Polarization in Corona Earnings forecast upward revision Conspicuous listed company financial results

The performance of Japanese companies is becoming more polarized.

The financial results of listed companies up to December last year have been severe due to transportation affected by the new coronavirus, while in industries such as electrical equipment due to the spread of telework, many companies have revised their business outlook upwards. I am.

SMBC Nikko Securities analyzed the contents of 713 companies that announced their financial results for the third quarter by the 4th, out of the companies that settled on the first section of the Tokyo Stock Exchange for the fiscal year ended March 31,.

According to this, ▼ the number of companies whose final profit was "increased" was 294 companies, which was 41% of the total, ▼ "decreased profit" was 312 companies, which was 43%, and ▼ "final deficit" was 104 companies, which was 14%.

When the final profits of each company are added, it has decreased by 25% from the same period of the previous year, and it is greatly affected by the spread of the new corona infection, "air transportation", "land transportation", and "service industry". The depression is noticeable.

On the other hand, 228 companies have revised their final profit forecast for the year upward in this financial results, which is much higher than the 35 companies that have revised downward.

Looking at the companies that have been revised upward by industry, ▼ 37 companies are "electrical equipment" whose business performance is recovering due to the spread of telework, ▼ 24 companies are "chemical", ▼ 18 companies are "information and communication industry", etc. The business results are polarized depending on the type of business.

Hikaru Yasuda, a stock strategist at SMBC Nikko Securities, said, "While companies that can capture demand even with corona stagnation are improving their business performance, the financial results are severe where they cannot secure business performance in their current lifestyle. There is a tendency, but it seems that some companies will find it difficult to secure profits by declaring an emergency. "