Tokyo market summary: Nikkei average rises 176 yen, 20-year bond yield rises to 1.765%, first level in 11 years

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20-year bond yield rises to 1.765%, first level in 11 years - bid alert due to operation reduction
The yield on the new 20-year government bonds reached a high level for the first time in 11 years. Since the Bank of Japan decided to reduce government bond purchases the day before, observations that monetary policy normalization would be accelerated intensified, and sales began due to a sense of caution against 20-year government bond bidding on the 16th.

Manufacturer price increases due to the depreciation of the yen spread, and the increase was over 30% in May, a record high in a single month
Corporate price increases due to the depreciation of the yen are increasing. Among the price increase items of major food manufacturers, the ratio due to the depreciation of the yen reached close to 30% this year, which was one reason why the average price increase rate reached over 30% in May. If the depreciation of the yen is prolonged, there is a possibility that it will also lead to a boost in underlying inflation, which the Bank of Japan places importance on in judging additional interest rate increases.

Featured stocks
ENEOS temporarily surged by over 11% in the backstage, looking at the stock buyback with an upper limit of 680 million shares as material
$ENEOS Holdings (5020.JP)$grew rapidly in the backstage and hit a new year-to-date high. At 1:00 p.m. on the 14th, it was announced that a stock repurchase will be carried out with the total number of shares acquired up to 680 million shares (22.68% of the total number of issued shares excluding treasury shares). It seems that purchases anticipated a positive impact on stock supply and demand due to large-scale share buybacks gathered.

Daiwa Stock Exchange G shares temporarily depreciated 6.4%, and there are concerns about US commercial real estate risks due to the Aozora Bank partnership
$Daiwa Securities Group (8601.JP)$Stocks plummeted. It was sold to 1091.5 yen, which was 6.4% lower than the day before at one point. A capital and business alliance with Aozora Bank was announced on the 13th, and risks to US commercial real estate owned by the bank were made aware.
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Petroleum Resources implemented a 1 to 5 stock split for shareholders on 9/30
$Japan Petroleum Exploration (1662.JP)$It was announced on the 14th that a 1 to 5 stock split will be carried out on 10/1 with 9/30 as the reference date. The aim is to improve stock liquidity and expand the investor base.

Financing-related
Sharp has a final deficit of 149.9 billion yen for the fiscal year ending March 24 and impairment due to poor LCD performance
Rakuten Group landed with deficit reduction at the end of the January-March fiscal year (1Q)
Sony G's operating profit plan increased 5.5% to 1.275 trillion yen - lower than market expectations
INPEX revised the last half of the first quarter upward by 32%, and increased the amount for the full year
Kuraray expanded its increase in the backstage, raised the 7% super high earnings forecast for the current fiscal year, and announced a stock buyback with an upper limit of 15 million shares