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"Noboru Yamamoto's Premium Report": J Engine (6016)
<The impact of special ship demand on performance has changed significantly> This week, attention should be focused on Japan Engine Corporation (= J Engine, 6016) as a company related to shipbuilding and defense. It is a major manufacturer of large diesel engines for ships, formerly known as Kobe Diesel. The company changed its name after merging with Mitsubishi Heavy Industries <7011.T> shipbuilding engine business in 2017. Due to the sharp rise in shipping rates caused by the COVID-19 pandemic, a shipbuilding boom is currently underway, along with demands for increased defense spending from the Trump administration (during the first Trump administration for G.
The Nikkei average rose by 25 yen, a slight rebound, with over 70% of Main Board stocks rising = afternoon of the 12th.
On the 12th, the Nikkei average index in the afternoon session rose slightly by 25.98 yen from the previous day, closing at 36,819.09 yen. The TOPIX (Tokyo Stock Price Index) increased by 24.19 points to finish at 2,694.91 points, rising for the first time in four days. Although the Nikkei average started lower in the morning, buying interest strengthened afterward, peaking at 36,956.33 yen with a gain of 163.22 yen at 9:25 AM. The rise in U.S. stock market index Futures during Extended hours trading also provided support.
Nikkei Average rises by 105 yen, with a retreat of excessive risk aversion leading to a sense of value = 12 days before the market opens.
Twelve days ago, the Nikkei average stock price rebounded to 36,898.83 yen, up 105.72 yen from the previous day. The TOPIX (Tokyo Stock Exchange Index) rose by 25.14 points to 2,695.86 points, marking its first increase in four days. Although the Nikkei average started softly in the negative zone, buy interest strengthened thereafter, with a notable rise as it reached 36,956.33 yen at 9:25 AM, up 163.22 yen. Early in the morning, sales followed the drop in US stocks on the 11th.
Mirait One, RIKEN Keiki, ETC.
*Mirait One <1417> collaborates with Sumitomo Mitsui Finance & Lease for the preliminary development of solar power at 0.07 million kW (Nikkan Kogyo, front page) - ○ *Riken Keiki <7734> inspects gas detectors in disaster areas and manufactures maintenance vehicles (Nikkan Kogyo, front page) - ○ *MOL <9104> acquires a Dutch company, establishing a land base for Chemical ships (Nikkan Kogyo, page 3) - ○ *Toyota Motor <7203> suspends operations at 3 factories and 4 lines until this morning due to an explosion incident at Central Spring (Nikkan Kogyo, page 3) - ○ *Mitsui & Co. <8031> a major trading company, iron ore.
Mitsui O.S.K. to Buy LBC Tank Terminals for Chemical Logistics Expansion
The Nikkei average is up about 30 yen, initially buying, but has turned downward, fluctuating around the previous week's closing price = the morning of the 10th.
At around 10:14 AM on the 10th, the Nikkei Stock Average is fluctuating around 36,920 yen, which is about 30 yen higher than the previous weekend. Immediately after the opening at 9:00 AM, it reached 37,013.34 yen, an increase of 126.17 yen. The US stocks on the 7th, influenced by Federal Reserve Chairman Powell's comments indicating "uncertainty is increasing, but the US economy remains strong," rebounded. Japanese stocks also reacted to this trend, with buying leading. However, selling to wait for a rebound is on the rise.