Strong, the increase in earnings reports of core stocks.
This week's outlook from November 11th to November 15th: Will the Tokyo Stock Exchange Growth Index remain robust? Will there be an increase in earnings reports from major stocks, leading to an overall positive trend? With an increase in earnings reports from major stocks, it is likely that trading volume in the growth market will also increase. Apart from earnings report stocks, short-term funds are expected to flow into volatile stocks like Fluttaflutta <2586> and Sapeet <269A>. Especially, Sapeet, a recent initial public offering (ipo) stock, has been experiencing intense price fluctuations, attracting short-term investment focus.
The Nikkei average rebounds, with attention focusing on earnings stocks after a round of selling and buying.
On the 7th, the US stock market was mixed. The Dow Jones Industrial Average closed at 43,729.34, down 0.59 dollars, while the Nasdaq closed at 19,269.46, up 285.99 points. Buying continued to be favorable following Trump's victory in the presidential election, as well as expectations of a rate cut at the Federal Open Market Committee (FOMC), leading to gains after the opening. The Federal Reserve Board (FRB) decided on the expected rate cut at the FOMC, resulting in a decline in long-term interest rates, pushing Nasdaq higher, reaching record highs daily.
Ajinomoto's stock price surged, driven by positive earnings revisions and the announcement of a share buyback.
Rapid rise. The company announced its interim financial results the previous day. Operating profit increased by 13.5% year-on-year to 86.9 billion yen, and the full-year plan has been revised upwards from the original 158 billion yen to 160 billion yen, an 8.3% increase from the previous year. It seems that the outlook for segments such as health care is being raised, reflecting the increase in revenue from electronic materials. In addition, they have also announced the implementation of a share buyback program with a maximum of 10 million shares, equivalent to 1.98% of the issued shares, and 40 billion yen. This marks the second share buyback program of the fiscal year.
Ajinomoto and others continue to rank in, announce upward revision of financial estimates, share buyback, and stock splits.
Ajinomoto <2802> is ranked (as of 1:32 pm). It surged. After the end of the previous trading day, it has revised upwards the financial estimates for the fiscal year ending March 2025. Operating profit is expected to be 160 billion yen (an increase of 8.3% compared to the previous period). It has raised it by about 1% from the previous estimate. In addition, it announced the implementation of a share buyback program with a limit of 1.98% of the issued shares, and that it will entrust the purchase of up to 0.69% in trading outside the self-stock trading session of the Tokyo Stock Exchange (ToSTNeT-3) on November 8. Furthermore, it set March 31, 2025 as the record date.
November 8th [Today's Investment Strategy]
[FISCO Selected Stocks] [Material Stocks] Furukawa Electric Co., Ltd. <5801> 4031 yen (11/7) The financial estimates for the fiscal year ending March 2025 have been revised upward. Operating profit is expected to be 38 billion yen (3.4 times higher than the previous period). It has been raised by about 52% from the previous estimate. The upward revision is due to improved productivity in the auto parts business, sales increase in data center-related products, domestic ultra high pressure and renewable energy-related businesses, and functional lines. The year-end dividend (= annual dividend) is set at 90 yen. The previous estimate was 60 yen, and the previous period was 6.
From the calm of the Trump trade to earnings hunting.
[Stock opening comment] On the 8th, the Japanese stock market started with buying, but gradually seems to be heading towards a stalemate. On the 7th, the US market saw the Dow Jones Industrial Average fall by 0.59 points, while the Nasdaq rose by 286 points. As expected at the Federal Reserve Board (FRB) Federal Open Market Committee (FOMC), a 0.25% rate cut was decided, Nasdaq continued to rise with the decline in long-term US interest rates, reaching record highs for several consecutive days. On the other hand, President Trump's victory in the US presidential election was well received the previous day.