Tokyo Market Summary: Does the depreciation of the Nikkei average of 831 yen and the spread of performance concerns in Japan and the US match Kanda Treasurer's “speculative” judgment due to the depreciation of the yen up to 157 yen 60 yen
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●The Nikkei Average ended at 37628.48 yen, which was 831.60 yen lower than the previous business day
● Performance concerns spreading in Japan and the US are symbolized by the decline in FANUC and US Meta
● Focus on corporate financial results, which hold the key to the ups and downs of Japanese stocks, and absorption of the adverse effects of wage increases and yen depreciation
● The unstoppable depreciation of the yen rose to the 155.60 yen level before the Bank of Japan meeting
● Toyota's FY23 global sales, record high of 10.3 million units, fell short of the plan
● Daiichi Sankyo acquired its own shares to the upper limit of 200 billion yen, and all shares were written off - stock prices rose 5% at one point
● Renesas stood out, and the 37% decline in sales profit for the January-March fiscal year greatly exceeded consensus
● Attention to the handle: $Toyota Motor (7203.JP)$、 $Inpex (1605.JP)$、 $Daiichi Sankyo (4568.JP)$、 $Renesas Electronics (6723.JP)$、 $Tokyo Gas (9531.JP)$
ー MooMoo News Japanese stock Sherry
●The Nikkei Average ended at 37628.48 yen, which was 831.60 yen lower than the previous business day
● Performance concerns spreading in Japan and the US are symbolized by the decline in FANUC and US Meta
● Focus on corporate financial results, which hold the key to the ups and downs of Japanese stocks, and absorption of the adverse effects of wage increases and yen depreciation
● The unstoppable depreciation of the yen rose to the 155.60 yen level before the Bank of Japan meeting
● Toyota's FY23 global sales, record high of 10.3 million units, fell short of the plan
● Daiichi Sankyo acquired its own shares to the upper limit of 200 billion yen, and all shares were written off - stock prices rose 5% at one point
● Renesas stood out, and the 37% decline in sales profit for the January-March fiscal year greatly exceeded consensus
● Attention to the handle: $Toyota Motor (7203.JP)$、 $Inpex (1605.JP)$、 $Daiichi Sankyo (4568.JP)$、 $Renesas Electronics (6723.JP)$、 $Tokyo Gas (9531.JP)$
ー MooMoo News Japanese stock Sherry
Market Overview
Today's Nikkei Stock Average ended at 37628.48 yen, 831.60 yen lower than the previous business day, and the Tokyo Stock Price Index (TOPIX) fell 47.20 points to 2663.53 in the Tokyo Stock Exchange.
Today's Nikkei Stock Average ended at 37628.48 yen, 831.60 yen lower than the previous business day, and the Tokyo Stock Price Index (TOPIX) fell 47.20 points to 2663.53 in the Tokyo Stock Exchange.
Top news
The spread of performance concerns in Japan and the US is symbolized by the decline in FANUC and US Meta
The Nikkei Average fell. Since it had risen rapidly to 907 yen the day before, it is the performance concerns of major companies that are spreading day by day as sales awaiting return or profit determination become dominant. The financial results of Japanese and American companies that have been announced recently stand out, and are they consistent with the high growth expectations that have been factored into the historic stock price phase up until now? Such anxiety is beginning to melt away in the market.
RELATED ARTICLES
Focus on corporate financial results, which hold the key to the ups and downs of Japanese stocks, and absorption of the adverse effects of wage increases and depreciation of the yen
The spread of performance concerns in Japan and the US is symbolized by the decline in FANUC and US Meta
The Nikkei Average fell. Since it had risen rapidly to 907 yen the day before, it is the performance concerns of major companies that are spreading day by day as sales awaiting return or profit determination become dominant. The financial results of Japanese and American companies that have been announced recently stand out, and are they consistent with the high growth expectations that have been factored into the historic stock price phase up until now? Such anxiety is beginning to melt away in the market.
RELATED ARTICLES
Focus on corporate financial results, which hold the key to the ups and downs of Japanese stocks, and absorption of the adverse effects of wage increases and depreciation of the yen
The yen exchange rate, which is one step closer to the intervention point, will return in September 2022 at the Ueda presidential conference
Yen traders are bracing for the return of September 22, 2022. The yen plummeted in response to the Bank of Japan's decision, which reaffirmed its accommodative monetary policy, and it was the day the Ministry of Finance intervened to buy yen. Based on Treasurer Kanda Masato's past statements, 1 dollar = 157 yen 60 yen is one of the important levels worth paying attention to. The depreciation of the yen is already far more advanced than it was in '22, and while there is no sign that interest rates in the US will drop soon, Bank of Japan Governor Ueda Kazuo simply did not make hawkish statements at the press conference after the monetary policy meeting on the 26th, and the yen may head towards that inflection point.
RELATED ARTICLES
“The speed of exchange rate changes is important for authorities to intervene” JP Morgan Tanase
The unstoppable depreciation of the yen rose to the 155.60 yen level before the Bank of Japan meeting, and the pound yen broke through the 194 yen level!
Yen traders are bracing for the return of September 22, 2022. The yen plummeted in response to the Bank of Japan's decision, which reaffirmed its accommodative monetary policy, and it was the day the Ministry of Finance intervened to buy yen. Based on Treasurer Kanda Masato's past statements, 1 dollar = 157 yen 60 yen is one of the important levels worth paying attention to. The depreciation of the yen is already far more advanced than it was in '22, and while there is no sign that interest rates in the US will drop soon, Bank of Japan Governor Ueda Kazuo simply did not make hawkish statements at the press conference after the monetary policy meeting on the 26th, and the yen may head towards that inflection point.
RELATED ARTICLES
“The speed of exchange rate changes is important for authorities to intervene” JP Morgan Tanase
The unstoppable depreciation of the yen rose to the 155.60 yen level before the Bank of Japan meeting, and the pound yen broke through the 194 yen level!
Toyota's FY23 global sales record high of 10.3 million units fell short of its plan
$Toyota Motor (7203.JP)$On the 25th, sales, production, and export results (including Lexus) for 2023 were announced. Global sales increased 7% from the previous fiscal year to 10.3 million 9457 units, and global production increased 9% to 9.97 million 1,739 units, both of which were record highs. Although mitigation of the novel coronavirus and semiconductor shortages contributed, both sales and production did not reach the fiscal year plan due to certification fraud etc. from Daihatsu Motor.
$Toyota Motor (7203.JP)$On the 25th, sales, production, and export results (including Lexus) for 2023 were announced. Global sales increased 7% from the previous fiscal year to 10.3 million 9457 units, and global production increased 9% to 9.97 million 1,739 units, both of which were record highs. Although mitigation of the novel coronavirus and semiconductor shortages contributed, both sales and production did not reach the fiscal year plan due to certification fraud etc. from Daihatsu Motor.
Toyota partners with China's Tencent AI and big data for EVs
$Toyota Motor (7203.JP)$It was announced on the 25th that it will form a strategic alliance with Tencent Holdings (Tencent), a major Chinese internet company. It is an electric vehicle (EV) sold by Toyota in China, and Tencent will cooperate in 3 fields such as artificial intelligence (AI), cloud, and big data. EVs are rapidly spreading in China, and Toyota's sales in China are struggling due to the Chinese offensive. We will increase the development speed by cooperating with Chinese companies on in-vehicle software, which is the cornerstone of next-generation cars.
$Toyota Motor (7203.JP)$It was announced on the 25th that it will form a strategic alliance with Tencent Holdings (Tencent), a major Chinese internet company. It is an electric vehicle (EV) sold by Toyota in China, and Tencent will cooperate in 3 fields such as artificial intelligence (AI), cloud, and big data. EVs are rapidly spreading in China, and Toyota's sales in China are struggling due to the Chinese offensive. We will increase the development speed by cooperating with Chinese companies on in-vehicle software, which is the cornerstone of next-generation cars.
Featured stocks
WTI prices fell due to receding vigilance against the situation in the Middle East, where INPEX and petroleum resources are cheap ◇
$Inpex (1605.JP)$Ya $Japan Petroleum Exploration (1662.JP)$is cheap. The US crude oil futures exchange rate on the 24th fell to 82.81 dollars per barrel, 0.55 dollars lower than the previous day for the June term of the WTI. As the sense of caution against the tense situation in the Middle East receded, crude oil prices showed soft movements. However, since crude oil inventories announced by the US Energy Information Administration on the 24th declined, supply-demand tightening was recognized, and lower crude oil prices were supported.
WTI prices fell due to receding vigilance against the situation in the Middle East, where INPEX and petroleum resources are cheap ◇
$Inpex (1605.JP)$Ya $Japan Petroleum Exploration (1662.JP)$is cheap. The US crude oil futures exchange rate on the 24th fell to 82.81 dollars per barrel, 0.55 dollars lower than the previous day for the June term of the WTI. As the sense of caution against the tense situation in the Middle East receded, crude oil prices showed soft movements. However, since crude oil inventories announced by the US Energy Information Administration on the 24th declined, supply-demand tightening was recognized, and lower crude oil prices were supported.
Financing-related
Daiichi Sankyo acquired its own shares to the upper limit of 200 billion yen, and all shares were written off - stock prices rose 5% at one point
Daiichi Sankyo to reduce profit by 5% at the end of the fiscal year and increase dividends by 10 yen
Renesas stood out, and the 37% decline in sales profit for the January-March fiscal year greatly exceeded consensus
Renesas maintains 30% profit margin even when market resistance declines under headwinds
East Gas depreciates sharply by 9%, leading to a decrease in sales and profit for the current fiscal year due to a decline in unit prices and electricity sales
[Financial Report] Shin-Etsu, consolidated sales for the fiscal year ending March 24 fell 14% from the previous fiscal year to 2,414.9 billion yen, and net profit fell 26.6% to 5201 billion yen
Daiichi Sankyo acquired its own shares to the upper limit of 200 billion yen, and all shares were written off - stock prices rose 5% at one point
Daiichi Sankyo to reduce profit by 5% at the end of the fiscal year and increase dividends by 10 yen
Renesas stood out, and the 37% decline in sales profit for the January-March fiscal year greatly exceeded consensus
Renesas maintains 30% profit margin even when market resistance declines under headwinds
East Gas depreciates sharply by 9%, leading to a decrease in sales and profit for the current fiscal year due to a decline in unit prices and electricity sales
[Financial Report] Shin-Etsu, consolidated sales for the fiscal year ending March 24 fell 14% from the previous fiscal year to 2,414.9 billion yen, and net profit fell 26.6% to 5201 billion yen
Eisai temporarily has strong sales of the 4% high dementia drug “lecanemab”
$Eisai (4523.JP)$has rebounded for the first time in 3 days. At one point, 6333 yen was added, which is 244 yen (4.00%) higher than the previous day. rice $Biogen (BIIB.US)$In the financial results for the fiscal year ending 2024/1-3 announced on the 24th, it became clear that sales of the Alzheimer's disease treatment drug “recanembu (product name Recanembi)” jointly developed with Eisai have increased drastically. Biogen attracted purchases on the US stock market the day before, and Eisai also has an advantage in purchases that are expected to contribute to future earnings.
$Eisai (4523.JP)$has rebounded for the first time in 3 days. At one point, 6333 yen was added, which is 244 yen (4.00%) higher than the previous day. rice $Biogen (BIIB.US)$In the financial results for the fiscal year ending 2024/1-3 announced on the 24th, it became clear that sales of the Alzheimer's disease treatment drug “recanembu (product name Recanembi)” jointly developed with Eisai have increased drastically. Biogen attracted purchases on the US stock market the day before, and Eisai also has an advantage in purchases that are expected to contribute to future earnings.
Distribution source: MINKABU, Nihon Keizai Shimbun, Bloomberg
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よろぴこ : US inflation, geopolitical risks, accelerated depreciation of the yen, financial results parade... sweat If there are so many things, technical analysis will not work. Every time an announcement is made, it fluctuates. Insensitivity is also necessary.