Companies that were listed on the former First Section of the Tokyo Stock Exchange are raising their final profit forecasts for the current fiscal year one after another due to the depreciation of the yen and the easing of restrictions on the supply of parts. I'm in.
SMBC Nikko Securities has analyzed the financial results from April to June of 736 companies that announced their financial results by the 4th among the companies listed on the former TSE 1st Section.
According to it, 382 companies, or about 52%, increased their bottom line profits compared to the same period last year.
The normalization of economic activities affected by the spread of the new coronavirus infection has progressed, and the land and shipping industries are doing well, and the soaring resource prices have increased profits in the wholesale industry, including trading companies.
In addition, 266 companies, or about 36%, saw a decline in profits, mainly in the transportation equipment industry, including the automobile industry, and electrical equipment, due to rising material prices and shortages of semiconductors.
On the other hand, in addition to the depreciation of the yen, 57 companies, mainly in the manufacturing industry, have revised upward their final profit forecasts for the current fiscal year due to the easing of restrictions on the supply of parts. I climbed
Keiichi Ito, Chief Quantitative Analyst at SMBC Nikko Securities, said, ``Many companies have revised their full-year final profit forecasts upward as the yen weakens and they have reviewed their exchange rate assumptions. There are also disadvantages, and it is necessary to ascertain what kind of impact it will have on Japanese companies as a whole in the long term."