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The Nikkei average is up by about 20 yen, with the top gainers among the selected stocks being Sumitomo Pharma, TOTO, NEC, ETC.
On the 30th at around 11 AM, the Nikkei Stock Average was trading around 35,860 yen, up about 20 yen compared to the previous trading day. At 9:09 AM, it reached 36,023.24 yen, up 183.25 yen. After the buying frenzy, there were moments of retraction as there were few clues, and the exchange rate was also moving in the direction of a stronger yen. Afterward, it remained in a range near the previous trading day's closing price. Among the stocks listed in the Nikkei Average, Sumitomo Pharma <4506.T> and TOTO <5332> ranked high in terms of price increase percentage.
The Nikkei average is up about 50 yen, and after buying, it shows heavy movement at the upper levels = 30 days before the morning session.
On the 30th at 10:08 AM, the Nikkei average stock price fluctuated around 35,890 yen, down about 50 yen compared to the previous trading day. At 9:09 AM, it reached 36,023 yen 24 sen, up 183 yen 25 sen. In the U.S. market on the 29th, the announcement by the U.S. government to reduce tariffs on imported components for completed vehicles produced domestically was well received, leading to the Dow Inc rising for the sixth consecutive day and a rebound in the Nasdaq Composite Index. Japanese stocks also saw buying ahead of the rise in U.S. stocks. However, after the initial buying settled down.
Rating information (Target Price change - Part 1) = Kansai Electric Power, Amano, ETC.
◎Nomura Securities (3-tier; Buy > Neutral > Reduce) Kansai Electric Power <1942.T> --- "Buy" → "Buy," 3,300 yen → 3,480 yen Cosmos Pharmaceutical <3349.T> --- "Buy" → "Buy," 10,800 yen → 11,100 yen Ryohin Keikaku <7453.T> --- "Buy" → "Buy," 4,500 yen → 5,100 yen Sekisui Chemical <4204.T> --- "Neutral" → "Neutral," 2,600 yen → 2,610 yen OLC <4661.T> --- "Neutral"
TOTO surged, positively received for its consecutive profit growth forecast and Share Buyback.
TOTO, the largest sanitary ware manufacturer, saw a sharp rise. It began with an upward trend and temporarily reached 3,750 yen, 285 yen higher than the previous day. After the market close on the 28th, it announced its fiscal results for the period ending March 2025 and the establishment of a new share buyback program. For the period ending March 2025, the consolidated results show an operating profit of 48.479 billion yen (up 13.4% year-on-year), and a net profit of 12.168 billion yen (down 67.3% year-on-year). The sales increase of electrostatic chucks due to the recovery of the Semiconductors market contributed to growth in new business areas, while there were impairments in the China business.
Toto to Shut Two China Plants as Part of Restructuring Plan
Hitachi, ETC, announced a Share Buyback on April 28.
The stocks for which stock buyback plans were announced on the 28th (Monday) are as follows: <6501> Hitachi 0.1 billion 40 million shares (3.1%) 300 billion yen (from April 30, 2025 to March 31, 2026) <6503> Mitsubishi Electric 60 million shares (2.9%) 100 billion yen (from April 30, 2025 to October 31, 2025) <6301> Komatsu 40 million shares (4.3%) 100 billion yen (from April 30, 2025 to November 28, 2025) <8601> Daiwa Securities Group 50 million shares (3.5%) 50 billion yen (from May 16, 2025-
