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Nobuyuki Yamamoto's "Stock Research File": A surge in the dissolution of parent-child listings erupted two years after the Tokyo Stock Exchange's request for a PBR recovery to 1 times.
A symbol of parent-child listings is finally being completely subsidiary. NTT <9432.T> decided at the board meeting on the 8th to fully acquire the NTT Data Group <9613.T> (managed). The tender offer (Buy) price is 4,000 yen per share, with a total acquisition amount estimated to be about 2.37 trillion yen. Calculating at 4,000 yen per share, the Market Cap of NTT Data reaches 5.61 trillion yen. Since NTT already holds 57.7% of the Stocks, unless something significant happens.
Expectations for progress in the Japan-China trade agreement have led to a recovery to 37,500 yen.
The Nikkei average saw a significant rise. It closed at 37,503.33 yen, up 574.70 yen (estimated Volume of 2.6 billion 40 million shares), recovering to the 37,500 yen level for the first time in about a month and a half since March 27. Anticipation of progress in the US-China ministerial trade negotiations starting on the 10th led to buying across a wide range of stocks. When approaching the psychological milestone of 37,500 yen, there were instances where the increase was reduced due to selling in anticipation of a pullback and profit-taking adjustments ahead of the weekend, but in the latter half of the trading session, there was a movement of short covering.
The Nikkei Average rose by 574 points, significantly continuing its gains, recovering to 30,000 yen on a closing basis for the first time in about a month as of the afternoon of the 9th.
On the 9th, the Nikkei average stock price surged by 574.70 yen to 37,503.33 yen compared to the previous day. The TOPIX (Tokyo Stock Price Index) increased by 34.77 points to 2,733.49 points, continuing its rise for the 11th consecutive day. The Nikkei average, based on the closing price, surpassed the psychological threshold of 37,000 yen for the first time in about a month since March 28 (37,120 yen). The U.S. market on the 8th reacted positively to the agreement on customs negotiations between the UK and the USA, prompting buying to lead the Japanese market as well.
The Nikkei average is up about 510 yen, with positive contributions from NTT Data, Fast Retailing, and SoftBank Group at the top.
On the 9th at 12:47 PM, the Nikkei average stock price was around 37,440 yen, up about 510 yen compared to the previous day. In the latter half of the day, trading began with a slight reduction in the rise from the morning close. Selling seemed to prevail due to a sense of completion in buying and weekend factors. The foreign exchange market continued to hover around 145.60 yen per dollar. In terms of contributions to the Nikkei average stock price, the top positive contributors included NTT Data <9613.T> (supervision), Fast Retailing <9983.T>, and SoftBank Group <9984.T>.
Market Overview Early Information = Main situation of market orders before the afternoon session (1) Toyota, ENEOS, SoftBank Group, ETC.
As of 12:20 PM on the 9th, the main pre-market order status is as follows: Toyota <7203.T> Sell 110,000 shares, Buy 80,000 shares; Sony Group Corp <6758.T> Sell 100,000 shares, Buy 70,000 shares; Mitsubishi UFJ <8306.T> Sell 130,000 shares, Buy 140,000 shares; ENEOS <5020.T> Sell 50,000 shares, Buy 30,000 shares; Nissan Motor <7201.T> Sell 30,000 shares, Buy 40,000 shares; Softbank Group <9984.T> Sell 40,000 shares, Buy 40,000 shares. Provided by Wealth Advisor.
The Nikkei average is up by around 350 yen, showing a steady trend after initial buying activity = 9 days before the market.
On the morning of the 9th, the Nikkei average stock price fluctuated around 37,280 yen, about 350 yen higher than the previous day. At 9:21 AM, it reached 37,409.38 yen, up 480.75 yen. It has recovered the psychologically significant level of 37,000 yen, which has been a key resistance point, for the first time in about a month during trading hours. In the U.S. stock market on the 8th local time, both the NY Dow and the Nasdaq Composite Index continued to rise following the agreement on tariff negotiations between the UK and the US. The depreciation of the yen in the foreign exchange market is also supporting this trend.
