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The Nikkei Average fell for the third consecutive day, with volatile movements focused on short-term funds.
On the 7th, the US stock market fell. The Dow Jones Industrial Average closed at 38,763.45, down 234.21 (-0.60%), the NASDAQ closed at 16,195.80, down 171.05 (-1.05%), and the S&P 500 closed at 5,199.50, down 40.53 (-0.77%). With the easing of concerns about economic slowdown, buying continued to rise after the opening. After the buyback, the selling pressure was rekindled due to persistent uncertainty about the economy, which suppressed the upside. Towards the end, there was a 10-year bond auction.
Active and newly listed stocks during the morning session.
*Fuji Soft <9749> 8890.K - KKR is expected to conduct a tender offer bid for the company's shares leading to privatization. *Migaro HD <5535> 1365 +300 announced an upward revision of its interim dividend forecast. *Laser Tech <6920> 27170 +5000 both revenue and orders exceeded market expectations in the fourth quarter. *Nippatsu <5991> 1595 +209 updated its performance and dividend forecasts with a significant increase in profits in the first quarter. *Mitsuba <7280> 929 +97 with a significant increase in profits in the first quarter.
Investment strategy for August 8th [Today].
[Fisco featured stocks] [Materials stocks] Nippon Steel <5991> 1386 yen (8/7) deals with automobile springs, seats, precision components, etc. The company raised its financial estimates for the 25th fiscal year. Operating profit is expected to be 48 billion yen (an increase of 38.5% compared to the previous period). It was raised by 20% from the previous estimate. The DDS business, which manufactures suspensions inside hard disk drives, is robust, and profits have grown due to the effect of a weaker yen. The annual dividend is 63 yen. The previous estimate was 57 yen, and the annual dividend for the previous period was 4.
Expecting a great performance from Laser Tech
[Stock Market Opening Comments] On the 8th, the Japanese stock market seems to be heading towards a stance of aiming for dips, while assessing the strength of the downside after a round of selling. On the 7th, the US market saw the Dow Jones Industrial Average drop 234 points and the NASDAQ drop 171 points. The movement of buybacks following the relaxation of concerns of economic downturn, took the lead, but then turned to a decline as long-term US interest rates rose due to the weak results of the 10-year bond auction. The settlement price for Chicago Nikkei 225 futures was 34,370 yen, down 700 yen from the Osaka market. The exchange rate of the yen is 1 dollar to 14.
Shiseido company and Okumura Construction may be sluggish, while Laser Tech and Mitsubishi MA are attracting attention.
On the US stock market on the 7th, the NY Dow closed at 38,763.45, down 234.21 dollars, while the NASDAQ composite index closed at 16,195.80, down 171.05 points. The Chicago Nikkei 225 futures closed at 34,370 yen, down 700 yen from the Osaka close. The exchange rate was 1 dollar = 146.60-70 yen. In today's Tokyo market, Laser-Tech <6920> announced a 30.6% increase in operating profit for the previous period and a 27.8% increase for the current period, while Nippon Paper <3863> reported a 5.0-fold increase in operating profit for the first quarter compared to the same period last year.
Honda's operating profit in Q1 increased by 22.9%, reaching 484.7 billion yen.
Honda (7267) announced its first quarter results for the fiscal year ending in March 2025, with sales revenue of 5 trillion 404.858 billion yen, a year-on-year increase of 16.9%, and operating profit of 484.705 billion yen, a year-on-year increase of 22.9%. This exceeded the consensus (around 473 billion yen). The global number of passenger carried increased mainly in India and Brazil in the motorcycle business. The strong sales of hybrid models also continued in the four-wheel business. [Positive evaluation] 5858 STG, 79.