The announcement of the interim financial results for this year for companies listed on the First Section of the Tokyo Stock Exchange peaked on the 29th.
Although many companies have increased their profits compared to the same period last year, restrictions on the supply of raw materials and parts such as semiconductor shortages are holding back the recovery of business performance.
On the 29th, more than 240 companies, which is 17% of the companies listed on the First Section of the Tokyo Stock Exchange for the fiscal year ended March 31, announced their financial results for the six months from April to last month.
When SMBC Nikko Securities analyzed the financial results of 190 companies that had announced by the 28th, 133 companies, which is 70%, had an increase in final profit compared to the same period last year, resulting in an increase in profit.
This is due to the fact that vaccination is progressing and the movement to resume economic activity is spreading all over the world.
On the other hand, when comparing the final profit growth rate from the first quarter to the second quarter, the non-manufacturing industry increased by 41%, while the manufacturing industry increased by only 6%.
Restrictions on the supply of raw materials and parts, such as a significant drop in production by automobile manufacturers due to a shortage of semiconductors, are holding back the recovery of business performance in the manufacturing industry.
Hikaru Yasuda, a stock strategist at SMBC Nikko Securities, said, "Many companies have revised their annual earnings outlook upwards, and there are expectations for economic recovery, but if supply constraints continue, there is a risk that earnings will be adversely affected. Supply chain = parts The supply network needs to be reviewed. "