.TOPIX TOPIX
- 2712.630
- +19.610+0.73%
Buyback movement due to expectations of a soft landing in the US economy.
The Nikkei Average rebounded, closing at 38,647.75 yen, up 285.22 yen (approx. 2 billion shares traded). Due to the Dow Jones Industrial Average reaching a new high in the previous day's US market, investor sentiment improved and buying focused on leading stocks. However, the decline in shares of US semiconductor giant Nvidia weighed down on semiconductor-related stocks, resulting in selling pressure. The Nikkei Average soon turned negative, falling to 38,316.87 yen. However, being the final trading day of the month, there were buying activities from domestic institutional investors to adjust their holdings.
Active and newly established stocks in the afternoon session.
*Mitsubishi Electric <6503> plans to conduct a share buyback at a maximum limit of 0.96% of the issued shares.*Tokyo Kikai <6335> has completed the development of an autonomous driving cleaning robot called 'Ikubo Dust Cleaner' in collaboration with Nishio Ren-Tall.*Tsunagu GHD <6551> plans to conduct a share buyback at a maximum limit of 1.9% of the issued shares.*Toshibaki <8920> has upwardly revised its financial estimates for the fiscal year ending March 2025.*Rakuloria Sogyaku <4579> has a grelin receptor agonist drug.
The Nikkei Average rebounded, gradually rising towards the close of the market, driven by supply and demand.
In the U.S. stock market on the 29th, the Dow Jones Industrial Average closed at 41,335.05, up 243.63 points (+0.59%), while the Nasdaq closed at 17,516.43, down 39.60 points (-0.23%), and the S&P 500 closed with a slight decline of 0.22 points (-0.004%). The revised figures for the GDP and personal consumption for the 4th to 6th quarter exceeded expectations, leading to an increase in the market after opening. The robustness of the domestic economy, labor market, and consumption demonstrated positive prospects for the economy, resulting in a continued rise in the market. Towards the end...
Da Cheng construction has reached a new high in its stock prices [Stock which hit a new high or low in prices]
The top-performing stocks on the TSE Prime are Daichiseiki Construction <1801> and Nishimatsu Construction <1820>, a total of 62 stocks. The stock with the lowest price on the TSE Prime is Fujicco <2908>, with 1 stock. The TSE Prime, TSE Standard, and TSE Growth have all reached new highs and new lows.
Active and newly listed stocks during the morning session.
*TOWA <6315> 7620 +6601: Announces implementation of stock splits at a ratio of 3:1. *Transaction <7818> 2020 +168 No specific material, but may be a buy opportunity after the decline due to ex-rights on the previous day. *Nihon Micronics <6871> 4860 +350 Buying on dips supported by high semiconductor stocks. *Kobayashi Pharmaceutical <4967> 5640 +396 Speculation based on certain online articles. *SWCC <5805> 5330 +360 Buying on the news of power companies' strengthening of transmission networks.
veru inc SIS 24---TCA participates in the establishment of AI Co-Creation Lab.
On the 30th, VERU Inc.<6183> announced that TSUNAGU Community Analytics (TCA) will participate in the Co-Creation Lab, a collaborative service with VERU Inc., to develop and launch a joint service that utilizes generated AI to achieve "knowledge sharing" for contact centers. This service is aimed at companies that face challenges in knowledge sharing with experienced professionals.
Toyo Shokai - substantial rebound, upward revision of financial estimates due to the sale of trust beneficiary rights.
Significant rebound. It has been announced that the sale of trust beneficiary rights for rental properties in Suzuka City, Mie Prefecture has been decided. Although the sale price is not disclosed, the property delivery date is scheduled for November 28th, and it is planned to be recorded as revenue for the fiscal year ending March 2025. As a result, the full-year performance forecast has been revised upward, with revenue increasing from the previous estimate of 25 billion yen to 34 billion yen, and operating profit increasing from 4.7 billion yen to 5 billion yen, a 26.3% increase from the previous period.
AI industry achieves another milestone! OpenAI and Oracle will undergo pre-testing by the US government before model release.
OpenAI and Oracle, the two leading AI companies, have announced their collaboration with the US AI Security Institute to conduct security testing before model release. The US AI Security Institute states that this is a major milestone in managing the future of AI, and they will participate in security testing before and after the release of all major models in the future.
SWCC - Continued significant increase, electrical utility companies' stocks such as power cables are being bought due to reports of power transmission network expansion.
A significant increase. Tokyo Electric Power HD is reported to be strengthening its power transmission network by investing 470 billion yen by fiscal year 2027 to build large-scale substations and enhance the power transmission network to respond to the increase in data centers and semiconductor factories. With the successive development plans for data centers and semiconductor factories, it seems that the development of electrical infrastructure has become a challenge. In response to this report, attention is being focused on wire stocks such as the company and Furukawa Electric, as well as power equipment investment-related stocks such as Daihen and Toko Kogyo.
Being HD - achieved high profit growth with "non-transport logistics", on track to meet financial estimates.
BEING Holdings <9145> operates logistics business specializing in daily necessities and passenger services. They plan and propose logistics for customers, and consistently promote the establishment of transportation, storage, packaging, handling, distribution processing, and information systems at their own and customers' logistics centers. They focus on 3PL (3rd Party Logistics) business, producing 3PL business for similar companies, and managing the entire supply chain with 4PL (Fourth Party)
Sumitomo Rubber, Miura Kogyo, etc. (Added) Rating
Upgrade - Bullish Code | Stock Name | Securities Company | Previous | After Change | ------ | ------------ | ---------- | --------- | --------- | <9719> | SCSK | GS | "Hold" | "Buy" | Target Stock Price Change Code | Stock Name | Securities Company | Previous | After Change | ------ | ------------ | ---
Meidensha - Significant rebound, announces an increased interim dividend compared to the same period last year.
It has rebounded significantly. It has been announced that the interim year-end dividends, which were previously undecided, will be set at 35 yen. This represents a 10 yen increase compared to the same period of the previous year. The announcement of increased dividends for the low-revenue first half of the year has had an impact. It also seems to contribute to a sense of reassurance about the current performance trends. Furthermore, the year-end dividend estimates continue to remain undecided. However, if it remains at the same level as the previous period, the annual dividends would be 85 yen, resulting in a dividend yield of 2.6% based on the previous day's closing price.
Meidensha ranked in, with an interim dividend of 35 yen, an increase of 10 yen compared to the same period last year.
Meiden <6508> ranked in (as of 10:32). Significant increase. After the previous trading session, it announced that the interim dividends for the fiscal year ending in March 2025, which had been undecided, would be 35 yen, and it has garnered favorable buying interest. It was 25 yen in the same period last year. The year-end dividends remain undecided. The company's basic policy is to enhance shareholder equity and improve the return on shareholder equity, as well as to implement appropriate dividends that are stable and commensurate with performance. Top volume change rate [as of August 30, 10:32]
SBHD - Winner of the Industrial Packaging Division Award for the 22nd consecutive year in the Japan Packaging Contest.
On the 29th, SB Holdings <2384> announced that its group company, SBS Toshiba Logistics, has won the Industrial Packaging Excellence Award in the Packaging Division at the 2024 Japan Packaging Contest hosted by the Japan Packaging Technology Association, achieving 22 consecutive wins in the contest. The company aims to achieve a significant increase (33% improvement) in the total logistics cost of lithium batteries, which account for the majority of the cost, through maximizing container loading in maritime transportation. This includes reducing packaging volume.
Investment Strategy for August 30th [Today].
[Fisco Selected Stock] [Material Stock] Daiki Aluminum Industry Co., Ltd. <5702> 1,118 yen (8/29) They announced that they will implement a share buyback of up to 1 million shares, which is 2.46% of the issued shares, and 1.118 billion yen in value, by melting used aluminum and producing secondary aluminum alloy ingots. On August 30, they will commission the purchase at the Tokyo Stock Exchange's off-hours trading session for treasury stock (ToSTNeT-3). As of March 31, 24, the company's holding of treasury stock is 3.11 million shares.
Comsys HD - Electrical utilities reported that the power company will strengthen its power transmission network.
It is reported that electricity companies are strengthening their power transmission networks in response to the increase in datacenters and semiconductor factories, and the expansion of demand for electrical utilities infrastructure construction is expected. Tokyo Electric Power Holdings (9501) is said to be investing 470 billion yen in strengthening its power transmission network and building new large-scale substations by the fiscal year 2027.
Trump Doesn't Mince Words About Mark Zuckerberg In His New Coffee Table Book: He Would Come To the Oval Office To See Me But He Was 'Always Plotting'
Toei Kyoei ranked in, upwardly revised financial estimates for the fiscal year ending March 2025, selling real estate for sales.
Tohxiang <8920> ranked in (as of 9:32 am). Significant rebound. After the close of trading the previous day, the financial estimates for the fiscal year ending in March 2025 were revised upward, which has become a positive factor for buyers. The operating profit is expected to be 5 billion yen (a 26.3% increase compared to the previous year). This is about a 6% increase from the previous estimate. The upward revision was due to the sale of real estate for sale (the beneficial interest in trust for rental real estate in Suzuka City, Mie Prefecture) in the second quarter. Change in trading volume ratio top [as of August 30, 9:32 am] (recent 5-day average).
Rating [security companies rating]
Downgrade - Bearish Code | Stock Name | Securities Company | Previous | After Change | ------ | --------- | --------- | ------------ | ------------- | <3279> | API | CLSA | "Outperform" | "Hold" | <2317> | Sistena | Ichiyoshi | "A" | "B"
8/30 [Strength and Weakness Materials]
[Bullish and Bearish Factors] Bullish factors: Dow Jones Industrial Average rose (41335.05, +243.63), 1 dollar = 144.80-90 yen, VIX index decreased (15.65, -1.46), US crude oil futures rose (75.91, +1.39), expectations of easing inflation in the USA, active share buyback, request from the Tokyo Stock Exchange to improve corporate value. Bearish factors: Nikkei average declined (38362.53, -9.23), NASDAQ Composite Index decreased (17516.43, -39.60), Chicago Nikkei futures declined.