After all, the depreciation of the yen is unstoppable! Major companies, 2 trillion yen automobiles account for 80% of the benefits from the depreciation of the yen
On the 26th, the yen hit a year-to-date low against the dollar, and it is moving in the middle of the 1 dollar = 150 yen range. The depreciation of the yen progressed drastically due to the widening interest rate difference between Japan and the US due to rising US interest rates. Although Japanese stocks fell along with US stocks on the same day, there is a strong view that the depreciation of the yen itself is positive for Japanese stocks as a whole. Used by major domestic companies to forecast earningsThe estimated rate is conservative, and the effect of increasing profit in fiscal 2023 due to the depreciation of the yen extends to a total of 2 trillion yenIt's called.
When the Nihon Keizai Shimbun estimated based on the exchange sensitivity and estimated rates of 7 automobile companies, 7 precision companies, 3 electronics companies, and 3 heavy industry/machinery companies, etc., on the assumption that the current 1 dollar = 150 yen and 1 euro = 160 yen will continue after October, a figure showing that the profit increase due to the depreciation of the yen is 2 trillion yen. Without other variables, the target companies' consolidated operating profit forecast for fiscal year 23 is about 20% higher.Automobiles benefited greatly, and the seven major companies accounted for about 1.6 trillion yen, about 80% of the totalIt's called. The estimated rate for Toyota Motor Corporation is 125 yen, and the total performance gain with the euro amounts to a total of 890 billion yen.
Bloomberg analysts predict that the seven Japanese passenger car manufacturers will see an increase in operating profit over 2 years for the fiscal year ending 2024/3 and the fiscal year ending 25/3, adding to mitigation of production cuts due to parts shortages, etc.Doing it. Company plans are generally conservative, and the consensus expectations of all 7 companies exceed company plans. Also, it was pointed out that although the PBR valuations of the 7 companies have left the low level at the end of March 23, which is the most recent bottom, the market capitalization weighted average PBR of the 7 companies barely exceeds 1 times.
Source: Nihon Keizai Shimbun, Bloomberg, Moomoo
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182688103 : As for the abuk profit obtained from the depreciation of the yen due to exchange rate fluctuations, the government may temporarily pay tax on profit from the depreciation of the yen so that the government lowers the price rise of food products that become expensive due to depreciation of the yen.
loyal Monkey_2175 : Shareholder returns are also necessary, but it's better to return them to employees before that!
消費税廃止 : Abolish consumption tax that prioritizes export companies
美しいヒル_5076 : I saw that when only the numbers ❶ and 0 are attached to the sensitivity level and the number at the back is 0, it probably represents the value of
. So Honda Giken is next to Hitachi. Next, Toyota. I estimated it like that, but how is it?
美しいヒル_5076 : If you say that the yen depreciates and bonds decrease, you can buy things cheaply, and the interest rate added to the debt, that is, interest, will decrease, so I think the debt will become cheaper, and it will be cheaper to return the debt this fiscal year. I'm very honored that my debt is declining. I'm very thankful for that.