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Toray Industries: Interim report.
The Nikkei average rose by 41 yen, rebounding for the first time in three days, as the yen appreciated temporarily following comments from Governor Ueda of the Bank of Japan = 21st morning session.
On the 21st, the Nikkei average during the morning session rose by 41.30 yen compared to the previous day, reaching 38,719.34 yen, marking a rebound for the first time in three days. The TOPIX (Tokyo Stock Price Index) also increased slightly by 0.37 points to 2,734.97 points. The Nikkei average started trading under selling pressure from the morning due to a decline in US stocks on the 20th. It continued to trade weakly, influenced by the yen's appreciation against the dollar. However, during the House of Representatives budgetary committee, Bank of Japan Governor Kazuo Ueda stated that "if long-term interest rates rise sharply, the bank will increase government bond purchases flexibly."
Rating information (Target Price change - part 1) = Shimizu Corporation, Osaka Titanium, ETC.
Nomura Securities (three-tier: Buy > Neutral > Reduce) Shimizu Corporation <1803.T> -- "Buy" → "Buy", 1,450 yen → 1,710 yen. Kajima Corporation <1812.T> -- "Buy" → "Buy", 3,350 yen → 3,750 yen. Sumitomo Osaka Cement <5232.T> -- "Buy" → "Buy", 4,060 yen → 4,170 yen. Taiheiyo Cement <5233.T> -- "Buy" → "Buy", 4,530 yen → 4,570 yen. NGK Insulators <5333.T> -- "Buy" → "Buy", 23.
UBE, Mitsui & Co., etc. [List of stock materials from the newspaper]
* UBE Corporation President Nishida announced a revenue of 1 trillion yen for 2023 (Nikkai Industry, page 3) - ○ * Kddi Corporation has completed verification of its cluster Router, flexibly responding to increased communications volume (Nikkai Industry, page 4) - ○ * Sodick is optimizing its strategy for China by restructuring its machinery (Nikkai Industry, page 4) - ○ * Mitsui & Co. acquired iron ore interests in Australia for 800 billion yen, with production expected to start in 2030 (Nikkai Industry, page 4) - ○ * NOK is expanding the utilization of data in the oil seal field.
TORAY INDS INC has achieved uniform and rapid depolymerization of nylon 66, allowing for the recovery of monomer raw materials.
On the 19th, TORAY INDS INC <3402.T> announced that it has discovered a unique depolymerization technology using subcritical water that allows for a uniform depolymerization of nylon 66 in a short time of about several dozen minutes, which can be recovered as monomer raw materials. According to the company, nylon 66 has an annual market size of about 100,000 tons in Japan and about 1.3 million tons globally, leveraging its characteristics of high heat resistance and high strength, primarily used for automotive and industrial materials.
The Nikkei average is down about 10 yen, showing weakness after initial selling = morning of the 19th.
On the 19th at around 10:03 AM, the Nikkei average stock price is fluctuating at around 39,260 yen, down about 10 yen from the previous day. At 9:43 AM, it reached 39,138.39 yen, down 132.01 yen. As yesterday, the 18th, saw a heavy upper price and a shrinking range, selling has been dominant. Additionally, on the 18th, American President Trump revealed that the tariff being considered for cars imported to the American will be around 25%, leading to weakness in car-related stocks. On the other hand,
