Tokyo Market News: investment market news from the Nikkei and Topix indices
Tokyo Market News: investment market news from the Nikkei and Topix indices

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    October 5, 2007

    Casio drops on decline in income

    Filed under: Companies, Matsushita Electric Industrial, Inpex, Aiful, AOC, Aeon, Acom, Promise, Mitsui & Company, Casio Computer

    Tokyo’s markets were mixed on Friday’s session.

    The Nikkei 225 dropped 0.16 percent to 17,065.04, but the Topix index added 0.08 percent to 1,656.91 while the Mothers market gained 3.98 percent to 848.78.

    Decliners on the session included Casio Computer (TYO: 6952), which makes a diverse range of devices including watches and mobile phones.

    Casio dropped 19 percent, its daily maximum, to ¥1,272 after it reported that net income in its fiscal first half dropped by 58 percent, spurring broker downgrades.

    Elsewhere in the electronics sector, Matsushita Electric Industrial (TYO: 6572; NYSE: MC) fell 3.3 percent to ¥2,080.

    Traders and the oil sector gained on higher oil prices.

    Trader Mitsui & Co. (TYO: 8031) was 0.7 percent higher to ¥2,800.

    In the oil sector, Inpex (TYO: 1605) gained 2.5 percent to ¥1.21 million, while AOC Holdings (TYO: 5017) added 2.6 percent to ¥1,769.

    Retailer Aeon (TYO: 8267) was 3 percent higher to ¥1,672 on a report that its net income in its fiscal first half added 2.8 percent and as it announced a higher dividend for the full year and a stock buyback worth up to ¥70 billion.

    There were also gains in the consumer finance sector.

    Promise (TYO: 8574) was up 4.6 percent to ¥2,960 on reports that it will post a higher net income in the current fiscal year than had been estimated.

    Acom (TYO: 8572; OTC: ACMU) added 5.2 percent to ¥2,840, while Aiful (TYO: 8515) jumped 17 percent to ¥2,115.





    August 2, 2007

    Real estate sector sees gains

    Filed under: Companies, Mizuho, Mitsui Fudosan, Tokyu Land, Astellas Pharma, Mitsubishi Estate, Fast Retailing, Resona, Chugai Pharmaceutical, Pioneer, Casio Computer, Daiwa House Industry

    In Tokyo on Thursday the Nikkei 225 was 0.67 percent higher to 16,984.11 and the Topix index gained 0.03 percent to 1,669.33, but the Mothers market fell 0.21 percent to 830.18.

    Gains were helped by a new report from Japan’s National Tax Agency which showed that land prices in the country were 8.6 percent higher last year, with a gain of 17 percent in Tokyo.

    The report sent the real estate sector higher. Mitsui Fudosan (TYO: 8801; NAS: MDSFF) added 4.2 percent to ¥3,230, while Mitsubishi Estate (TYO: 8802) gained 6.3 percent to ¥3,200 and Tokyu Land (TYO: 8815) was up 7.9 percent to ¥1,208.

    In addition, homebuilder Daiwa House Industry Co (TYO: 1925) was 4 percent higher to ¥1,570.

    The retail sector also saw gains, with Fast Retailing (TYO: 9983) adding 4.8 percent to ¥6,820 on a successful bid for the Barneys New York chain of department stores, owned by Jones Apparel Group (NYSE: JNY).

    Drug maker Chugai Pharmaceutical (TYO: 4519) gained 2.7 percent to ¥2,075 on an increased full-year projecting, while Astellas Pharma (TYO: 4503) was 3.1 percent higher to ¥5,050 on a fiscal first quarter net income gain of 52 percent.

    In the electronics sector Pioneer (TYO: 6773) dropped 4.5 percent to ¥1,546 on a decline of 40 percent in sales of plasma televisions in the quarter, while Casio (TYO: 6952) fell 4.6 percent to ¥1,699 after it said quarterly operating profit was down 78 percent in the most recent quarter on poor sales of mobile phones.

    Banks also saw declines, with Resona (TYO: 8308) down 3.3 percent to ¥238,000 and Mizuho (TYO: 8411) dropping 4.7 percent to ¥730,000.





    June 22, 2006

    Nikkei, Topix up on electronics sectors

    Filed under: Companies, Sony, Canon, Sanyo, Tokyo Electron, Kyocera, Mitsui Mining, Daiwa Securities, Nomura, Nikko Cordial, Sharp, Sumitomo Metal Industries, Casio Computer, Mitsubishi UFJ Securities

    The Tokyo equities markets were significantly higher on Thursday after new data showed that exports were up substantially in May. The Nikkei 225 added 3.4 percent to 15,135.69, while the Topix index was up 2.9 percent to 1,549.12. The gains came even though some are calling for the resignation of the governor of the Bank of Japan after he invested in a fund created by shareholder activist Yoshiaki Murakami, who was recently put under arrest.

    Shares in companies dependent on commodities were up, with Mitsui Mining and Smelting adding 5.8 percent to ¥675 and Sumitomo Metal Mining rising by 6.3 percent to ¥1,352.

    Electronics-related companies were up substantially as well. Both printer and camera maker Canon and consumer electronics and entertainment giant Sony added 3.6 percent on the day, to ¥8,000 and ¥4,940 respectively. Sharp gained 4.5 percent to ¥1,767, while Sanyo Electric was up 4.6 percent to ¥251 and Kyocera rose by the same percentage to ¥8,940. Tokyo Electron advanced by 5.9 percent to ¥7,760. Casio Computer added 7.2 percent to ¥2,030.

    The securities sector, meanwhile, was up by 4.8 percent as a whole. Nomura gained 4.7 percent to ¥2,135, while Mitsubishi UFJ Securities was up 5 percent to ¥1,459. Daiwa Securities was up 5.1 percent to ¥1,459. Nikko Cordial advanced by 5.9 percent to ¥1,543.





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