 forecast: Revenue JPY52.0bn (+5.8% YoY), operating profit JPY3.0bn (+5.4% YoY), net income JPY2.0bn (flat YoY).
- Dividend projections: FY02/25 JPY66.0 per share, FY02/26 JPY68.0 per share, payout ratio 30.2% (FY02/25: 29.3%).
Aeon Delight (9787 JP): Full-year FY02/25 flash update
- Sales reached JPY337.9bn (+4.0% YoY), with operating profit at JPY16.4bn (+7.8% YoY), and net income JPY11.5bn (+7.6% YoY).
- Sales and operating profit increased YoY across all segments except Vending Machine Services, with record highs in operating and recurring profit.
- The company announced a tender offer by Aeon Co., Ltd., leading to expected delisting and no FY02/26 forecast.
Nextracker – Looking To Revolutionize Solar Tech With Breakthrough Products…
- Nextracker’s third quarter fiscal year 2025 results highlight a blend of robust performance and strategic challenges.
- The company achieved a 15% year-over-year revenue growth, reaching approximately $2 billion year-to-date, with third-quarter revenue standing at $679 million.
- This growth is driven by strong execution across its global operations, robust demand for its solar tracker technologies, and consistent market expansion.
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