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The Tochigi Bank Cuts Financial Forecasts for Fiscal 2025 Due to Securities Sale Loss
Express News | [Change Report] Wellington Management Company LLP reported a decrease in their Shareholding in Tochigi Bank (8550.JP) to 5.61%.
The Nikkei average rose by 113 points, rebounding for the first time in three days, supported by a weaker yen, as of the afternoon of the 27th.
On the 27th, the Nikkei average stock price in the afternoon session rebounded for the first time in three days, rising by 113.80 yen to 38,256.17 yen compared to the previous day. The TOPIX (Tokyo Stock Price Index) also increased by 19.85 points to 2,736.25 points. At 10:04 AM, the Nikkei average reached 38,369.96 yen, up 227.59 yen. Following NVIDIA's announcement of its financial results for the fiscal year ending January 2025 and the revenue forecast for February to April 2025, which exceeded market expectations, Japanese stocks showed a positive reaction.
The Nikkei average rose about 168 points, briefly turned to Sell but recovered = Morning session on the 27th.
On the 27th, shortly after 10:01 AM, the Nikkei average stock price is trading around 38,310 yen, up about 168 yen from the previous day. At 9:45 AM, it reached 38,344.10 yen, up 201.73 yen. American semiconductor giant NVIDIA announced its earnings after the regular trading ended on the 26th local time. Following a revenue forecast for the February to April 2025 period that exceeded market averages, the company's stock rose in Extended hours trading. Japanese stocks also saw buying lead this trend, although there were moments when selling pressure occurred as investors waited for a pullback.
February 27 [Today's Investment Strategy]
[FISCO Selected Stocks] 【Material Stocks】 Allied Telesis Holdings <6835> 259 yen (2/26) provides IT solutions. It announced a Share Buyback of 2 million shares, amounting to up to 0.5 billion yen, which corresponds to 1.86% of the issued shares. The acquisition period is from February 27 to May 31, 2025. This action is part of a flexible capital policy and shareholder returns in response to changes in the business environment. As of January 31, 2025, the shareholding of treasury shares is 2.01 million 5802.
Pay attention to research drugs and Gunma Silver, while Tochigi Silver and others may be soft.
In the US stock market on the 26th, the Dow Jones Industrial Average fell by 188.04 points to 43,433.12, the Nasdaq Composite Index rose by 48.87 points to 19,075.26, and the Chicago Nikkei 225 Futures decreased by 165 yen compared to Osaka during the day to 38,055 yen. The exchange rate was 1 dollar = 149.10-20 yen. In today's Tokyo market, Gunma Bank (8334) announced a change in its shareholder return policy, an upward revision of its Dividends forecast, and a 2.40% share buyback of issued Stocks.