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The Nikkei average rose by 406 points, continuing its significant six-day gain, as the awareness of a delay in policy interest rate increases grew due to the downward revision of GDP growth rate = the afternoon of the 1st.
On the closing day, the Nikkei average stock price increased by 406.92 yen from the previous day to 36,452.30 yen, marking a significant six-day winning streak. The TOPIX (Tokyo Stock Price Index) also rose by 12.15 points to 2,679.44 points, continuing its upward trend for seven days. Following the movement of the NY Dow Inc, which rebounded after a morning dip on April 30, Japanese stocks were initially favored by buyers. However, as the announcement of the Bank of Japan's monetary policy meeting results approached, a wait-and-see mood strengthened, although the meeting decided to maintain the current monetary market adjustment policy.
The Nikkei average is up about 70 yen, after a round of buying, it is heavy on the upside due to selling while waiting for a pullback = morning of May 1.
On May 1st at 10:18 AM, the Nikkei Average was trading around 36,110 yen, up about 70 yen from the previous day. At 9:13 AM, it reached 36,341.62 yen, up 296.24 yen. In the US market on April 30th local time, while the Nasdaq Composite Index fell, the NY Dow rebounded after an early decline, marking its seventh consecutive day of gains. The impact of the negative growth in Q1 GDP (Gross Domestic Product) was countered. The effect on the Nikkei Average is significant from the SOX (Philadelphia Semiconductors).
MUFG revises net profit upward for fiscal year 25/3 to 1 trillion 860 billion yen, up from 1 trillion 750 billion yen.
Mitsubishi UFJ <8306> announced a revision of its financial forecast for the fiscal year ending March 2025. The net profit was revised upwards from 1 trillion 750 billion yen to 1 trillion 860 billion yen. This was due to the recording of one-time gains such as profits from the sale of policy-held Stocks and the reversal of costs related to L's credit relationships, utilizing these gains to conduct a restructuring of the Bond portfolio from a balance sheet management perspective, implementing measures for future enhanced profitability. The year-end Dividend per share was raised by 4 yen from the previous forecast to 39 yen (the previous period was 20 yen).
Avant Group: Presentation of financial results for the 3rd quarter of the fiscal year ending June 2025
Avant Group: Summary of Financial Results for the 3rd Quarter Ending June 2025 [Japanese GAAP] (Consolidated)
Avant Group's Strategic Disposal of Treasury Shares to Enhance Corporate Value
