After a three-day rise, it has fallen back and briefly dropped below 39,000 yen.
The Nikkei average fell for the first time in three days, closing down 105.79 yen at 39,164.61 yen (Volume estimated at 1.8 billion 60 million shares). It started to drop due to caution over Trump tariffs. As support at the 25-day moving average held, buying on dips expanded, and in the middle of the morning session, it rose to 39,298.05 yen. However, with the speech from BoJ's Takada creating early expectations for additional rate hikes, it fell below the key level of 39,000 yen, ending the morning session at 38,994.70 yen. After that, material cues are awaited.
FerroTech - Basic policy decision for the transition to a business company through the merger with a subsidiary.
FerroTech Holdings <6890> announced on the 13th that it has decided to merge with its subsidiary, FerroTech Material Technologies, with the aim of transitioning from a pure holding company to an operating company. This merger aims to concentrate and streamline management resources, with the goal of enhancing the group's enterprise value in the medium to long term. The method of merger will be an absorption merger, with FerroTech Holdings as the surviving company and FerroTech Material Technologies as the dissolved company, effective in 2025.
Ferro Tech --- Change of trade name and partial amendments to the Articles of Incorporation.
FerroTec Holdings <6890> announced on the 13th that it will change its company name to "FerroTec Corporation," and in conjunction with this, a partial amendment to its articles of incorporation will be made. This change in company name is due to the merger with its subsidiary, FerroTec Material Technologies, transitioning from a pure holding company to an operating company. The effective date for the company name change and amendment to the articles is scheduled for July 1, 2025. Furthermore, these changes are subject to approval at the regular shareholders' meeting scheduled for June 2025.
Japan paper, NRI, ETC (additional) Rating
Upgraded - Bullish Code Stock Name Brokerage Firm Previous Change After --------------------------------------------------------- <3861> Oji Holdings Nomura "Neutral" "Buy" Downgraded - Bearish Code Stock Name Brokerage Firm Previous Change After --------------------------------------------------------- <4477> BASE Daiwa "2" "3"
February 19 [Today's Investment Strategy]
[Fisco Selected Stocks] 【Material Stocks】 Fusoh Chemical Industry <4368> 3500 yen (2/18) engages in ultra-high purity colloidal silica used in Food Additives such as malic acid and polishing materials for Semiconductor wafers. The performance Financial Estimates for the fiscal year ending March 2025 have been revised upward. The operating profit is expected to be 160 yen (an increase of 44.3% compared to the previous term). This is an increase of about 18% from the previous estimate. Sales for the Semiconductor market are strong. The effects of the weak yen are also contributing. The year-end Dividends are set at 38 yen. The previous estimate was 35 yen, and the year-end of the previous term.
Komatsu, Kyocera Corporation Sponsored ADR ETC [List of stock materials from the newspaper]
*Komatsu Corporation <6301> has developed a hydrogen engine for large dump trucks used in mining, leading in decarbonization technology (Nikkan Kogyo, Front Page) - ○ *Canada Beer <7004> has received an order for a waste disposal facility in Saitama, operating and maintaining for 20 years (Nikkan Kogyo, Page 8) - ○ *Enshu <6218> is reviewing its mid-term plan due to the Machinery sector Stunk, with downward revisions of targets (Nikkan Kogyo, Page 8) - ○ *Kyocera Corporation Sponsored ADR <6971> is developing a 5G virtualized base station with enhanced performance through AI (Nikkan Kogyo, Page 10) - ○ *Mitsubishi Electric Corp. Unsponsored ADR <6503> is remotely monitoring power distribution equipment, utilizing Sensor data.