In the morning trading on the 25th, three points should be noted:
• The deployment of TOPIX type advantage is expected to be slightly
• Shimamura, 1Q operating profit increased by 0.3% to 14.5 billion yen
Focus on the following points in the morning's attention: Inoseki Agricultural Machinery expands orders in Europe and expands biofuel mowers.
• The deployment of TOPIX type advantage is expected to be slightly
On the 25th, the Japanese stock market is expected to remain in a strong stalemate. On the 24th, the US market saw the NY Dow rise by 260 dollars and the Nasdaq fall by 192 points. Dow, which is supported by purchases of sensitive stocks and lagging brands such as banks and energy, moved firmly throughout the day. On the other hand, the Nasdaq fell due to the sale of semiconductor stocks such as Nvidia for the second week in a row. Chicago Nikkei average futures are trading at 38,710 yen, 30 yen lower than Osaka. The exchange rate is hovering around 159.50 yen to the dollar.
Due to the posture of leaning toward the Chicago futures market, selling is expected to precede buying. Although the Nikkei 225 futures were purchased up to 38,970 yen at the night session, it softened toward the end and was sometimes sold up to 38,670 yen. It is likely to be a burden on the Nikkei Stock Average as it is easy to take profits from stocks with large index impact such as Tokyo Electron <8035> and Advantest <6857>, which fell due to Nvidia's decline.
Yesterday's Nikkei average stock price started with selling, but it recovered in the plus range as one corner of high-tech stocks was repurchased amid a large impact of the index. There were scenes where it broke through the 25-day line and approached the 75-day line. High-tech stocks, which continue to have a strong momentum, are easy to take profits, but it is expected that the psychological resistance will be around 38,930 yen, where the 75-day line is located, while the firmness around 38,700 yen, which is around the 25-day line, is likely to be conscious.
In addition, it will be necessary to observe for a while, since it is within the range of taking profit for Nvidia and it is difficult to turn to selling views. Although it is easy to take profits from high-tech stocks that continue to be strong, buying interest for dips is likely to be strong for stocks such as Tokyo Electron, which are adjusting on a daily basis.
In the foreign exchange market, the movement to approach 1 dollar = 160 yen is shown. Although there is speculation about foreign exchange intervention, intervention is often considered temporary and the yen is likely to remain weak. Therefore, a somewhat TOPIX-oriented development is expected, as a shift of funds towards export-related industries is likely to be considered and energy stocks are likely to be searched for as a result of the rise in NY crude oil futures market.
• Shimamura, 1Q operating profit increased by 0.3% to 14.5 billion yen
Shimamura (8227) announced that its revenue for the first quarter of the 2025 fiscal year was JPY 164.466 billion, up 4.7% YoY, and operating profit was JPY 14.579 billion, up 0.3% YoY. The revenue for the Shimamura business was JPY 119.843 billion, up 4.6% YoY, Birthday business was JPY 21.962 billion, up 4.2% YoY, and Abil business was JPY 16.390 billion, up 5.2% YoY. The results for the 2025 fiscal year ending in February maintained the first quarter plan of revenue of JPY 659.622 billion, up 3.9% from the previous year, and operating profit of JPY 56.362 billion, up 1.9% from the previous year.
Materials of concern in the morning session
The Nikkei Average is up (38,804.65, +208.18)
The NY Dow is up (39,411.21, +260.88)
US crude oil futures are up (81.63, +0.90)
Long-term US interest rates fell.
Expectations for inflation to ease in the US.
Request for improvement in corporate value by the Tokyo Stock Exchange.
• Sumitomo Chemical <4005>: Next-generation EUV exposure new resist, few impurities without using metal
• Kitakanto <3865>: Confused by the shareholder proposal for the dismissal of the president at the shareholder meeting on the 27th
• Toyo Engineering <6330>: Develop waste plastic oil refining technology with SCG Chemicals, considering license provision
• Rohto Pharmaceutical <4527>: Invests in Recursion, utilizing AI for healthy management DX
• Mitsui & Co. <8031>: Mr. Asami, Executive Officer and Head of Distribution Business Division, launches offensive in food and clothing, laying the foundation
• Mitsui & Co., Ltd. <8031>: Acquires gas development rights in the United States, aiming at low-carbon demand
• Kanematsu <8020>: Acquires distribution of electronic equipment, strengthens DX promotion product group
• Mitsubishi Motors <7211>: Investing in Australian lease aiming to increase sales through business expansion
• IHI <7013>: Installation of small-scale SAF manufacturing test equipment in Singapore
• Furukawa Kikou Kinzoku <5715>: Furukawa Unic, crane training with VR, cooperates with Symphony
• Mitsui E&S <7003>: Drone inspection route generation with Zenrin Datacom, app release
• Shibaura Machine <6104>: Sells factory site in Shizuoka for 4.4 billion yen
• Komatsu <6301>: Deepening in Central Asia, selling 150 mining dump trucks, etc.
• Kawasaki Heavy Industries <7012>: Proved protective and blocking performance, providing ventilation equipment for underground shelters
• Yamabiko <6250>: Supplying biofuel test to forestry association
Dexcelials <4980> expands its direct proposals for car products in the US marketing base.
NEC <6701> collaborates with Urusa in satellite image analysis and develops new services for Japan.
NTT <9432>, DOCOMO, etc. successfully conducted a demonstration experiment to support remote robotic surgery using 5G.
Fujitsu <6702> challenges Diamond Spin Quantum with semiconductor technology control.
Trade Works <3997> and SCSK partner to build a securities business foundation.
Mitsui Chemicals <4183> creates added value for its business by strengthening its risk management.
Obayashi Corporation <1802> develops sealing materials using scallop shells and other marine resources.
☆ Schedule of events in the morning session
Not applicable.
Not applicable.