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Japan Stocks Rise as BOJ Rate Hike Bets Intensify
Green Earth, Nippon Paper, Sumitomo Corp Form Bioethanol JV
Sumitomo Corporation, Japan Paper, and GEI are engaged in the manufacturing and sales of bioethanol produced from wood biomass, ETC.
Sumitomo Corporation <8053.T> announced on the 17th that it has agreed to establish a joint venture company "Mori Sora Biorefinery LLC" with Nippon Paper Industries <3863.T> and Green Earth Institute (GEI, Shinjuku, Tokyo) for the "manufacture and sale of bioethanol and biochemical products made from woody biomass." The project involves constructing a semi-commercial plant within the Nippon Paper Industries' Iwanuma plant in Miyagi Prefecture, focusing on sustainable practices using wood scraps from the Tohoku Region.
List of stock materials from the newspaper, including NTN, Murata Manufacturing, ETC.
*NTN＜6472＞developed a bidirectional rotating fluid Bearing, eliminating the need for a verification process (Nikkan Kogyo, page 1) - ○*Hitachi＜6501＞and 13 other companies collaborated for anti-money laundering measures and executed Asset Trades (Nikkan Kogyo, page 3) - ○*Mitsubishi Corporation＜8058＞and NTT conducted joint verification in AI drug discovery, transmitting large data using IOWN (Nikkan Kogyo, page 4) - ○*Espec＜6859＞launched a testing facility specializing in Battery for Autos, one of the largest in Japan, in Tokoname, Aichi (Nikkan Kogyo, page 8) - ○*IHI＜7013＞original for the Romanian project in the U.S.
The Nikkei average rose by 14 points, making a slight rebound, while the TOPIX continued to decline, resulting in a mixed performance on the 10th afternoon session.
On the 10th, the Nikkei average stock price rebounded slightly, up 14.15 yen from the previous weekend, reaching 38,801.17 yen. On the other hand, the TOPIX (Tokyo Stock Price Index) fell by 4.22 points to 2,733.01 points, continuing its decline, resulting in mixed movements. In the U.S. stock market on the 7th, the non-farm payrolls in January did not meet market Financial Estimates, causing the NY Dow to continue to decline and the Nasdaq Composite Index to fall for the first time in four days. This prompted preemptive selling.
Stocks that moved or were traded in the first half of the session.
*JIA＜7172＞ 1520 - With the increase in the dividend payout ratio, a significant increase in dividends is expected this period. *DeNA＜2432＞ 3732 +700 - The revenue level for the October-December period exceeded expectations. *Gurunavi＜2440＞ 339 +57 - The substantial increase in profits for the third quarter is being highly praised. *Taiyo Yuden＜6976＞ 2638 +370 - Upward revision of full-year performance reduces excessive caution. *Toa Construction Industry＜1885＞ 1375 +185 - Positive outlook continues with upward revisions and increased dividends following the first-half earnings report.