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The Nikkei average is up by about 350 yen, with transaction volumes led by Disco, Fujikura, and Tokyo Electron.
On the afternoon of the 1st at 2:03 PM, the Nikkei average stock price was trading around 36,390 yen, up about 350 yen compared to the previous day. The afternoon session also started with buying pressure. At 2:01 PM, it reached a high of 36,413 yen and 98 sen, remaining in a high price range. At the Bank of Japan's monetary policy meeting, it was unanimously decided to maintain the current financial market adjustment policy. Subsequently, it seems that the dollar-yen exchange rate has been perceived as material, currently positioned at 143 yen and 80 sen, showing a weaker yen.
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).
Tokyo Electric Power: 2024 financial results presentation
Tokyo Electric Power: Summary of Financial Results for the Fiscal Year Ending March 31, 2025 [Japanese GAAP] (Consolidated)
Tokyo Electric Power FY Rev Y6.81T Vs Y6.92T
