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Public Holiday in Japan - Culture Day Monday, 4 Nov 2024 Japan Market closed, no trading for Cash Equity Market on Tokyo Stock Exchange (TSE)

NEC Corporation has announced its plans to acquire NEC Networks & System Integration Corporation (NESIC, ticker: 1973) listed on the Prime Market section of the Tokyo Stock Exchange. This is to create greater business synergy within the group. NESIC was established in November 1953 as Nippon Electric Installation Company, a spin-off from the sales division of NEC, with the aim of carrying out the design, construction and maintenance of telecommunications equipment. Subsequently, NESIC changed its corporate name to NEC System Integration & Construction, Ltd. in December 1980, and to its current corporate name, NEC Networks & System Integration Corporation, in October 2005. NESIC will be delisted and taken private after the acquisition.  

The Bank of Japan has decided to keep the key interest rate unchanged at 0.25% at the end of its two day monetary policy meeting from Oct 30 to 31. BOJ governor Kazuo Ueda believes that new risk for Japan's economy may emerge under the policies of a new US president after 5 Nov's US presidential election and will continue to monitor the outcome for the time being.  

Nikkei225 Summary Thu 31 Oct 2024 - Japan’s Nikkei drops 0.50% due to a technical retracement after 3 days of gains. The BOJ has decided to keep interest rates unchanged at 0.25% in view of policy uncertainties under a new US president after 5 Nov. Nikkei225  39,081.25 (-196.14 -0.50%) 109 up 111 down 5 flat Topix  2,695.51 (-8.21 -0.30%) REIT    1,682.36 (-5.52 -0.33%) JGB 10YR  0.941% (-0.0114)             USD/JPY  151.99 (-1.44 -0.94%) Crude Oil  70.39 (+1.78 +2.59%)      Top Performers Mitsubishi Motors Corp.     ¥460.00 (+39.10 +9.29%) - automotive Tokyo Gas Co. Ltd.     ¥3,769.00 (+237.00 +6.71%) - utility DeNA Co. Ltd.     ¥1,886.00 (+117.50 +6.64%) - games & ecommerce Bottom Performers M3 Inc.     ¥1,585.50 (-248.00 -13.53%) - online medical services Kyocera Corp.   ...

 

 

 

Revenues and profits increased in Three Sectors. DSS (Digital Systems & Services) benefited from the tailwind of DX/modernization in the Japanese IT market, while GEM performed well with renewal demand for power grid facilities, in addition to renewable energy, and data center-related solutions *The decrease in Consolidated Net Income was mainly due to the divestment of Hitachi Astemo (*) [ ]: Estimated YoY changes excl. FX impact Three Sectors was revised upward by 150.0 bn yen in Revenues and 19.5 bn yen in Adj. EBITA DX/GX demand and new opportunities drive revenues and profits growth Core FCF is expected to exceed the target of the Mid-term Management Plan 2024 by 0.3 tn yen, reaching 1.5 tn yen in three-year cumulative total Acquire new business opportunities • In addition to its existing collaboration with Japanese data center operators, Hitachi has expanded the partnership with Singapore's Singtel, a leading communications technology group in Asia, in building out next-g...

Nikkei225 Summary Wed 30 Oct 2024 - Japan’s Nikkei gains another 373 points, led by chip stocks Disco and Advantest, mirroring Nasdaq's record close overnight. Google-parent Alphabet's earnings beat estimates, driven by growing demand for its cloud services, inspiring a surge in tech shares on the Nikkei today. Overall gains were broad-based on heavy volume today. Nikkei225  39,277.39 (+373.71 +0.96%) 162 up 59 down 4 flat Topix  2,703.72 (+21.70 +0.81%) REIT   1,687.88 (-6.59 -0.39%) JGB 10YR  0.953% (-0.0239)            USD/JPY  153.20 (-0.17 -0.11%) Crude Oil  68.93 (+1.72 +2.56%) Top Performers Disco Corp.     ¥45,320.00 (+4,570.00 +11.21%) - semicon Tokyo Gas Co. Ltd.     ¥3,532.00 (+283.00 +8.71%) - utility Advantest Corp.     ¥8,595.00 (+285.00 +3.43%) - semicon Bottom Performers Sumitomo Pharma Co. Ltd.     ¥537.00 (...

 

 

 

Company Profile Company Name: Terra Drone Corporation Scheduled Listing Date: Fri Nov. 29, 2024 Market Section: Growth Market Representative: TOKUSHIGE Toru, Representative Director Address of Main Office 2-12-19 Shibuya, Shibuya-ku Tokyo, 150-0002 Tel. +81-3-6419-7193 Home Page: https://terra-drone.net Date of Incorporation: Feb. 9, 2016 Description of Business: Development of hardware and software of drones for surveying, inspection, agriculture, and providing of related services; development and providing systems for managing the safe and efficient operation of drones and flying cars (UTM) Category of Industry: Precision Instruments Ticker: 278A    

Nikkei225 Summary Tue 29 Oct 2024 - Japan’s Nikkei climbs 298 points as it continues to stage a broad-based recovery from last week's election selloff. Nikkei225  38,903.68 (+298.15 +0.77%) 181 up 44 down 0 flat Topix  2,682.02 (+24.24 +0.91%) REIT  1,694.47 (+0.89 +0.05%)   JGB 10YR  0.977% (+0.0021)           USD/JPY  153.32 (+0.04 +0.02%)      Crude Oil  67.07 (-0.31 -0.46%) Top Performers M3 Inc.     ¥1,815.50 (+110.50 +6.48%) - online medical services Furukawa Electric Co. Ltd.     ¥3,718.00 (+217.00 +6.20%) - industrial electronics IHI Corp.     ¥8,095.00 (+415.00 +5.40%) - industrial systems Bottom Performers Toto Ltd.     ¥4,303.00 (-621.00 -12.61%) - kitchen equipment & building materials Tokuyama Corp.     ¥2,630.00 (-100.50 -3.68%) - chemicals Chugai Pharmaceutical Co. Ltd....

 

 

 

Q3 FY 2024 Review by Canon ◼ In the markets which we compete, weak demand in China and Europe, but solid demand overall ◼ Sales of cameras, network cameras and laser printers, which recovered in second quarter, continued to grow steadily in third quarter ◼ Steady growth in commercial printing equipment sales where medium-to long-term market growth is expected ◼ Third-quarter sales up 5.3% from last year and at record high level, also achieved record high in YTD sales ◼ Operating profit up nearly 20%, operating profit ratio one point above last year As for the global economy, although the European economy remains weak and the Chinese economy continues to slow down due to the real estate crisis, overall growth was stable, driven by the solid U.S. economy. In our markets, we saw the same weak demand in Europe and China, but overall demand remained solid. Our sales of cameras, network cameras, and laser printers, which recovered in the second quarter following the completion of inventory a...

28 Oct 2024 - Olympus Corporation (“Olympus”) announces that Mr. Stefan Kaufmann, Director, Representative Executive Officer, President and CEO of Olympus has resigned from his positions as Director, Representative Executive Officer, President, and CEO, Executive Officer and Member of the Nominating Committee on October 28 as below. 1. Name and title of the resigned representative executive officer Stefan Kaufmann, Director, Representative Executive Officer, President and CEO 2. Reason for the change Upon receiving an allegation that Mr. Stefan Kaufmann had purchased illegal drugs, Olympus, in consultation with outside legal counsel, immediately investigated the facts, made a report to the investigative authorities, and cooperated fully with their investigation. Based on the results of the investigation, the Board of Directors unanimously determined that Mr. Stefan Kaufmann likely engaged in behaviors that were inconsistent with our Global Code of Conduct, Our Core Values, and our corp...

Nikkei225 Summary Mon 28 Oct 2024 - Japan’s Nikkei closes the day strongly, up 691 points led by the tech sector as the election draws to a close. The ruling LDP lost its lower house majority in parliament, winning 191 seats, with coalition partner Komeito securing 24 seats. Together they control 215 seats, not enough for a 233 seat majority. PM Ishiba has expressed his intention to stay on to lead the LDP to prevent a political vacuum from forming. He will likely seek a new alliance with the DPFP (28 seats) or the JIP (38 seats) to make the majority required to stay on as PM. The special diet session to select the new PM will convene on 11 Nov. Investors believes that the political uncertainty may slow interest rate hikes by the Bank of Japan and bring about more stimulus spending by the humbled LDP. Nikkei225  38,605.53 (+691.61 +1.82%)  197 up 27 down 1 flat Topix  2,657.78 (+39.46 +1.51%) REIT  1,693.58 (+8.97 +0.53%) JGB 10YR  0.975 (+0.0227)  ...

 

 

 

SoftBank Corp. (TOKYO: 9434, President & CEO: Junichi Miyakawa, “SoftBank”) today announced that its “Sunglider” — a large-scale solar-powered uncrewed aircraft system (“UAS”) designed for High Altitude Platform Station (HAPS) stratospheric telecommunications — was utilized in a field trial conducted by AeroVironment Inc. (NASDAQ: AVAV, “AeroVironment”) and the US Department of Defense (“DoD”) in New Mexico, USA, in early August 2024. During the trial Sunglider succeeded in achieving stratospheric flight. Sunglider is a large-scale UAS for HAPS. It is larger than other publicly announced HAPS UAS*, with a wingspan of 78m and the capability to carry payloads weighing up to 75kg. That means its ability to deliver stable, high-speed and robust high-capacity mobile connectivity is a key feature. The Sunglider aircraft used in this stratospheric field trial was an improved version that incorporated structural and functional enhancements to enable better performance than the previous one...

TOYOTA GAZOO Racing (TGR) and MoneyGram Haas F1 Team announced today that they have concluded a basic agreement on entering a technical partnership concerning MoneyGram Haas F1 Team vehicle development and collaborative efforts. Through this partnership, the two sides aim to contribute to the development of the automotive industry by creating an environment in which young Japanese drivers, engineers, and mechanics can gain experience and grow in the FIA Formula One World Championship (F1), the pinnacle of motorsports. From left: MoneyGram Haas F1 Team Team Principal Ayao Komatsu, Toyota Motor Corporation Chairman Akio Toyoda, and GAZOO Racing Company President Tomoya Takahashi TGR continues to compete in motorsports to hone the three essential elements of car manufacturing: people, pipeline * , and product. In the "driver-first" carmaking strongly advocated by Toyota Motor Corporation Chairman Akio Toyoda, aka Morizo, cars are repeatedly broken and fixed...

Nikkei225 Summary Fri 25 Oct 2024 - Japan’s Nikkei slides 229 points on lingering uncertainty over this Sunday's snap election after failing to stage a technical rebound from yesterday's positive close. Falling victim to the bearish sentiment today, private equity backed X-ray tool maker Rigaku, sinks 10% on its market debut to close at 1,130 yen. The IPO was priced at 1,260 yen, raising about 860 million for the Carlyle Group on its market debut. The sell off was broad-based, affecting pharma, shipping and ecommerce sectors the most. Nikkei225  37,913.92 (-229.37 -0.60%) 48 up 176 down 1 flat Topix  2,618.32 (-17.25 -0.65%) REIT  1,684.61 (+4.50 +0.27%) JGB 10YR  0.952% (-0.0060)     USD/JPY  152.24 (+0.40 +0.27%) Crude Oil  71.62 (+1.43 +2.04%) Top Performers Konica Minolta Inc.     ¥602.10 (+40.90 +7.29%) - printing products Nidec Corp.     ¥3,123.00 (+138.50 +4.64%) - industrial electronics Sumco Co...

 

 

 

Company Profile Company Name: Garden Co.,Ltd. Scheduled Listing Date: Fri Nov. 22, 2024 Market Section: Standard Market Representative: KAWASHIMA Satoshi, President Address of Main Office 2-8-8 Shinjuku, Shinjuku-ku Tokyo, 160-0022 Tel. +81-3-5361-8003 Home Page: https://gardengroup.co.jp/ Date of Incorporation: Dec. 1, 2015  Description of Business: Restaurant operations, including brands such as Ichikakuya and Yamashita Honki Udon, utilizing M&A strategies to expand the company's portfolio Category of Industry: Retail Ticker: 274A

Nikkei225 Summary Thu 24 Oct 2024 - Japan’s Nikkei attempts to rebound from 3 days of losses with 0.10% gain at the closing bell after opening with losses in the morning. Nikkei225  38,143.29 (+38.43 +0.10%) 73 up 148 down 4 flat Topix  2,635.57 (-1.39 -0.05%) REIT  1,680.11 (-15.03 -0.88%) JGB 10YR  0.958 (-0.0209)      USD/JPY  151.80 (-0.04 -0.03%) Crude Oil  70.41 (+0.22 +0.31%) Top Performers Konica Minolta Inc.     ¥561.20 (+27.90 +5.23%) - printing products Nidec Corp.     ¥2,984.50 (+142.00 +5.00%) - industrial electronics Kanadevia Corp.     ¥1,024.00 (+35.00 +3.54%) - industrial systems Bottom Performers Kansai Electric Power Co. Inc.     ¥2,492.00 (-85.00 -3.30%) - utility Nikon Corp.     ¥1,776.00 (-39.00 -2.15%) - imaging products Mercari Inc.     ¥2,120.00 (-46.00 -2.12%) - online retail

 

 

 

TOKYO, Oct. 24, 2024 - All Nippon Airways (ANA), Japan's largest 5-Star airline for 11 consecutive years, will sell ANA original Wajima lacquered chopsticks on its international in-flight duty-free service beginning Nov. 1. Wajima lacquerware, a traditional Japanese craft, passed down over hundreds of years in the Wajima region of Ishikawa Prefecture, has been celebrated domestically and internationally for its exquisite designs and superior quality. The 2024 Noto Peninsula Earthquake severely impacted many Wajima lacquerware artisans, leading to the loss of workshops and creative opportunities. To support these artisans, revive their businesses and showcase the charm of Japan's traditional Wajima lacquerware, ANA initiated the planning and development of ANA original Wajima lacquered chopsticks in February and will commence sales on Nov. 1. "Introducing the artistry of Wajima lacq...

Nikkei225 Summary Wed 23 Oct 2024 - Japan’s Nikkei continues to slide lower for the third day on election jitters, with tech counters leading losses. In stark contrast to the broad market, Tokyo Metro's $2.3 bil IPO, priced at 1,200 yen per share, jumps 44.9% on its market debut today to close at 1,739 yen. This is Japan's largest IPO in 6 years since telco Softbank Corp's $23.5 bil IPO in 2018. Softbank Corp is the telco unit of the Softbank Group. Nikkei225  38,104.86 (-307.10 -0.80%) 54 up 170 down 1 flat Topix  2,636.96 (-14.51 -0.55%) REIT   1,695.14 (+8.48 +0.50%) JGB 10YR  0.979% (-0.0010) USD/JPY  152.57 (+1.49 +0.98%) Crude Oil  70.83 (-0.91 -1.27%)     Top Performers Konica Minolta Inc.     ¥533.30 (+53.80 +11.22%) - printing products Tokyo Tatemono Co. Ltd.     ¥2,463.00 (+141.50 +6.10%) - property Toyota Motor Corp.     ¥2,620.50 (+75.50 +2.97%) - automotive Bottom P...

 

 

 

Large language model with enhanced Japanese language ability was developed using Japanese supercomputing technology Distributed parallel learning by maximizing the performance of the supercomputer “Fugaku” Enhanced Japanese language ability, for use in research and business Commercial use is permitted, which will lead to innovative research and business applications such as AI for Science A team of researchers in Japan has released Fugaku-LLM, a large language model (1) with enhanced Japanese language capability, using the RIKEN supercomputer Fugaku. The team is led by Professor Rio Yokota of Tokyo Institute of Technology, Associate Professor Keisuke Sakaguchi of Tohoku University, Koichi Shirahata of Fujitsu Limited, Team Leader Mohamed Wahib of RIKEN, Associate Professor Koji Nishiguchi of Nagoya University, Shota Sasaki of CyberAgent, Inc, and Noriyuki Kojima of Kotoba Technologies Inc. To train large language models on Fugaku, the researchers developed distributed training methods,...

Company Profile Company Name: Glocal Marketing Co.,Ltd. Scheduled Listing Date: Fri Oct. 25, 2024 Market Section: TOKYO PRO Market Representative: IMAI Shintaro, President CEO Address of Main Office 3rd Floor, Yamaka Building, 3-2-1, Jonai-cho, Nagaoka, Niigata, 940-0061 Tel. +81-258-89-6221 Home Page: https://glocal-marketing.jp/ Date of Incorporation: Sep. 1, 2020 Description of Business: Management consulting for SMEs and Membership services Category of Industry: Services Ticker: 266A

Nikkei225 Summary Tue 22 Oct 2024 - Japan’s Nikkei slips 542.64 points on Wall Street's weak finish overnight, on concerns that the sticky Sep inflation data will lead to reduced rate cuts from the Fed in their upcoming Nov policy meeting. Nikkei225  38,411.96 (-542.64 -1.39%) 25 up 199 down 1 flat Topix  2,651.47 (-28.44 -1.06%) REIT  1,686.66 (-6.62 -0.39%)   JGB 10YR  0.980% (+0.018) USD/JPY  151.06 (+0.21 +0.14%) Crude Oil  72.33 (+1.77 +2.51%)      Top Performers Seiko Epson Corp.     ¥2,849.00 (+58.00 +2.08%) - printing products Ajinomoto Co. Inc.     ¥5,719.00 (+90.00 +1.60%) - food Mitsubishi Motors Corp.     ¥407.40 (+3.50 +0.87%) - automotive Bottom Performers M3 Inc.     ¥1,675.00 (-85.50 -4.86%) - online medical services Mercari Inc.     ¥2,277.00 (-95.00 -4.01%) - online retail Toto Ltd.     ¥4,923.00 ...