Nikkei starts with a 69 yen decline, with the highest ever 25 trillion yen in shareholder returns by companies, driven by business expansion and PBR reform.
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Market Overview
On the Tokyo stock market today, the Nikkei Stock Average started at 40,345.04 yen, down 69.08 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) started at 2,772.69, down 4.95 points.
Market Overview
On the Tokyo stock market today, the Nikkei Stock Average started at 40,345.04 yen, down 69.08 yen from the previous trading day, while the Tokyo Stock Price Index (TOPIX) started at 2,772.69, down 4.95 points.
Top News
Shareholder returns for companies expected to reach a record high of 25 trillion yen due to business expansion and PBR reforms.
The total amount of shareholder returns combining dividends and share buybacks for listed companies for the fiscal year ending March 2024 is expected to reach approximately 25 trillion yen, marking the second consecutive year of reaching a record high. Companies actively return to shareholders in response to business expansion. This is also against the backdrop of improvements in the capital efficiency at the Tokyo Stock Exchange. It will benefit individuals through initiatives like the new small-sum investment non-taxable system (NISA).
Mitsubishi UFJ Trust and Banking Corporation is planning to increase its staff by 30% to support companies in dealing with assertive shareholder actions.
As the acquisition of shares of Japanese companies by activists (vocal shareholders) increases, trust banks are increasing the number of personnel to support companies through dialogue with shareholders. Mitsubishi UFJ Trust Bank plans to increase its workforce by about 30% to around 200 by the end of March 2027, while Mizuho Trust Bank has increased its staff by 50% this fiscal year.
BlackRock expands overweight on Japanese stocks, while lowering the weight on Japanese government bonds.
On the 25th, the U.S. asset management giant BlackRock revealed that it has increased the overweight on Japanese stocks. They indicated a positive outlook due to mild inflation, strong performance, and beneficial reforms for shareholders. Conversely, they expanded the underweight position on Japanese government bonds.
NTT - Stalemate. Begins commercial use of its own large-scale language model, a world-class Japanese language processing system.
$Nippon Telegraph & Telephone (9432.JP)$Stalemate for the company. On the 25th, the company announced the start of commercial use of its proprietary large-scale language model called 'tsuzumi'.
Shareholder returns for companies expected to reach a record high of 25 trillion yen due to business expansion and PBR reforms.
The total amount of shareholder returns combining dividends and share buybacks for listed companies for the fiscal year ending March 2024 is expected to reach approximately 25 trillion yen, marking the second consecutive year of reaching a record high. Companies actively return to shareholders in response to business expansion. This is also against the backdrop of improvements in the capital efficiency at the Tokyo Stock Exchange. It will benefit individuals through initiatives like the new small-sum investment non-taxable system (NISA).
Mitsubishi UFJ Trust and Banking Corporation is planning to increase its staff by 30% to support companies in dealing with assertive shareholder actions.
As the acquisition of shares of Japanese companies by activists (vocal shareholders) increases, trust banks are increasing the number of personnel to support companies through dialogue with shareholders. Mitsubishi UFJ Trust Bank plans to increase its workforce by about 30% to around 200 by the end of March 2027, while Mizuho Trust Bank has increased its staff by 50% this fiscal year.
BlackRock expands overweight on Japanese stocks, while lowering the weight on Japanese government bonds.
On the 25th, the U.S. asset management giant BlackRock revealed that it has increased the overweight on Japanese stocks. They indicated a positive outlook due to mild inflation, strong performance, and beneficial reforms for shareholders. Conversely, they expanded the underweight position on Japanese government bonds.
NTT - Stalemate. Begins commercial use of its own large-scale language model, a world-class Japanese language processing system.
$Nippon Telegraph & Telephone (9432.JP)$Stalemate for the company. On the 25th, the company announced the start of commercial use of its proprietary large-scale language model called 'tsuzumi'.
Nissan Motor Co - Significantly drops. Announces new midterm plan to increase sales by 1 million units by fiscal 2026 and reduce EV costs by 30%.
Drops significantly for the company. On the 25th, the company announced a medium-term management plan targeting the 25.3 to 27.3 period (fiscal 2024 to 2026).
Drops significantly for the company. On the 25th, the company announced a medium-term management plan targeting the 25.3 to 27.3 period (fiscal 2024 to 2026).
SoftBank - Resists. Cancels 44.85 million shares of its own stock, representing 0.93%.
$SoftBank (9434.JP)$Rallies. The company announced on the 25th that it will cancel 44.85 million of its own shares. The scheduled cancellation date is March 29. The ratio to the total number of issued shares before cancellation will be 0.93%.
$SoftBank (9434.JP)$Rallies. The company announced on the 25th that it will cancel 44.85 million of its own shares. The scheduled cancellation date is March 29. The ratio to the total number of issued shares before cancellation will be 0.93%.
Source: Bloomberg, Nikkei, Traders Web, Reuters
- moomoo News Japan Stocks Evelyn
- moomoo News Japan Stocks Evelyn
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