At the Tokyo Stock Exchange, the number of financial results announcements by listed companies reached their peak on the 9th. In addition to the weaker yen, a number of companies are increasing their performance by passing on prices to products, etc., and more than half of the companies that announced increased profits.
At the Tokyo Stock Exchange, the announcement of financial results from April to December has reached its peak this year, with more than 400 companies disclosing their financial results on the 9th.
SMBC Nikko Securities analyzed the financial results of 957 companies, or nearly 70% of the total, that had been announced by the 8th, focusing on companies listed on the former First Section of the Tokyo Stock Exchange, and found that the final profit was 537, or 56%. The company's profits increased.
The total final profit and loss was 22% higher than the same period last year.
In addition to the weaker yen, profit increased in transportation equipment such as automobiles and machinery, mainly due to the pass-through of product prices, as well as in land transportation, air transportation, which captured inbound demand, and ``Retail'' and other areas also saw an increase in profits.
On the other hand, 402 companies, or 42%, saw a decrease in their final profit or loss.
In addition to decreased profits in the Chemicals business due to a decline in demand for products for smartphones, profits in the Wholesalers business such as trading companies decreased as the soaring resource prices came to a halt.
Hikaru Yasuda, chief equity strategist at SMBC Nikko Securities, said, ``We are concerned about how serious the slowdown in the Chinese economy will be, and how much impact it will have on the performance of the manufacturing industry if shipping routes are restricted due to geopolitical risks in the Middle East. "We continue to be cautious about overseas risk factors."