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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    July 10, 2007

    Tokyo markets down on profit-taking

    Filed under: Companies, Sony, Canon, Kikkoman, JVC, Bull-Dog Sauce, Bic Camera

    Equities markets in Tokyo were lower on Tuesday, with the Nikkei 225 down 0.1 percent to 18,252.67 and the Topix 0.2 percent lower to 1,789.2.

    The declines were blamed on profit-taking in several sectors and on a stronger yen which, which hurt export-focused shares.

    The drops also came ahead of a meeting of the Bank of Japan, which will consider what to do with interest rates.

    In the electronics sector, Sony (TYO: 6758; NYSE: SNE) dropped 1.1 percent to ¥6,460, while JVC (TYO: 6792) was 7 percent lower to ¥359 on a lower earnings estimate from Nomura Securities (TYO: 8604; NYSE: NMR; SGX: N33).

    Copier and camera maker Canon (TYO: 7751; NSYE: CAJ) fell 1 percent to ¥7,120.

    Condiment makers were lower after a court decision ended a US hedge fund’s takeover bid for Bull-Dog Sauce (TYO: 2804), which dropped to ¥825.

    Soy sauce maker Kikkoman (TYO: 2801) dropped 3.9 percent to ¥1,645.

    Among gainers, electronics retailer Bic Camera (TYO: 3048) added 13.4 percent to ¥169,000 after it announced a 2-for-1 share split and upped the forecast for its yearly dividend.





    June 1, 2006

    Mapmaker adds 5.4 percent on new Tokyo parking rules

    Filed under: Companies, Toyota, Nissan, Mitsubishi UFJ, Kikkoman, Shobunsha

    The Nikkei 225 and the Topix index were both up slightly in Tokyo on Thursday, but the Tokyo Stock Exchange’s Mother’s index of small-cap companies dropped 3.9 percent to 1,317.80 on unsatisfactory earnings results and on corporate governance issues. The Nikkei added 0.2 percent to 15,503.74, mostly on export-focused stocks, while the Topix was up 0.3 percent to 1,584.56.

    The transport equipment sector added 0.9 percent as a whole. Automobile manufacturers Toyota and Nissan each advanced by 1.5 percent on the day, to ¥6,020 and ¥1,370 respectively.

    Kikkoman was up 7.2 percent to ¥1,528 after the Daiwa Institute of Research advanced the world’s largest maker of soy sauce to its highest rating, saying that it was in a period of growth due to domestic restructuring and foreign sales that are increasing.

    Map publisher Shobunsha added 5.4 percent to ¥1,528 on the strength of its new Tokyo parking guide, which will be published next week. The gains came on the day when new, more stringent parking rules were to be implemented in Tokyo.

    Meanwhile, the banking sector as a whole gained 1.1 percent, with Mitsubishi UFJ adding 1.3 percent on the day to ¥1,550,000.





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  • Tokyo Market News copyright 2005 Central Consultants