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Nasdaq Gains Over 100 Points; Sony Group Posts Upbeat Earnings
Nissan is cutting jobs globally, Honda is delaying its investment in electric vehicles. Can the "Big Three" Japanese automakers come back to the table?
① Due to the current slowdown in electric vehicle demand, Honda Motor has decided to delay the plan announced on April 25 of last year to establish a comprehensive electric vehicle value chain in Canada by about two years; ② "The company has decided not to release the operating profit expectations for the fiscal year ending March 2026," said Nissan Motor; ③ In the fiercely competitive market in the USA, Japanese automakers are forced to bear high sales incentive costs, while they have not yet fully kept pace in the Chinese market.
Although high-tech stocks are strong, the overall trend is dominated by profit-taking.
The Nikkei Index fell for the first time in five trading days, closing down 55.13 yen at 38,128.13 yen (Volume approximately 2.2 billion 60 million shares). Following the rise of US tech stocks, semiconductor-related stocks were bought, and right after the start, it rose to 38,325.88 yen. However, due to the short-term market overheating, profit-taking Sell gradually increased, turning negative by mid-morning. Nonetheless, it did not develop into an actively bearish trend, and after adjusting near the 200-day line, a sense of resilience was observed.
Sony Group Q4 EPS $0.21 Beats $0.12 Estimate, Sales $17.25B Miss $20.40B Estimate
Veru Inc aims to achieve sales revenue of 250 billion yen and an operating margin of over 10% by the end of the fiscal year ending February 2031.
Veru Inc <6183> is a leading domestic contact center listed on the Main Board of the Tokyo Stock Exchange (hereinafter referred to as TSE), with seven subsidiary companies under its umbrella, and primarily operates in Customer Relationship Management (CRM) across the country. As of the end of February 2025, there are 35 domestic locations, with a number of booths (the number of seats conducting operational activities at its domestic locations) totaling 18,100 seats, and approximately employees.
Nissan Motor, Sumitomo Corporation, etc. [List of stock-related news from newspapers]
*Nissan Motor Co., Ltd. <7201> integrates seven plants worldwide, reducing fixed and volatility costs by 500 billion yen (Nikkei Industrial, front page) -○*FANUC CORP <6954> achieves remote operation with robots, reproducing delicate movements (Nikkei Industrial, front page) -○*Serendip HD <7318> acquires surface processing company in Aichi, developing customers domestically and internationally (Nikkei Industrial, page 3) -○*Daihen <6622> integrates production of industrial transformers, establishing a new factory in Kagawa (Nikkei Industrial, page 3) -○*Kioxia HD <285A> to commercialize SSDs for AI next year, GPU utilization rate.
