Full-scale announcement of financial results of listed companies on the First Section of the Tokyo Stock Exchange

Full-scale announcement of financial results of listed companies on the First Section of the Tokyo Stock Exchange Significant decrease in profit with the new Corona 16:34 on July 30

This is a company listed on the First Section of the Tokyo Stock Exchange, and full-fledged announcement of financial results for the three months until June. A total of 127 companies that finished the announcement at the time when movement restrictions and refraining from sales continued in the domestic and overseas due to the influence of the new coronavirus, the final profit and loss will be a large decrease of 98% from the same period of the previous year , 33 companies were in the red.

SMBC Nikko Securities has aggregated the results of 127 companies out of the companies listed on the First Section of the Tokyo Stock Exchange, which announced their financial results from April to June this year.

During this period, due to the spread of the new coronavirus, an emergency was announced nationwide, and movement was restricted overseas, and the combined sales of 127 companies decreased by 26% compared to the same period last year.

Most industries reduced sales, with air transport falling by 75%, transportation equipment, including the automotive industry, dropping sharply by 49% and steel and retail by 30%.

In addition, when the final profits and losses of 127 companies were combined, profits fell by 98%, showing a significant decline.

There were 33 companies in the red, making it clear that the impact of the new coronavirus was a blow.

Also, regarding the forecast of business results for the current year, more than half of the companies said that they had not yet decided when they announced their financial results last year this spring, but at this time, 64% of the companies have forecasted it. I'm clear.

However, economic activities have resumed, with Nissan forecasting a deficit of 670 billion yen due to a drop in sales due to the impact of the new coronavirus, Mitsubishi Motors' deficit of 360 billion yen, and Isetan Mitsukoshi Holdings expecting a deficit of 60 billion yen. However, it is a severe forecast assuming that the impact will be prolonged.

Expert "Effects on the economy are prolonged"

SMBC Nikko Securities strategist Hikaru Yasuda said, "Infections will spread again in countries where economic activity has resumed, and the impact on the economy will continue for a long time. Corporate results are tough due to this. , Some companies are beginning to reduce costs such as travel expenses by introducing online meetings and reduce the decline in profits. The ability to accelerate selection and concentration will distinguish the performance of the Wiscorona era. I point out.