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Teijin, Sumitomo Chemicals, ETC [List of brand materials from the newspaper]
*Teijin <3401> shipped samples of electrode materials, miniaturizing the Fuel Cell Energy for Autos (Nikkan Kogyo, front page) — ○*Sumitomo Chemicals <4005> focuses on Agrochemicals and electronic materials with a new mid-term plan, solidifying its foundation for a return to growth (Nikkan Kogyo, page 3) — ○*Mercari <4385> enters the MVNO market, allowing the resale of unused gigabytes on 'Mercari' (Nikkan Kogyo, page 3) — ○*Nagase & Co. <8012> establishes a new investment fund, creating a new company to transform its materials business (Nikkan Kogyo, page 4) — ○*Mitsubishi Corporation <8058> supports the introduction of EV trucks for Pharmaceutical Logistics comprehensively.
The Nikkei average fell sharply by 688 yen, with a decrease of up to 969 yen, amid concerns over Trump's tariffs and the appreciation of the yen = four days before the market close.
Four days ago, the Nikkei average price fell significantly by 688.96 yen to 37,096.51 yen compared to the previous day. The TOPIX (Tokyo Stock Price Index) also fell greatly by 32.57 points to 2,696.99 points. At 10:34 AM, the Nikkei average dropped to 36,816.16 yen, down 969.31 yen, breaking below the low from the end of the previous month. On the 3rd, U.S. President Trump stated that additional tariffs on Canada and Mexico would begin as scheduled from the 4th. This has implications for the U.S. economy.
The Nikkei average is down about 540 yen, showing a sluggish trend even after the initial Sell.
On the 4th at 10:02 AM, the Nikkei average stock price fluctuated around 37,240 yen, down about 540 yen from the previous day. At 9:48 AM, it reached 37,225.38 yen, down 560.09 yen. In the US stock market on the 3rd, President Trump announced that additional tariffs on Canada and Mexico will start on the 4th. This raised concerns about the impact on the US economy, leading to broad sell-offs of stocks. Additionally, President Trump's remarks aimed at curbing the depreciation of the yen influenced the dollar-yen exchange rate, resulting in a stronger yen.
IPO strategy: 12 stocks are set to go public in March.
Concentrated in the nine business days of the second half of the month. The IPOs (new listings) for March have been completed, totaling twelve listings this year. Although it is a time when IPOs typically increase at the end of the fiscal year, this year is less than usual, and they are concentrated in the nine business days after the 18th. This week and next week will be a blank period with no IPOs. The largest IPO is from JX Nippon Mining & Metals <5016.T> (Main Board, Nonferrous Metals) with a raised amount of 460 billion yen and a Market Cap of 860 billion yen. Although it is a relisting project of Shin Nihon Kogyo Holdings, it is fully owned by the parent company.
ENEOS Holdings Reports Progress on Share Buyback Initiative
How to read the book: JX Metal "Hold" (Book period: March 3-7)
The expected issue price of JX Metals <5016.T> (Main Board, Nonferrous Metals) is 862 yen. The provisional conditions will be announced on March 3. It is a 100% subsidiary of ENEOS Holdings <5020.T> and a re-listing project of Shin Nippon Mining Holdings. The main focus is on semiconductor materials. The amount to be absorbed from the market is expected to be around 460 billion yen, and the Market Cap is estimated to be around 800 billion yen. Although there is no appeal as an IPO (initial public offering) stock, it is expected to have a stable stock price trend supported by demand from Institutions after listing.
