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Japanese Shares Slip as Traders Turn Defensive Ahead of Key US Data
Company Research Report: TODA KOGYO CORP. (4100)
Toda Kogyo Corp Sees Sales Growth Amid Profit Dip
Emerging US company focuses on constructing large factories for sodium-ion batteries.
In the US rechargeable battery market, sodium-ion batteries are attracting attention as they have the potential to bring about a big change. Emerging company Natron Energy, which developed this battery, plans to build its first large-scale factory in North Carolina with an investment of $1.4 billion (about 210 billion yen). <4100> Toda Industries, <5214> Nippon Electric Glass, <3405> Kuraray, <4044> Central Glass.
Toda Kogyo - double-digit increase in revenue in the first quarter, the electronic materials business is performing well.
On the 7th, Toda Kogyo <4100> announced its consolidated financial results for the first quarter of the 2025 fiscal year (April-June 2024). Revenue increased by 18.2% year-on-year to 7.307 billion yen, operating loss was 0.031 billion yen (compared to a loss of 0.077 billion yen in the same period of the previous year), ordinary profit decreased by 75.2% to 0.176 billion yen, and net profit attributable to quarterly shareholders of the parent company decreased by 95.7% to 0.028 billion yen. The revenue of the functional pigment business decreased by 5.2% year-on-year to 2.089 billion yen, and the segment profit decreased by 18.9%.
Three points to watch in the morning session~ Pay attention to the movement of semiconductor stocks such as Toshiba Electronics~
In the morning session of the 9th, the following three points should be noted for trading: ■ Pay attention to the trends of semiconductor stocks such as Tohoku Electric ■ Recruit Holdings, 1Q operating profit increased by 5.1% to 127.8 billion yen ■ Focus material in the morning session: Toyota, research and development expenses, 15 consecutive years of increase, ranked first, Toyota, 1.3 trillion yen, according to headquarters survey ■ Pay attention to the trends of semiconductor stocks such as Tohoku Electric The Japanese stock market on the 9th is likely to be more deadlocked after a round of buying, but it is likely to be heading towards a stance of targeting dips. On the US market on the 8th, the Dow Jones Industrial Average fell 683 points.
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