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Tokyo Market Summary: Nikkei sharply falls, "rate hike shock" delayed by half a day. Expectations for improved performance due to yen appreciation are waning, according to Mr. Namioka.

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moomooニュース日本株 wrote a column · Aug 1, 2024 14:10
Tokyo Market Summary: Nikkei sharply falls, "rate hike shock" delayed by half a day. Expectations for improved performance due to yen appreciation are waning, a...
Hello to all moomoo users!Good job at the close of the market. Here is today's summary of the stock market:Thank you in advance.
● The Nikkei average closed at 38,126.33 yen, down 975.49 yen from the previous trading day.
● Nikkei sharply falls, delayed by half a day due to the "rate hike shock." Export companies are facing concerns of underperforming due to the accelerated yen appreciation.
Real estate stocks plummeted due to the Bank of Japan Governor's hawkish stance, raising concerns about the impact on performance.
The tide has turned to selling yen and buying dollars, as the Bank of Japan and the Federal Reserve Bank shift their policy directions.
The yen's strong performance continues, with the next target for traders being 140 yen to the dollar.
Advantest's stock price temporarily rose by 14.8%, with operating profit for the current fiscal year exceeding expectations.
Toyota's stock price fell further in the afternoon session, despite a 17% increase in operating profit for the first quarter, due to concerns about a stronger yen.
Hot stocks: $Mitsubishi Estate (8802.JP)$ $Mitsui Fudosan (8801.JP)$ $Sekisui House (1928.JP)$ $Advantest (6857.JP)$ $Toyota Motor (7203.JP)$ $Mitsubishi (8058.JP)$ $Hitachi (6501.JP)$ $Marubeni (8002.JP)$etc
- Moomoo News Japan Stock Sherry
Market Overview
Real estate stocks plunge as Bank of Japan Governor's hawkish stance raises concerns about its impact on performance.
関連記事 $Mitsui Fudosan (8801.JP)$Market perspectives on the yen at the 148 yen level: "Speeding Violation", "Year-End Rally" $Mitsubishi Estate (8802.JP)$The yen's "rapid surge" and the next target for traders is the exchange rate of 1 dollar = 140 yen $Sumitomo Realty & Development (8830.JP)$注目銘柄 $Sekisui House (1928.JP)$Advantest's stock price temporarily rose 14.8%, and its operating profit for the current fiscal year is expected to exceed expectations. The company announced that its consolidated operating profit for the fiscal year ending in March 2025 is expected to be 138 billion yen, an increase of 69% compared to the previous year, which was raised by 48 billion yen from the previous forecast. It significantly surpasses the market consensus of 107.5 billion yen and has received favorable buying. $Sumitomo Forestry (1911.JP)$It is moving in the opposite direction. It temporarily rose to a high of 6,922 yen, an increase of 14.81%. On July 31, the company announced that its consolidated operating profit for the current fiscal year ending in March 2025 is expected to be 138 billion yen, an increase of 69% compared to the previous year, which was raised by 48 billion yen from the previous forecast. It significantly surpasses the market consensus of 107.5 billion yen and has received favorable buying.
Toyota's decline widened in the afternoon, but its operating profit in the first quarter increased by 17%, despite concerns about a stronger yen.
The stock price fell in the afternoon session, and the stock price temporarily dropped by more than 8% from the previous day. The company announced its earnings. For the first quarter of the fiscal year ending March 2025, consolidated sales revenue, which corresponds to revenue, increased by 12.2% YoY to 11,837,879 million yen, and operating profit increased by 16.7% to 1,308,462 million yen. Market expectations were for operating profit to be around 1,380,000 million yen. The rapid appreciation of the yen at the moment is causing concerns, and the stock price has extended its decline after this earnings announcement.
Related articles
Update - [Earnings Flash] Toyota's revenue increased by 12.2% YoY to 11.84 trillion yen, and EPS was 98.99 yen.
Mitsubishi Shoji's final results for the April-June quarter (1Q) showed a 12% increase in profit.
Hot stocks
Marubeni's net profit increased by 1%, thanks to the increase in purchases of Mizuho Leasing shares from April to June.
$Advantest (6857.JP)$Hitachi Ltd's stock price briefly rose by 7.9% after the April-June earnings announcement, with net profits more than doubling.
Source: Bloomberg, The Nikkei, MINKABU
$Toyota Motor (7203.JP)$In the afternoon, the market widened its losses. The stock price temporarily fell by over 8% from the previous day. The company announced its earnings reports. For the first quarter of the fiscal year ending March 2025, the consolidated performance showed that revenue, equivalent to operating income, increased by 12.2% year-on-year to 11,837.79 billion yen, and operating profit increased by 16.7% to 1,308.62 billion yen. Market financial estimates had expected operating profit to be around 1.38 trillion yen. The sharp appreciation of the yen at present is causing concern, and following this earnings announcement, the stock price has further extended its decline.
Related articles
Update - [Earnings Flash] Toyota, revenue increased by 12.2% year-on-year to 11.84 trillion yen, EPS is 98.99 yen
Mitsubishi Corporation's final profit for the first quarter (April-June) increased by 12% and landed.
Panasonic Corporation fell by over 7%, first-quarter operating profit decreased by 7.3%
Marubeni's net profit increased by 1% in June, Mizuho Leasing's shares were purchased in June
Hitachi Ltd Sponsored ADR's stock price temporarily rose by 7.9%, favorable sentiment due to the April-June earnings, with net profit doubling
Source: Bloomberg, The Nikkei, MINKABU
Tokyo Market Summary: Nikkei sharply falls, "rate hike shock" delayed by half a day. Expectations for improved performance due to yen appreciation are waning, a...
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  • 182791546 : Kishida, I really forgive

  • コージーマイケル : The Bank of Japan is unreliable

  • 大負けネコ(Hihi Exe) : The current administration, the prime minister, the minister in charge of digital affairs, the ruling party secretary general, and all the other cabinet ministers and executives all have “no (internal) cabinet” with “no insight, no vision, no awareness of inaction & incompetence” about “international economic policy.” In the first place, the idea of “wage increase” ⇒ “domestic consumption revitalization” is poor ❗️ There is no reason for us, who have endured not being able to make sufficient funds due to “no wage increases,” “high prices,” and “low interest rates” for the past few years, to “waste” funds about a “slight wage increase.” It is better to change jobs due to “investment” or “self-improvement for the purpose of acquiring qualifications.” At least it's not a “bank deposit that won't increase.” The “influence of speculators” on the depreciation of the yen and the appreciation of the dollar is probably large, but why is the public burdened with the cost of “economic measures” that only scattered policies and bombarded the “financial literacy” of citizens with “savings deposits/interest rates 0.00002%” or “better deposits than inside a chest of drawers” under “low interest rates in a different dimension”? “Lower the domestic self-sufficiency rate for food, fuel, and resources” = “dependence on foreign imports” led to “high domestic prices” when the yen depreciated and the dollar depreciated, right? Since the “start of the old NISA system,” investment funds “mutual fund purchases including American stocks, foreign stocks, bonds, etc.” have increased dramatically. In short, citizens with investment funds “purchased dollar-based investment products,” which indirectly “promoted the appreciation of the dollar due to dollar purchases.” Also, the “depreciation of the yen and appreciation of the dollar” supports the “export economy powerhouse = Japanese economy” and makes “investment in Japanese stocks by overseas investors” attractive. With such a rapid “conversion of yen appreciation to dollar depreciation,” profits from “export benefits” of major companies will decrease, our “dollar-based asset value” will decrease, “continuous interest rate increases in long-term interest rates” will increase “interest-bearing debt of small and medium-sized enterprises with poor financial power,” and increase future instability factors in “real estate where long-term interest rate increases are a burden.” The number of corporate bankruptcies last year was at a high level, right? If you are happy with the “appreciation of the yen and the depreciation of the dollar” due to immediate greed, imagine the deterioration in profits of “export benefit companies” starting with Toyota. It's not long before companies that have passed on prices many times will reflect “benefits from wage increases” and “price declines in imported resources, food products, etc. due to the appreciation of yen and depreciation of the dollar.” By that time, “inbound demand due to depreciation of the yen and appreciation of the dollar = the richest American traveling to Japan” had drastically decreased, right? Did the leading actor “An Effective Masked Exchange Intervention” on 7/12 last month, retire at the end of July and get the Ron Merit Award? Rumor has it that he became the “prime minister's economic adviser.” And today's “Japanese market crashed again.” Exactly where and who wants a “decline in the value of assets that have been built up desperately”? Due to this “appreciation of the yen and depreciation of the dollar”, “will the (cabinet) approval rating without citizens rise?” There's no reason to do it ❗️ “invest from savings” in this kind of situation ❗ “new NISA investment beginners” are all “unrealized losses.” I have over 20 years of investment experience, so I was able to “reduce losses through diversified investment,” but it's a man-made disaster that cannot be handled by investment beginners. The prime minister had a long experience as a foreign minister, so I thought “he has an international sense,” but he has degenerated into a person with no popularity, centripetal power, or policies. Is the Prime Minister to break down next? Toshi is starting to lean to the right, and the former Minister of Economy, Trade, and Industry West has a higher “crisis response ability”, isn't it? “The beginning of a dry summer market” where there is nothing but anxiety. I can't read a lot of things ahead, so I wonder if I have no choice but to leave it alone?

  • 靴磨き : Where was the mood yesterday 😭

    Everyone, everyone, everyone gathered!

  • 人類 : There hasn't been a single good plan in recent years. Is it a lack of ability? Is it a sense of security to be able to eat with a lifelong citizen's tax?

  • chocoH 靴磨き : [undefined]

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