No Data
Three key points to focus on in the morning session: Yen strength and US tech stock weakness are a heavy burden.
In the morning session of November 1st, the following three points deserve attention: - The strong yen and weakness in US high-tech stocks are a burden. - Canon, 3Q operating profit increased by 14.4% to 296.6 billion yen. - Points of interest in the morning session: Nidec, Nidec Machine Tools, inline gear full inspection, partnership with a Swiss company. With the strong yen and weakness in US high-tech stocks, the Japanese stock market on November 1st is likely to see a bearish trend. On October 31st, the US market saw a dow jones industrial average decrease of 378 points, and the nasdaq dropped by 512 points. Micro
nidec corporation sponsored adr, Aisin, etc. [List of stock information from newspapers]
*Nidec Corporation sponsored ADR ＜6594＞ Nidec Machine Tools, all gears inspected inline, collaborating with a Swiss company (Nikkan Kogyo front page) -○ *Mitsui E&S ＜7003＞ DU of the group, supplying methanol engine for large tankers (Nikkan Kogyo front page) -○ *NTT ＜9432＞ Toyota Motor developing 'Mobility AI Platform', investing 500 billion yen (Nikkan Kogyo page 3) -○ *Otsuka Holdings ＜4578＞ Mr. Manabu Inoue appointed as president, expanding new drug creation and new businesses (Nikkan Kogyo page 3) -○ *Kyowa Kirin ＜415
Otsuka Holdings Q3 EPS $0.52 Up From $0.38 YoY, Sales $4.17B Up From $3.68B YoY
Profit-taking sales are dominant due to the decline in US high-tech stocks.
The Nikkei average fell for the first time in 4 days. It closed at 39,081.25 yen, down 196.14 yen (trade volume approximately 2.19 million shares). In the previous three days, it rose more than 1,300 yen, but due to the selling of tech stocks in the US market the previous day, profit-taking sales of tech stocks led the way in the Tokyo market as well. The outcome of the Bank of Japan's monetary policy meeting revealed after the morning session ended was as expected, deciding to maintain the current monetary policy, but not as dovish as the outlook report had anticipated.
Otsuka Holdings: Summary of financial results for the 3rd quarter of the fiscal year ending 2024/12 [IFRS] (consolidated)
Otsuka Holdings Sees FY Net Y240.00B
No Data
No Data