The Nikkei average started 359 yen higher, with Sompo Japan considering reducing its policy shareholding to zero, and Tokio Marine also considering it.

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Sompo Japan considering reducing its policy shareholding to zero, and Tokio Marine also considering it.
$Sompo Holdings (8630.JP)$(HD) announced on the 15th that its subsidiary, Sompo Japan, will eliminate approximately 1.3 trillion yen worth of policy-holding stocks. Tokyo Marine & Nichido Fire Insurance also suggests the possibility of reducing to zero, clarifying the change in the attitude of major non-life insurers.

Listed companies have achieved record-high profits for three consecutive periods, exceeding 3 trillion yen for the fiscal year ending in March 2024.
It is expected that the net profit of listed companies for the fiscal year ending in March 2024 will reach a record high for the third consecutive period. It is projected to increase by 13% compared to the previous period, reaching 43.5 trillion yen, exceeding the initial forecast from May last year by 3.5 trillion yen.
Related article:The Nikkei Average is 0.03 million 8000 yen, acknowledging the strength of earning power overseas, as well as the 'divergence' with GDP.、Japanese stocks, which are close to all-time highs, hold the key to continued gains and are influenced by the economic situation between the United States and China.、Toyota's market capitalization is rising to second place in Asia, surpassing Samsung for the first time in seven and a half years.

The yen has risen to the upper 149-yen range against the dollar, with the trend of a strong dollar easing due to weak U.S. indicators.
The yen exchange rate in the Tokyo foreign exchange market on the morning of the 16th is moving upward from the evening of the 15th to the upper 149 yen range per dollar. This is in response to the decrease in long-term U.S. interest rates following the announcement of lower-than-expected U.S. retail sales on the 15th, which led to a sell-off of the dollar. In Tokyo time, the weight of the dollar is likely to support the yen, following the trend in overseas time.

It has been revealed that clothing items from Adastria will be supplied to clothing items that Itokyo Yodobashi, a subsidiary of GMS, has withdrawn from its own planning and development.
$Seven & i Holdings (3382.JP)$It has been revealed that clothing items from Adastria, the third largest apparel company in Japan, will be supplied. $Adastria (2685.JP)$It was discovered that the supply is from here.

Orix has acquired a mid-sized marine shipping company, with a business succession deal worth 300 billion yen, the largest in its history.
$ORIX (8591.JP)$On the 15th, Orix announced that it will acquire the mid-sized marine shipping company, Mitoku Shipbuilding (Osaka). The acquisition price is estimated to be approximately 300 billion yen, including debt.

What will Pasona Group do with the 120 billion yen? Will it be a big return or growth?
$Pasona Group (2168.JP)$It has been sold to a subsidiary, a major welfare benefits outsourcing company. $Benefit One (2412.JP)$To $Dai-ichi Life Holdings (8750.JP)$It is expected that the company will let go of the diligent workers who have earned a large portion of the operating profit, and the immediate profit margin is expected to decline.

The Tokyo Stock Exchange REIT Index hit a three-year low, with concerns about the Bank of Japan's interest rate hike.
The Tokyo Stock Exchange REIT Index, which represents the overall movement of real estate investment trusts (REITs) invested in offices and housing, hit a three-year low of 1,727.20, down 0.9% from the previous day, on the 15th, the lowest level since December 23, 2020. Selling pressure is strong among overseas investors due to persistent concerns about interest rate hikes associated with the Bank of Japan's normalization of monetary policy.