Earnings Call Summary | Seven & I Holdings (ADR)(SVNDY.US) Q1 2024 Earnings Conference

The following is a summary of the Seven & I Holdings Co., Ltd. (SVNDY) Q1 2024 Earnings Call Transcript:Financial Performance:Consolidated Q1 FY 2024 results reflected declines in both operating

moomoo AIJul 12 09:32 ET · Conference Call

Sell-off of stocks related to semiconductors is increasing for profit-taking.

The Nikkei average fell significantly for the first time in four days, closing at 41,190.68 yen, down by 1,033.34 yen with an estimated volume of 1.8 billion 30 million shares traded. Following the trend of profit-taking selling led by high-tech stocks in the US market, amid increasing expectations for early rate cuts, stocks with a large contribution to the index such as semiconductor related stocks were sold in the Tokyo market. The Nikkei average started at 41,668.86 yen and widened the decline to 41,188.29 yen in the mid-morning of the morning session. In addition, in the foreign exchange market, the yen has been appreciating.

Fisco JapanJul 12 03:14 ET

The Nikkei Average sharply fell, with selling pressure intensifying ahead of the 3-day holiday, resulting in the largest decline this year.

On the 11th, the US stock market was mixed. The Dow Inc rose 32.39 points (+0.08%) to 39,753.75, the Nasdaq fell 364.04 points (-1.95%) to 18,283.41, and the S&P 500 ended trading at 5,584.54, down 49.37 points (-0.88%). The June Consumer Price Index (CPI) serves as evidence of the slowdown in inflation, boosting expectations of a rate cut. Dow Inc moved steadily throughout the day supported by the recovery of real estate and other interest rate-sensitive trades such as A-REIT ETF and Index ETF.

Fisco JapanJul 12 02:30 ET

Nishimatsu Construction hits a new high [stocks that have hit a new high or low].

Samty Holdings <187A> and Nishimatsu Construction <1820> are among the 99 stocks that have reached a new record on the Tokyo Stock Exchange Prime. The new record lows on the exchange are Seven & I Holdings <3382> and SHIFT <3697>, among 7 others. The Tokyo Stock Exchange Prime, Standard, and Growth have reached new highs and lows on 07/12 with 99, 7, and 42 new highs and 6, 10, and 70 new lows respectively on 07/01.

Fisco JapanJul 12 02:06 ET

Active and newly listed stocks during the morning session.

* Sansan <4443> 2130 yen - Significant profit increase guidance has impact. * Bay Current Consulting <6532> 4323 +700 In the first quarter, good results that exceed the consensus. * Tamahome <1419> 4395 +530 Reconsideration buying with the plan for profit increase and dividend increase this term. * SHIFT <3697> 12595 +1340 Although the previous day there was a sharp decline due to earnings, small and medium-sized growth stocks bought on declines. * Aeon Mall <8905> 2078 +2

Fisco JapanJul 12 01:00 ET

Kintetsu Department Store --- Revision above 25/2, operating profit of 5.7 billion yen ← 5.3 billion yen.

The revision of financial estimates for the February 2025 term was announced. Revenue was revised upward from 115 billion yen to 116 billion yen, and operating profit was also revised upward from 5.3 billion yen to 5.7 billion yen. Performance for the first quarter was strong, particularly in tax-free sales of high-end Western products due to an increase in visitors to Japan from the weakening yen, leading to an expectation of exceeding the previous announcement for individual and consolidated revenue and various levels of profit for the full term.

Fisco JapanJul 11 23:09 ET