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The Nikkei Average fell for the fifth consecutive day amid a back-and-forth movement ahead of earnings announcements.
On the 22nd, the US stock market rebounded. The Dow rose 127.91 points (+0.32%) to 40,415.44 dollars, the Nasdaq rose 280.63 points (+1.58%) to 18,007.57, and the S&P 500 rose 59.41 points (+1.08%) to 5,564.41. After the opening, the uncertainty eased following Biden's withdrawal from the election, leading to an increase. The Dow initially fell as buying in anticipation of former President Trump's victory retreated, but high-tech stocks
Kobe Bussan's stock continues to fall, with a decline in operating profit for June on a standalone basis.
Continued decline. The company released its June monthly report on a standalone basis yesterday. Operating profit decreased by 6.4% year-on-year to 2.53 billion yen, and monthly operating profit decline was the first time in 16 months. This is due to sluggish growth in existing store shipments and a deterioration in gross profit margin. Existing store shipment results increased by 3.1% year-on-year, but the growth rate was the lowest since the 24th fiscal year of October. Gross profit margin was 9.8%, and it deteriorated from the same month and the previous month of the previous year. It is believed to be due to the depreciation of the yen and the rise in raw material prices.
Mitsui Kinzoku, TDK, etc. (added) Rating
Downgrade - Bearish Code| Company Name | Securities Company | Previous | Current | ------|-----------|----------|---------|---------| <5938> | LIXIL | GS | "Buy" | "Hold" | <6674> | GS Yuasa | City | "1" | "2" | Target stock price change code| Company Name | Securities Company | Previous | Current | ------|
July 23rd [Today's Investment Strategy]
[FISCO Selected Stocks] [Material Brands] JM Holdings <3539> 2752 yen (7/22) operates food supermarkets such as 'Japan Meat Fresh Store' and 'Niku no Hanamasa'. It is based in the Kanto region. It has upwardly revised its financial estimates for the fiscal year ending July 2024. The operating profit is expected to be 9 billion yen (an increase of 24.2% from the previous year). This is about a 16% increase from the previous estimate. Same-store sales are steadily increasing. In the fourth quarter, there will be unexpected new store openings and store renovations, resulting in temporary costs.
Focus on Mail Shipping and Insouce [Today's individual stock trends]
On the American stock market on the 22nd, the Dow Jones Industrial Average rose by 127.91 points to 40,415.44, the Nasdaq Composite Index rose by 280.63 points to 18,007.57, and the Chicago Nikkei 225 futures rose by 470 yen to 39,950 yen compared to the Osaka-Nichi-Nichi High Low Average. The exchange rate was 1 dollar = 156.90-157.00 yen. In today's Tokyo market, Insouce <6200>, which upwardly revised its JMHD <3539> performance forecast for the year ending July 24 and upwardly revised its profit and dividend forecast even though its sales forecast for the year ending September 24 was downwardly revised,
The Nikkei average fell significantly for the fourth consecutive day, dropping more than 500 yen at one point due to a rollback of the Trump rally.
On the 19th, the US stock market continued to fall. The Dow Jones Industrial Average closed at 40,287.53, down 377.49 points (-0.93%), the Nasdaq closed at 17,726.94, down 144.28 points (-0.81%), and the S&P 500 closed at 5,505.00, down 39.59 points (-0.71%). There was selling pressure due to concerns that a system failure would cause chaos in the world economy, causing a decline after the opening. Profit taking sales ahead of the earnings release of high-tech companies next week were also seen, further lowering the market.