Tokyo Market

Institutional investors welcome TSE's smaller price ticks

TOKYO -- The Tokyo Stock Exchange narrowed price increments for some major shares Tuesday, a step expected to smooth price formation and lower trading costs. The minimum tick shrank from 1 yen to 0.1 yen for Topix 100 components priced at 1,000 y...

  • Jamco net profit seen up 170% for April-June

    TOKYO -- Jamco's group net profit for the three months ended June likely jumped 170% on the year to around 400 million yen ($3.9 million), bolstered by growing air transport demand and exchange gains from the soft yen. The Japanese company handle...

  • GungHo likely logged record first-half operating profit

    TOKYO -- GungHo Online Entertainment is expected to report a roughly 10% year-on-year gain in group operating profit to about 50 billion yen ($488 million) for the six months ended June 30, a first-half record. The Japanese game developer's sales...

  • Maruha Nichiro likely saw April-June profit of 4 billion yen

    TOKYO -- Maruha Nichiro, which deals mainly in processed foods, apparently booked about 4 billion yen ($39 million) in operating profit for the April-June quarter, on increased profitability in its Thai venture and a strong performance in its seafood...

  • 'Underachievers' readying to take a leap

    TOKYO -- Jumping high requires bending low at the knees. Shrewd investors can tell this position from a defensive crouch. Tokyo-based Topcon expects its group net profit to grow 39% this fiscal year. Shaving just a few hundred million yen off it...

  • Dollar bound in mid-101 yen zone as traders remain wary of risk

    TOKYO (Kyodo) -- The U.S. dollar traded in a boxed range in the mid-101 yen zone in Tokyo on Tuesday as ongoing caution over geopolitical risks muffled dollar-positive optimism over the U.S. economy. At 5 p.m., the dollar fetched 101.49-50 yen co...

  • Tokyo stocks gain on hopes for positive earnings reports

    TOKYO (Kyodo) -- Tokyo stocks gained Tuesday, supported by investor optimism for positive earnings reports from Japanese companies in the April-June quarter. The 225-issue Nikkei Stock Average ended up 127.57 points, or 0.84 percent, from Friday...

  • JGBs fall as Tokyo shares rise, geopolitical concerns ease

    TOKYO (DJ) -- Japanese government bonds edged lower Tuesday as profit-taking took place in the bond market amid recovering Tokyo stocks and easing concerns over tensions in Ukraine and the Middle East. Dealers also trimmed their holdings of super...

  • Dollar edges up in mid-101 yen as risk aversion ebbs

    TOKYO (Kyodo) -- The U.S. dollar inched up within the mid-101 yen range in Tokyo on Tuesday morning as broad optimism on the U.S. economy conquered ongoing risk aversion on geopolitical unease to spur dollar buying. At noon, the dollar fetched ...

  • Tokyo stocks rise in morning following recent sell-offs

    TOKYO (Kyodo) -- Tokyo stocks rose Tuesday morning on buying following their falls last week. The 225-issue Nikkei Stock Average gained 146.41 points, or 0.96 percent, from Friday to 15,362.12. The broader Topix index of all First Section issues ...

  • Tokyo stocks open higher after recent sell-offs

    TOKYO (Kyodo) -- Tokyo stocks opened higher Tuesday thanks to bargain-hunting following their falls in the latter half of last week. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 86.00 points, or 0.57 percent, from ...

  • Dollar around mid-101 yen in early Tokyo deals

    TOKYO (Kyodo) -- The U.S. dollar traded around the mid-101 yen level early Tuesday in Tokyo, almost unchanged from its level overnight in New York. At 9 a.m., the dollar fetched 101.42-53 yen compared with 101.35-45 yen in New York at 5 p.m. Mo...

  • Tokyo Stock Exchange to use smaller price ticks

    TOKYO -- The Tokyo Stock Exchange will introduce narrower price increments for some shares Tuesday, in a move to encourage market activity by decreasing the buy-sell spread and lowering trading costs for investors. The change will affect lower-pr...

  • Japan to ask companies to move back shareholders meetings

    TOKYO -- The Japanese government will urge publicly traded companies to hold their general shareholders meetings later in the year, in a bid to attract more overseas investors. The industry ministry and other government bodies will recommend that...

  • Investors flee to safe assets amid geopolitical conflicts

    TOKYO -- Market players braced for geopolitical risks Friday, moving away from stocks and other risky assets and toward such safe havens as gold. Selling prevailed in the Japanese stock market from the morning session, with the Nikkei Stock Avera...

  • Tokyo Disneyland operator's profit down 20%

    TOKYO -- Oriental Land, operator of the Tokyo Disney Resort, apparently suffered a 20% drop in April-June operating profit -- its first decrease for the quarter in three years. Customers spent less during their visits compared with last year, whi...

  • Investors taking shine to Japanese restructuring

    TOKYO -- Shrugging off fresh geopolitical risk from Ukraine, shares in Fujitsu climbed Friday to a nearly six-year high following news that the Japanese technology company announced that it will withdraw from chipmaking. The rise points to how ma...

  • System developer Comture seen with record April-June profit

    TOKYO -- Comture, which helps companies build information systems, likely lifted operating profit 10% in the April-June quarter to a record for the period on a rebound in IT spending. Profit topped 170 million yen ($1.66 million) and sales appear...

  • Brisk demand, streamlining lead Tokyo Electron into black

    TOKYO -- Chipmaking equipment provider Tokyo Electron likely generated a little over 10 billion yen ($97.7 million) in group operating profit in the April-June period, turning around from a 9.6 billion yen loss a year earlier. Thanks to the growi...

  • Mitsubishi Pencil saw record profit for January-June

    TOKYO -- Mitsubishi Pencil apparently booked a 5 billion yen ($48.9 million) operating profit in the January-June half, a record for the six-month period, on strong sales of its Jetstream pens. Operating profit increased 20% on the year and surpa...