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Toyota Motor Q2 Sales $76.29B Beat $72.27B Estimate
The world's largest automaker's second-quarter profit plummeted by half! Toyota Motor is currently experiencing the bitter fruit of fraud.
①Toyota's second quarter profit plummeted 55% year-on-year to $3.7 billion, the chief financial officer of the company admitted that the main reason was the production stoppage caused by fraud scandals and recalls; ②Toyota promised to increase investment in human resources and development, and expects to resume its production in the second half of the fiscal year.
"Trump trade" dominates, temporarily recovering to 39,600 yen.
The Nikkei average continued to rise significantly, closing at 39,480.67 yen, up 1005.77 yen (with an estimated volume of 2.450 million shares). Amid progress in the U.S. presidential election vote count, buying expectations for former President Trump's victory gradually took precedence. Additionally, in the foreign exchange market, the 'Trump Trade' led to a rise in dollar buying and yen selling, pushing the yen lower to around 154 yen per dollar, boosting investor sentiment. Furthermore, with U.S. stock index futures also trading in positive territory, there is optimism for post-election market movements.
SBI Securities (day-to-day) Mitsubishi Heavy Industries sell more, Toyota Motor buy more.
Sell Code Security Name Trading Value (6146) Disco 73,478,542,070 (7011) Mitsubishi Heavy Industries 66,993,487,320 (6857) Advantest 57,762,803,590 (1570) NEXTFUNDS Nikkei 225 Leveraged Index ETF 54,999,948,463 (7013) IHI 46,230,002,024 (6920) Laser Tech
Active and newly listed stocks during the morning session.
*Enplus <6961> 5550 increased by 550, Ichii Securities upgraded its investment rating. *Itoki <7972> 1606 +146, turning to operating profit increase in the third quarter cumulative total. *Kyushu FG <7180> 778 +70.5, upwardly revised performance and dividend financial estimates. *JMDC <4483> 4633 +368, exceeding the previous plan in the first half. *Fujimi Incorporated <5384> 2504 +186, evaluation of significant profit increase in the first half financial results. *Nomura Micro-
Expectations for economic policies are high after the presidential election.
[Stock Market Opening Comments] On the 6th, the Japanese stock market is likely to see market developments while keeping an eye on the results of the US presidential election. On the 5th, the US market saw the NY Dow rise by 427 points and the Nasdaq rise by 259 points. Expectations that uncertainty will be dispelled by the presidential election passing led to a bullish trend. In addition, unexpected improvement in the October ISM non-manufacturing business conditions index in the US has strengthened buying expectations for a soft landing. Chicago Nikkei 225 futures settlement price compared to Osaka was 31 points.