Tokio Marine Holdings, Inc. (TKOMY) Q2 2024 Earnings Call Transcript Summary
Asia-Pacific Markets Trade Mixed, Investors Assess Japan Inflation and Singapore GDP Data
Express News | Reported Earlier, Au Jibun Bank Japan Services Purchasing Managers' Index Preliminary For November 50.2 Vs. 49.7 Prior
Express News | Reported Earlier, Japan National Core Consumer Price Index (YoY) For October 2.3% Vs. 2.2% Est.; 2.4% Prior
Japan's Headline Inflation Rate Slows to 2.3% in Oct, Core Inflation Also Drops to 2.3% Above Forecast
Dainippon Printing, Honda, etc. [List of stock information from newspapers]
*Dai Nippon Printing <7912> aims to mass produce glass substrates for AI by 2027-2028 (Nikkan Kogyo Front Page) - ○ *Amada <6113> Establishes STEM education hub in Kanagawa and Isehara (Nikkan Kogyo Page 3) - ○ *Nissan Motors <7201> 6% of US employees apply for early retirement (Nikkan Kogyo Page 3) - ○ *Daito Trust Construction <1878> Developing construction managers in Indonesia, planning to open specialized courses with local universities (Nikkan Kogyo Page 4) - ○ *Hitachi <6501> Hitachi Energy, receives series compensation system from Sweden State-owned
Reported Earlier, Mitsubishi Electric To Invest ¥10B In New Power Semiconductor Facility
Japan Exports Rise More Than Expected in October; Imports Also Unexpectedly Rise
Express News | Reported Earlier, Japan Exports (YoY) For October 3.1% Vs. 2.2% Est.; -1.7% Prior
Express News | Reported Earlier, Japan Adjusted Trade Balance -0.36T Vs. -0.15T Est.; -0.27T (Revised) Prior
The Nikkei Average fell, with Tokyo Electric pushing down about 23 yen per share as one stock.
As of the market close 20 days ago, the number of rising and falling stocks in the Nikkei Average constituents was 68 stocks up, 156 stocks down, and 1 stock unchanged. The Nikkei Average fell for the first time in 7 days. It finished the morning session down 69.18 yen at 32,870.00 yen (volume approximately 0.6 billion 58.53 million shares). The Nikkei Average fell again, finishing the morning session down 172.08 yen (-0.45%) at 38,242.35 yen (volume approximately 0.8 billion 30 million shares). On the 19th, the US stock market was mixed. Dow inc was down 120.
Tokio Marine Holdings and others continue to rank, with profits financial estimates excluding gains from policy stock sales revised downward.
Tokyo Marine <8766> is ranked (as of 10:32 AM). It has significantly dropped. The company announced its first half results the previous day, with a net profit of 688.5 billion yen, which is 3.4 times compared to the same period last year. The full-year financial estimates were revised upward from the previous 870 billion yen to 880 billion yen, an increase of 26.5% year-on-year. However, when excluding gains from the sale of policy stocks, the profit will be 528 billion yen, which is a reduction of 82 billion yen from the initial estimate, appearing to be seen as a selling factor. The announcement of the share buyback also lacks surprises.
Rating [security companies rating]
Upgraded - bullish code stock name brokerage firm previous change after ----------------------------------------------------------------- <7839> SHOEISMBC Nikko "2" "1" <4208> UBE Daiwa "3" "2" <4004> Resonac HD Iwai Cosmo "B+" "A" <4886> Asuka Pharmaceutical HD Toyo "Hold" "Buy" <4967> Kobayashi Pharmaceutical Jefferies "Under P" "
November 20 [Today's Investment Strategy]
[Fisco Selected Stocks] 【Material Stocks】 Morito <9837> 1,444 yen (11/19) engages in apparel materials such as hooks and automotive interior components. It announced a year-end dividend of 34 yen for the fiscal year ending November 2024. The previous financial estimate was 29 yen, and the year-end dividend for the previous year was 28 yen. Additionally, shareholders who hold more than 100 shares at the year-end will receive a commemorative gift (a 500 yen Quo card) for the 35th anniversary of listing. At the same time, all shares of Ms.ID, which manufactures, imports, and sells fashion accessories, will be acquired, making it a subsidiary.
Kawasaki Kisen Kaisha, Asahi Kasei, etc. [List of stock information from the newspaper]
Kawasaki Heavy Industries, Ltd. <7012> will enter the civil aircraft engine MRO in the fiscal year 2026, and will enhance the structure of its two factories in Hyogo (Nikkan Kogyo front page) - ○ Subaru Corp Unsponsored ADR <7270> adopts On Semiconductor's image sensor for "EyeSight" (Nikkan Kogyo page 3) - ○ Sumitomo Metal Mining Co., Ltd. <5713> nickel-based cathode material plant for automotive use to start operation in January next year (Nikkan Kogyo page 3) - ○ Asics Corporation <7936> upwardly revises its three-year mid-term plan, raising its operating income to over 130 billion yen (Nikkan Kogyo page 3) - ○ Canadivya <7004>
Attention is focused on SOMPO and Morito, while Max and Higashitech are showing weakness.
In the U.S. stock market on the 19th, the dow jones industrial average closed at 43,268.94, down 120.66 points, while the nasdaq composite index closed 195.66 points higher at 18,987.47. The Chicago Nikkei 225 futures were down 145 yen at 38,275 yen compared to the Osaka day session. The exchange rate was 1 dollar = 154.60-70 yen. In today's Tokyo market, SOMPO<8630> announced an upward revision of the performance and dividend estimates for the fiscal year ending in March 2025, as well as a share buyback of up to 7.44% of the issued shares. They also announced an upward revision of the dividend estimate for the fiscal year ending in November 2024.
List of converted stocks (Part 2) [List of converted stocks for Parabolic Signal]
○List of stocks for sale conversion Market Code Stock Name Closing Price SAR Tokyo Main Board <1814> Oomatsu Construction 1684 1799 <1982> Hibiya Setting 3660 3945 <2124> JACR 706747 <2587> Suntory BF 5001 5349 <2791> Daikokuten 10400 10890 <2809> QP 3522 3676 <2918> Warabe Nichiyoh 2012 2074 <3183> Win P
List of Cloud Breakout Stocks [Ichimoku Balance Table, List of Cloud Breakout Stocks]
○ List of stocks breaking through the clouds in the market Code Stock Name Closing Price Leading Span A Leading Span B Tokyo main board <1433> Bestera 948 947 871.5 <1820> Nishimatsu Construction 5150 5123468.5 <1860> Toda Corporation 1003959.7 5994.5 <1871> PS 10491034.7 5956 <1884> Nihon Doro 1696 1684.7 51597.5
Announcement of share buyback by SOMPOHD etc on November 19.
The stocks that announced the establishment of a self-share acquisition framework on November 19 (Tuesday) are as follows: <8630> SOMPO HD 72 million shares (7.4%) 155 billion yen (November 27, 24 - May 19, 25) <8766> Tokio Marine & Nichido Fire Insurance Co. 75 million shares (3.8%) 120 billion yen (November 20, 24 - May 15, 25) <8725> MS&AD Insurance Group Holdings Inc. 30 million shares (2.0%) 60 billion yen (November 20, 24 - March 24, 25) <6454> Max 0.6 million shares (1.3%) 2.4 billion yen (25/
SOMPO, upward revision on March 25, ordinary profits of 550 billion yen, revised from 320 billion yen, increased dividends, share buyback.
SOMPO <8630> announced a revision to its fiscal 2025 performance forecast. Operating profit was upwardly revised from 320 billion yen to 550 billion yen. This was due to the strong performance of policy stock reduction at Sompo Japan and the sale of part of the shareholding investment securities, resulting in an expected increase in gains from the sale of securities compared to the previous forecast. In addition, the year-end dividend forecast at the beginning of the year was expected to be 56 yen per share, but considering the outlook for future performance trends, the year-end dividend forecast.