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Three points to watch in the morning session: Expectations for laser tech breakthroughs.
In the morning of the 8th trading day, we want to pay attention to the following three points: ■ Expectation for Laser Tech's activation ■ Honda's Q1 operating profit increased by 22.9% to 484.7 billion yen. ■ Key materials of the morning session, Toyota, keeping parts prices unchanged in the second half of this fiscal year, also applicable to large enterprises ■ Expecting activation of Laser Tech After a round of selling, the Japanese stock market on the 8th is likely to move towards a stance of aiming for dips while determining the firmness of the downside. On the US market on the 7th, the NY Dow was down 234 points and the Nasdaq was down 171 points.
Expecting a great performance from Laser Tech
[Stock Market Opening Comments] On the 8th, the Japanese stock market seems to be heading towards a stance of aiming for dips, while assessing the strength of the downside after a round of selling. On the 7th, the US market saw the Dow Jones Industrial Average drop 234 points and the NASDAQ drop 171 points. The movement of buybacks following the relaxation of concerns of economic downturn, took the lead, but then turned to a decline as long-term US interest rates rose due to the weak results of the 10-year bond auction. The settlement price for Chicago Nikkei 225 futures was 34,370 yen, down 700 yen from the Osaka market. The exchange rate of the yen is 1 dollar to 14.
After adjusting to the 52-week line, Rakuten Bank rebounded.
After falling sharply from a peak of 3,600 yen on August 1st, the stock quickly rebounded and has since rebounded to the 13-week moving average after falling to the 52-week level. On the daily chart, it has approached the 75-day moving average after a battle across the 200-day moving average. In the Ichimoku Kinko Hyo chart, after breaking through the lower limit of the cloud, it has been fighting at the lower limit of the cloud, and a rebound along the rising lower limit of the cloud is expected.
Honda's operating profit in Q1 increased by 22.9%, reaching 484.7 billion yen.
Honda (7267) announced its first quarter results for the fiscal year ending in March 2025, with sales revenue of 5 trillion 404.858 billion yen, a year-on-year increase of 16.9%, and operating profit of 484.705 billion yen, a year-on-year increase of 22.9%. This exceeded the consensus (around 473 billion yen). The global number of passenger carried increased mainly in India and Brazil in the motorcycle business. The strong sales of hybrid models also continued in the four-wheel business. [Positive evaluation] 5858 STG, 79.
Rakuten Bank Announces Strong Q1 2024 Financials
Rakuten Bank: Financial report for the first quarter of the fiscal year ending March 2025 [based on Japanese standards] (consolidated).
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