| Japan Market Update Archive: |
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Japan Steelmaker Pass Price Hikes
May 19, 3:16 PM EDT |
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| Nippon Steel is expected to pass higher steel prices to automaker and consumer durable goods maker. |
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| Japanese steelmakers joined the world steel makers in passing higher coal and iron ore prices from Australia and Brazil to automakers in Japan. The sharp revision in steel prices is expected to be effective in the latest negotiations between Nippon Steel and Toyota and Mitsubishi Heavy. Australian iron ore miners have lifted prices of ore by more than 250% in the last five years and now coal prices have jumped 150% in the last two years. Weak U.S. dollar has also contributed to the price hike. |
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Sony, Nippon Steel Up; Ebara Down
May 15, 6:37 PM EDT |
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| In Tokyo trading stocks edged higher on the optimism that the current economic slow down in the U.S. may not have a material impact on exporters. |
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| Sony estimated operating profit in the current fiscal year to be at 450 billion yen, 20% higher than a year ago. The better than expected forecast lifted sentiment in trading. Nikkei 225 index increased 0.9% or 133.2 to 14,251. Separately, private sector machinery orders received in March fell 8%. Steel prices paid by Japanese automakers may reach 100,000 yen per ton this year. Sony and Nippon Steel led the gaiers in the Nikkei 225 index and Ebara and Shimizu led the decliners in the index. |
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Current Account Surplus, Inflation Rise
May 14, 4:19 PM EDT |
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| Wholesales price in Japan rose in April, nearly at the same rate as in March. Current account surplus rose 16.1% in fiscal 2007. |
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| Stocks in Japan traded in positive territory after NTT and Astellas Pharmacies increase dividends and share buyback. In Tokyo trading Nikkei 225 rose 1.18% or 164.82 at 14,118.55, and the broader Topix Index increased 1% or 12.99 at 1,373.04. The Bank of Japan reported that the Domestic Corporate Goods Price Index rose 3.7% from a year ago at 107.3 after adding 3.9% in March. |
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Fujistu, Isuzu Lift Stocks in Tokyo
May 13, 7:20 PM EDT |
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| Tokyo stocks rallied after Fujitsu and Isuzu offered better than expected outlook. Fujistu rose 13% and led the gainers in Nikkei 225 index. |
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| Japan stock indexes advanced on strong earnings results and forecasts from Fujitsu and Isuzu. Isuzu Motor Corp also reported yesterday that it expects net profit to rise 13.2% to 85 billion yen from 71 billion on higher sales in countries that produce raw materials. Fujitsu forecasts net income for the year will rise 107% to 100 billion yen from 48 billion in the fiscal 2007. |
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Konica, Orix Outlook Lifts Tokyo Stocks
May 12, 6:04 PM EDT |
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| Stocks in Japan recovered after positive earnings guidance from Konica Minolta and Orix Corporation. |
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| Stocks in Japan rose on strong earnings forecasts from Konica Minolta and Orix Corp. A weaker yen also helped exporters. Electric utility companies fell for the second week in a row on record crude oil prices. In Tokyo trading Nikkei 225 rose 0.6% or 88.02 to 13,743.36, and the broader Topix Index increased 0.08% or 1.03 at 1,342.79. |
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Tokyo Falls 2%; Bridgestone, Toyota Decline
May 09, 4:41 PM EDT |
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| Stocks in Japan fell on rising crude oil prices, fears of rising inflation and weak profit outlook from Toyota, Olympus and other companies. |
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| Nikkei 225 index in Tokyo trading fell 2.1% after weak earnings from Bridgestone and weaker outlook from Olympus and Toyota rattled investors. Toyota lowered its net sales and income for the current fiscal year. Bridgestone reported 1% decline in profit. Takeda Pharmaceuticals and Olympus lowered its outlook for the current fiscal year. In stock trading, utilities declined on record crude oil prices. Yokogawa Electric plunged 10% and led decliners in the index. |
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Tokyo Stocks Fall, Weak Toyota Outlook
May 08, 4:20 PM EDT |
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| Stocks in Japan fell as financial stocks closed lower. Toyota Motor guided 5% lower sales in the current year. |
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| Stocks in Japan tracked weakness in the U.S. and closed lower. Financial stocks fell the most on the worries that more losses may have to be taken on the new disclosure requirements from the U.S. regulatory agency SEC. Nikkei 225 index fell 1.3% to 13,943. Toyota Motor reported 9.8% rise in sales and 4.5% in earnings but offered lower sales and earnings outlook for the current year. |
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Tokyo Closed Higher, Inpex Surges
May 07, 3:31 PM EDT |
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| Record price in crude oil prompted the Japanese government to impose tax of 25.10 yen per liter on petrol and 17.10 yen per liter of diesel. |
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| Stocks in Japan advanced as rising crude oil prices topped $122 per barrel on further supply disruptions in Nigeria and elevated crude oil demand in the U.S, China and India. After the close, U.S. reported in its weekly oil inventory report a decline in Crude oil import by less than 5%. China, India and the U.S. continues to import crude oil at elevated level, despite oil trading above $122 a barrel. Average gasoline price in Japan rose nearly 6 yen in a week and reached 159.20 yen. |
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Realty, Financials Lift Tokyo Stocks
May 02, 1:44 PM EDT |
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| JAL Group lowered its revenue forecast for the year ended on March 2008 by 0.8% and increased its net earnings estimates by 129%. |
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| Stocks in Japan rose sharply after the yen fell to a 2-year low. Investors returned to stocks on he falling commodities and crude oil futures prices and rising optimism related to credit market. In Tokyo trading Nikkei 225 rose 2.05% or 282.4 to 14,049.26, rising 1.3% for the week, and the broader Topix Index increased 2.3% or 31.29 to 1,377.39. |
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Kirin, Seiko Fall on Earnings
May 01, 10:15 PM EDT |
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| Seiko Epson reported annual sales declined 4.8% to 1.3 trillion yen and earnings fell 19 billion yen. Kirin reported quarterly loss. |
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| Stocks in Japan fell on the downgrade of economic growth by the Bank of Japan and a spate of negative earnings news from Kirin Holdings and Seiko Epson Corp. March cash earnings of employees rise 1.2% at small companies and 1.4% at large and mid-size companies. Seiko Epson reported that annual profit for the year ended March 31st fell to 19 billion yen as net sales fell 4.8% to 1.3 trillion yen from 1.4 trillion a year earlier. |
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