Stock Market Update: Toyota, SoftBank, Keyence, Sony, NTT Docomo etc.

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The Nikkei Stock Average surpassed 23,000 yen in mid June, but the upside has been limited since then. Until June, the Nikkei 225 stock price has continued to rise sharply from the bottom of March, as economic activities which had been suspended due to the spread of the new coronavirus resumed and macroeconomic indicators improved. The bouncing back has not continued through the end of June because investors could not predict the second-quarter financial results of companies affected by the infection. In addition, people are getting more cautious about the second wave of infection with daily new cases spiking recently in large cities such as Tokyo and Osaka. Japanese investors are left in limbo with Tokyo stock market at nearly standstill around 22,000 – 23,000 yen in July. However, most investors who invested in stocks dampened heavily in the March sell off are enjoying handsome returns by now. The stock price changes (%) from March 1 to July 17 of the Japanese largest companies by market capitalization are as follows.

The stock price changes (%) (March 1 - July 17)

Toyota Motor Corp. -1.8

SoftBank Group Corp. 29.0                                                                          

Keyence Corp. 30.0                                                                                        

Sony Corp. 23.0                                                                                            

Nippon Telegraph and Telephone Corp. 2.8                                                        

NTT Docomo Inc. 5.4                                                                                  

Chugai Pharmaceutical Co., Ltd. 39.8                                                              

KDDI Corp. 12.8                                                                                      

SoftBank Corp. 1.1                                                                                    

Nintendo Co., Ltd. 32.0                                                                                    

Fast Retailing Co., Ltd. 12.3                                                                          

Recruit Holdings Co., Ltd. -2.3                                                                      

Daiichi Sankyo Co., Ltd. 27.8                                                                        

Takeda Pharmaceutical Co., Ltd. -0.7                                                        

Mitsubishi UFJ Financial Group, Inc. -18.7                                                        

Daikin Industries, Ltd. 30.0                                                                            

Shin-Etsu Chemical Co., Ltd. 8.7                                                                    

Honda Motor Co. 3.3                                                                                  

Oriental Land Co., Ltd. 15.8                                                                            

Tokyo Electron Ltd. 28.4

Stock Market Update: Toyota, SoftBank, Keyence, Sony, NTT Docomo etc



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