Negative impact on stock prices! “Chinese-related stocks” that have been revised downward one after another - Shiseido, Omron, etc.

A drastic downward correction will cause stock prices to plummet
Omron, which lowered its value by about 16% the day after the announcement of financial results, drastically revised its full-year operating profit forecast downward from 102 billion yen to 45 billion yen resonated. In the second quarter, sales of the control equipment business in China decreased 17.9% compared to the first quarter due to stagnant market conditions, etc. This trend is expected to continue after the 3rd quarter, and downward revisions were made.

Sales for the third quarter (fiscal year ending July-9) of Shiseido were forced to revise its full-year forecast downward due to the fact that the travel retail business, which handles duty-free shops etc. in Hainan Island in China, fell 25% from the same period last year, and the Chinese business fell 9% from the same period last year. Actual operating income for the full year was revised from 60 billion yen to 35 billion yen, leading to a sharp drop in stock prices. The company explains the Chinese business that “compared to the first half, which was strong, this third quarter was affected by deterioration in business confidence and refraining from purchasing Japanese products after the release of ALPS treated water (from the Fukushima Daiichi Nuclear Power Plant) into the ocean.”