Nikkei Average starts falling slightly, Toyota rebounds, additional investment of 2.1 billion dollars in US battery plants, and the total investment amount is 5.9 billion dollars
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Market Overview
The Nikkei Stock Average began at 30886.01 yen, 1.87 yen lower than the previous business day in the Tokyo stock market today, and the TSE stock price index (TOPIX) rose 0.14 points at 2130.77.
Market Overview
The Nikkei Stock Average began at 30886.01 yen, 1.87 yen lower than the previous business day in the Tokyo stock market today, and the TSE stock price index (TOPIX) rose 0.14 points at 2130.77.
Top news
Five Japanese car companies are “late” and US agency evaluations “domestic market is immature”
Five Japanese car companies, such as Toyota Motor Corporation and Honda, were positioned as the least “late” in the evaluation of the electric vehicle (EV) shift of 20 major automobile companies in the world. It was clarified in a report published on the 31st by the US research institute “International Clean Transportation Commission (ICCT)”. Evaluations were low due to the EV market position and strategic vision for decarbonization.
Ordinary profit increased 4.3% January-March corporate enterprise statistics, positive for the first time in 2 periods
According to corporate enterprise statistics for the fiscal year ending January to March announced by the Ministry of Finance on the 1st, ordinary profit for all industries (excluding finance and insurance) was 23.823 billion yen, up 4.3% from the same period last year. It was positive for the first time in 2 periods. The non-manufacturing industry boosted against the backdrop of normalization of economic and social activities from the novel coronavirus disaster.
Mortgage interest rate cut 3 mega in June
Mortgage interest rates for June, which were announced by the 3 megabanks on the 31st, were fixed and all lowered. Sumitomo Mitsui Bank and Mizuho Bank lowered their 10-year fixed base interest rates by 0.05% from the previous month to 3.54% and 3.30%, respectively. Mitsubishi UFJ Bank fell 0.07% to 3.46%. It reflected the decline in long-term interest rates due to a decline in the Bank of Japan's policy revision expectations.
Toyota Motor Corp. repulsion: additional investment of 2.1 billion dollars in US battery plants, total investment to 5.9 billion dollars
$Toyota Motor (7203.JP)$There was a backlash. The company announced on the 1st that it will decide on BEV production plants in the United States and make additional investments in battery plants in order to supply battery EVs (BEVs) in the US market where demand is expanding.
Five Japanese car companies are “late” and US agency evaluations “domestic market is immature”
Five Japanese car companies, such as Toyota Motor Corporation and Honda, were positioned as the least “late” in the evaluation of the electric vehicle (EV) shift of 20 major automobile companies in the world. It was clarified in a report published on the 31st by the US research institute “International Clean Transportation Commission (ICCT)”. Evaluations were low due to the EV market position and strategic vision for decarbonization.
Ordinary profit increased 4.3% January-March corporate enterprise statistics, positive for the first time in 2 periods
According to corporate enterprise statistics for the fiscal year ending January to March announced by the Ministry of Finance on the 1st, ordinary profit for all industries (excluding finance and insurance) was 23.823 billion yen, up 4.3% from the same period last year. It was positive for the first time in 2 periods. The non-manufacturing industry boosted against the backdrop of normalization of economic and social activities from the novel coronavirus disaster.
Mortgage interest rate cut 3 mega in June
Mortgage interest rates for June, which were announced by the 3 megabanks on the 31st, were fixed and all lowered. Sumitomo Mitsui Bank and Mizuho Bank lowered their 10-year fixed base interest rates by 0.05% from the previous month to 3.54% and 3.30%, respectively. Mitsubishi UFJ Bank fell 0.07% to 3.46%. It reflected the decline in long-term interest rates due to a decline in the Bank of Japan's policy revision expectations.
Toyota Motor Corp. repulsion: additional investment of 2.1 billion dollars in US battery plants, total investment to 5.9 billion dollars
$Toyota Motor (7203.JP)$There was a backlash. The company announced on the 1st that it will decide on BEV production plants in the United States and make additional investments in battery plants in order to supply battery EVs (BEVs) in the US market where demand is expanding.
Toyota and 260,000 more customer information have been leaked or misuse damage “has not been confirmed”
$Toyota Motor (7203.JP)$On 5/31, it was announced that customer information for approximately 260,000 people in Japan, whose management had been outsourced to the subsidiary Toyota Connected, was accessible from the outside. Even overseas, customer addresses, names, phone numbers, email addresses, etc. were disclosed to the outside world. It is said that no damage such as misuse by a third party has been confirmed.
$Toyota Motor (7203.JP)$On 5/31, it was announced that customer information for approximately 260,000 people in Japan, whose management had been outsourced to the subsidiary Toyota Connected, was accessible from the outside. Even overseas, customer addresses, names, phone numbers, email addresses, etc. were disclosed to the outside world. It is said that no damage such as misuse by a third party has been confirmed.
Daikin Industries - Rebound for the first time in 8 days, formulates a new mid-term plan, aiming for operating profit of 500 billion yen in fiscal 2025
$Daikin Industries (6367.JP)$rebounded for the first time in 8 days. The company announced on 5/31 that it has formulated the latter half plan (2023-2025) of the strategic management plan “FUSION25” with 2025 as the final year. We aim for 2025 sales of 4,55 trillion yen and operating income of 500 billion yen. Capital investment for the same period is planned to be 800 billion yen.
$Daikin Industries (6367.JP)$rebounded for the first time in 8 days. The company announced on 5/31 that it has formulated the latter half plan (2023-2025) of the strategic management plan “FUSION25” with 2025 as the final year. We aim for 2025 sales of 4,55 trillion yen and operating income of 500 billion yen. Capital investment for the same period is planned to be 800 billion yen.
Daiwa Securities G-3 consecutive declines in M&A related revenue of fiscal year 30 to 70 billion yen, and it is reported that corporate acquisitions are also being considered
$Daiwa Securities Group (8601.JP)$has been falling for 3 days in a row. Reuters reported on 5/31 that the company held a management strategy briefing session on the same day and expressed that it would aim for M&A related earnings in fiscal 2030 of 70 billion yen or more, equivalent to 1.5 times that of fiscal year 22.
$Daiwa Securities Group (8601.JP)$has been falling for 3 days in a row. Reuters reported on 5/31 that the company held a management strategy briefing session on the same day and expressed that it would aim for M&A related earnings in fiscal 2030 of 70 billion yen or more, equivalent to 1.5 times that of fiscal year 22.
Distribution source: Traders Web, Nihon Keizai Shimbun
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