Tokyo Market

Orders recovering for Japanese chipmaking gear

TOKYO -- Orders for semiconductor-manufacturing equipment are picking up at seven major Japanese producers, underpinned by brisk demand for 3-D memory and ravenous investment in chip miniaturization.Their orders are expected to total about 730 billio...

  • Are Japanese REITs reaching a turning point?

    TOKYO -- Japanese real estate investment trusts have performed relatively well but may soon undergo a correction, with some signs emerging that property prices may be peaking.The Tokyo Stock Exchange REIT Index rose 0.39% Friday to 1,836, compared wi...

  • Market Scramble: Buybacks fall flat without ROE backup

    TOKYO -- Japanese companies remain eager to repurchase their shares this fiscal year. But buybacks alone are hardly enough to attract investors looking for a commitment to putting shareholder money to work more efficiently. Shares in companies that r...

  • Factory troubles to reduce Mitsubishi Chemical's profit

    TOKYO -- Malfunctions at two ethylene factories will likely push down Mitsubishi Chemical Holdings' operating profit by 4.5 billion yen ($44.6 million) for the fiscal year ending March 2017.The Japanese company's Kashima plant in Kamisu, Ibaraki Pref...

  • Nikkei divisor to rise Monday

    TOKYO -- The divisor used to calculate the Nikkei Stock Average will increase from 25.596 to 26.008 on Monday to reflect changes in the index's constituents.FamilyMart will be added to the index, replacing Uny Group Holdings, which will be delisted d...

  • Japan's Kao to repurchase up to 50bn yen in stock

    TOKYO -- Japanese consumer-products maker Kao said it will repurchase up to 50 billion yen ($497.1 million) of its stock, or up to 10 million shares.The program begins Friday and runs through Oct. 25. The cap of 10 million shares equates to 2% of sha...

  • Tokuyama shares rise on improving business, financial standing

    TOKYO -- Japanese chemical maker Tokuyama's shares rose 3% from the previous day to 409 yen at one point on Thursday, marking the fifth consecutive business day shares hit this year's high.The stock closed at 408 yen, 3.1 times above Feb. 12, when th...

  • Japan mulls allowing off-hours margin trading

    TOKYO -- Japanese regulators are considering lifting a ban on margin trading on non-exchange venues, which would allow such transactions to be done on nights and holidays, in a bid to spur activity in a major area of the retail investment market.Marg...

  • Market Scramble: Guidance cuts may sneak up on complacent market

    TOKYO -- While a small number of market players are starting to gird against the growing prospect of cuts in earnings estimates, many investors appear to have the skewed expectation that the Bank of Japan will come to the rescue whenever stocks decli...

  • Earnings preview

    Nitori seen racking up record profit on new Tokyo stores

    TOKYO -- Nitori Holdings' group operating profit likely increased 30% on the year to around 48 billion yen ($477 million) in the March-August half, a record for the six-month period.The major Japanese furniture retailer's standing projection calls fo...

  • Topix futures highlight waning expectations for Japan stocks

    TOKYO -- Slower trading in Topix futures indicates that longer-term investors do not expect Japanese shares to rise much in the face of such headwinds as the strong yen.Open interest on Topix futures stood around 450,000 contracts as of Wednesday, th...

  • Bids fly in for 20-year JGBs at auction

    TOKYO -- Demand for 20-year Japanese government bonds proved robust at a Ministry of Finance auction Tuesday, with investors flocking back as yields recover to a roughly three-month high.The bid-to-cover ratio, an indicator of demand, reached a rough...

  • SBS to sell 2 Tokyo-area logistics sites

    TOKYO -- SBS Holdings plans to sell two logistics sites by 2019 under a scheme designed to generate cash by unloading operating facilities.A facility in Yokohama, Kanagawa Prefecture, and another in Tokorozawa, Saitama Prefecture, are likely candidat...

  • Market Scramble: Investors losing taste for bond substitutes

    TOKYO -- Interest in stocks backed by stable earnings and dividends as an alternative to low-yielding bonds is waning in Japan in favor of undervalued cyclical stocks, a trend already taking hold in European and American markets as investors brace fo...

  • Daio Paper eyes Asian diaper sales to double foreign profit

    TOKYO -- Japan's Daio Paper is shifting focus to diaper sales in Southeast Asia and China, with the aim of doubling overseas operating profit in the next two years, to offset the shrinking number of children in its home market.

  • Market Scramble: BOJ program muffles falling 'phantom demand'

    TOKYO -- The absence of a strong market rally this year despite a decline in the so-called phantom demand associated with arbitrage trading may be tied to the Bank of Japan's asset buying and its impact on share price formation.The outstanding balanc...

  • Dai-ichi Life to acquire US auto asset-protection company

    TOKYO -- Dai-ichi Life Insurance announced plans Monday to acquire United States Warranty Corp. through Dai-Ichi's American subsidiary. The deal involves a purchase of all shares, totaling $127 million, and is expected to conclude as early as this ye...

  • Smartphone-linked stocks jump on hope for demand

    TOKYO -- Smartphone-related stocks rose in the Japanese market Monday, supported by news of a big order for production equipment.V Technology, which builds manufacturing systems for organic light-emitting diode panels, said around 1 p.m. that it rece...

  • Park24 drives home record profit for November-July

    TOKYO -- Park24's operating profit likely rose 20% to 14.5 billion yen in the nine months from November through July, a record for the period and apparently outpacing projections.Sales grew 10% to 140 billion yen in first three quarters of the fiscal...

  • Japan development agency to issue social impact bonds

    TOKYO -- Some 20 billion yen ($199 million) in social impact bonds will be issued by the government-affiliated Japan International Cooperation Agency as early as September, a move that could give momentum in the country to socially conscious investme...