The announcement of financial results for the nine months up to last month for companies listed on the First Section of the Tokyo Stock Exchange peaked on the 29th.
More than half of the companies that have announced their one-year earnings forecasts expect a decline in profits and a deficit due to the effects of the spread of the new coronavirus infection.
The financial results for the third quarter of the companies listed on the First Section of the Tokyo Stock Exchange for the fiscal year ended March 31, peaked on the 29th, and 275 companies, or 18% of the total, disclosed their business results.
According to an analysis of the financial results of 160 companies that SMBC Nikko Securities had announced by the 28th, 79 companies had an increase in final profits, accounting for 49% of the total.
Profit declined by 60 companies, 37% of the total, and 21 companies, 13%, posted a final deficit.
When the profits of each company are added together, it decreased by 21% compared to the same period of the previous year, and the declines in the "land transportation industry" and "service industry" affected by the spread of the new corona infection are conspicuous.
Of the 147 companies that announced their final profit forecasts for the year, 69 companies, 46%, expected an increase in profits, but 64 companies, 43%, expected a final deficit. 14 companies, 9%, more than half expect a deficit or a decline in profits.
On the other hand, 39 companies have revised their final profit forecasts upward in this financial results, far exceeding the 9 companies that have revised downwards, and an increasing number of companies are expecting annual performance to be better than initially expected. ..
Keiichi Ito, chief quant analyst at SMBC Nikko Securities, said, "Many companies have revised their outlook for the better, but what will happen to the performance of land transportation, air transportation, retail, etc. I want to keep an eye on it. "