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Canada's Couche-Tard Makes Fresh Attempt to Acquire 7-Eleven Owner
Right-On, Warabe Nichiyo, Ion Delight, etc.
<7811> Nakamoto Pax 1687 +85 significant rebound. The company announced its first-half financial results the previous day, with operating profit reaching 1.56 billion yen, a 53.0% increase compared to the same period last year, significantly exceeding the previous financial estimates of 1 billion yen. As the first quarter was at a 6.9% increase level, the significant positive impact of the substantial upward revision took precedence. Increased orders in IT and industrial materials for smartphone purposes, as well as semiconductors, and strong sales of high-margin in-house products related to living materials also contributed to the favorable performance. The full-year forecast remains unchanged.
Nikkei average rebounds, supported by the rise of US tech stocks while keeping an eye on Asia stocks.
On the 8th, the US stock market closed with the Dow up 126.13 points to 42,080.37, and the Nasdaq up 259.02 points to 18,182.92. Concerns over the escalation of tensions in the Middle East eased, leading to an increase after the opening. The market was temporarily sold off as New York Fed President Williams suggested that the option of a slight rate cut still exists. However, buying in high-tech such as semiconductors like Nvidia on expectations of a soft landing and strong demand for AI supported the market, leading to another rise.
Japanese Stocks Rise 0.9%
7&iHD - Sharp increase, report of revised proposal to raise the acquisition amount of Kushtaar comes out.
7&iHD<3382> is sharply rising. It has been reported that they have made a new acquisition proposal to Kushthaal, a Canadian company, amounting to a total of 7 trillion yen at $18.19 per share (about 2700 yen). The proposed price exceeds the previous proposal of $14.86 and the previous day's closing price by more than 20%, reigniting expectations for the acquisition premium. The company had previously rejected the proposals citing undervaluation of corporate value.
Japan's Nikkei Climbs on Tech Boost; 7-Eleven Owner Jumps
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