Tokyo Market Summary: Nikkei Average rises for the third consecutive day, Fastly reaches all-time high since listing, supporting the market, Seven & I temporarily down by 5%.

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Fast Retailing leads the Nikkei average
Announced strong earnings the previous day $Fast Retailing (9983.JP)$Contributed to the rise in the Nikkei Stock Average by updating the all-time high and pushing up the Nikkei Stock Average by about 170 yen per share.

Kawasaki Heavy Industries rebounds with accelerated buying due to expectations for the defense policy of the Ishiba administration.
$Kawasaki Heavy Industries (7012.JP)$Lannett Co Inc rebounds. It has gained popularity as part of defense-related stocks riding the policy theme of the new Ishiba administration, but the previous day saw significant profit-taking. However, there is a turnaround today with buying back. The company also has a global presence in railroad vehicles, and it has been reported that a ceremony was held on the 9th to commemorate the delivery of 5,000 railroad vehicles to the United States. Among them, the track record of delivering approximately 2,200 vehicles for the transportation authority operating the New York subway has once again attracted attention.

7&iHD---Significant continued decline due to larger-than-expected downward revision in overseas convenience store business.
$Seven & i Holdings (3382.JP)$Veru Inc sees a significant decline. The company announced its first half results the previous day, with operating profit at 187 billion yen, a decrease of 22.4% compared to the same period last year, falling short of the previous estimate of 222 billion yen. Although the consensus is also lower, it had been reported earlier that it fell below 200 billion yen according to observations. On the other hand, the full-year forecast has been revised downward from the previous 545 billion yen to 403 billion yen, a decrease of 24.6% from the previous year. The poor performance of the overseas convenience store business seems to be the main factor. The underperformance itself was within expectations, but the extent of the downward revision is viewed negatively.

Metaplannet increases its holdings of Bitcoin by buying an additional 748 BTC, expanding its holdings to 748 BTC.
$Metaplanet (3350.JP)$Metaplanet announced on October 11 that it purchased an additional 108.999 bitcoins. The total purchase amount was 1 billion yen, with an average purchase price of 9.17 million4396 yen per BTC. This additional purchase increased the company's Bitcoin holdings to 748.502 BTC, reaching a total purchase amount of 6.965 billion yen.

Takeuchi Manufacturing---Significantly rose due to upward revision of earnings forecast and announcement of share buyback.
$Takeuchi Mfg (6432.JP)$Stocks surged significantly. The company announced its first-half financial results the previous day, with operating profit reaching 249 billion yen, a 46.5% increase from the same period last year. The full-year financial estimate has been revised upwards from the previous 385 billion yen to 445 billion yen, a 26.1% increase from the previous year. While sales revenue has been revised downwards due to a slowdown in mini excavator sales, a decrease in ocean freight rates and the weakening yen are boosting earnings. There are mixed evaluations of the financial results, but the company has announced a share buyback of up to 2 million shares, amounting to 7 billion yen, representing 4.2% of the issued shares. This is the first large-scale share buyback, seen as a move to improve capital policy.