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The afternoon Nikkei average started with a decrease of 1353 yen, with KOKUSAI and Toshiba Corporation falling.
[Nikkei Stock Average and TOPIX (Table)] Nikkei Stock Average: 37332.50, -1353.81 TOPIX: 2654.00, -79.27 [Afternoon Opening Summary] The Nikkei Stock Average in the afternoon started at 37332.50 yen, down 1353.81 yen from the previous day's close (37405.59 yen), widening its decline slightly. During the lunchtime, the Nikkei 225 futures were in a range of 37230 yen to 37420 yen. The dollar-yen exchange rate was 1 dollar = 145.40-50 yen since around 9:00 am.
Kokusai Electric Completes Major Share Buyback
KOKUSAI: Notice regarding financial results of parent companies, etc.
Jefferies Adjusts Kokusai Electric's Price Target to 5,400 Yen From 6,000 Yen, Keeps at Buy
Tsuburaya Fi HD, Yamashin F, KOKUSAI
<4275> Carlet 1084 fell sharply by -136. It announced its first quarter results at the end of last week, with an operating profit of 0.38 billion yen, down 26.5% from the same period last year. The unchanged first-half plan is 1.6 billion yen, up 15.6% year-on-year, and there is a negative reaction to unexpected significant losses. The main segments are generally experiencing declining profits, and the main chemical business is struggling with stagnant sales due to certification issues for automobile models and continued production adjustments in the semiconductor market. Due to labor cost increases and delays in price correction, etc.
Kokusai has surged significantly, expected to benefit from the supply and demand impact due to the new inclusion of MSCI.
KOKUSAI <6525> rose sharply. MSCI's stock replacement has been announced, with six Japanese stocks being excluded from the Global Standard Index while the company is newly adopted. In the short term, the impact of index buying is expected to boost demand and supply. According to calculations by Daiwa Securities, there will be a buying demand of over 8.2 million shares, and the trading impact is estimated to be equivalent to 2.33 days.
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