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Stocks - Tomorrow's Market Factors: Honda to Record Impairment Loss on Overseas EV Business
◆Honda <7267> has also recorded impairment losses in its overseas EV business and revised downward its profit forecast for the fiscal year ending March 2026, with expectations of a net loss. [/20260312EEE0026] ◆SBI Alhi <7198> implements shareholder benefits, offering cryptocurrency to shareholders holding 100 shares or more. ◆EIZO <6737> lowers targets in its mid-term plan as prolonged sluggishness in Europe continues. ◆World <3612> revises downward its earnings forecast for the fiscal year ending February 2026. ◆Tsuruha HD <3391> reports a 4.0% increase in same-store sales for February. ◆GENDA <9166> (Fiscal Year Ending January 2027)
Japan Display Scraps AutoTech Spinoff to Keep Automotive Displays In-House
Japan Display: Amended Interim Report
JDI shares surged over 100% following reports that the government had approached the company about operating a U.S. plant, continuing to attract buying interest.
JDI (6740) temporarily surged to its daily limit, recovering to the 100-yen level and reaching a triple-digit stock price for the first time since 2018. Following an article in the Nikkei on the 8th reporting that 'the government has approached JDI about potentially operating an advanced display factory in the U.S.,' the company's shares have risen for three consecutive sessions since the start of the week. According to a domestic brokerage firm, 'The low share price makes it easy to trade, and buying momentum continues amid a volatile market.' The article states that the factory operation is part of a new proposal for investment and financing in the U.S., with an expected project size of $13 billion (approximately 2 trillion yen).
Stocks hitting upper or lower price limits in the morning session.
■Upper Limit: Quantum Solutions <6666>, River Eletec <6740>, Japan Display. ■Lower Limit: Temporarily includes upper and lower limit indications.
Afternoon session [Stocks that moved and stocks that were traded]
Asahi (2502) reported an 18.0% decrease in operating profit for the first three quarters, with the rate of decline widening from 11.4% in the first half. Max Co., Ltd. (6454) revised its earnings and dividend forecast upward for the fiscal year ending March 2026. Nippon Denshiki (9908) also revised its earnings and dividend forecast upward for the same period. San'in Godo Bank (8381) announced upward revisions to both its earnings and dividend forecast as well as the final-year targets of its mid-term management plan for the fiscal year ending March 2026.
