The Nikkei average rebound started, and “we will take thorough measures with a strong sense of tension to settle in the 1 dollar = 150 yen range,” said Minister of Finance Suzuki

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Profit increase effect due to depreciation of yen, is it about 1.4 trillion yen for 10 major companies - Toyota is at the top
As the depreciation level of the yen continues around 1 dollar = 150 yen, it seems that there will be a positive effect of about 1.4 trillion yen on the current fiscal year (fiscal year ending 2024/3) profits of major companies that have announced the degree of impact of exchange rate fluctuations on business results. A trial calculation was made based on financial data etc. of 10 companies that disclose sensitivity out of the top 30 companies by market capitalization.

Have a strong sense of tension and take all possible measures, once the $1 = 150 yen range is settled - Finance Minister Suzuki
On the 27th, Finance Minister Suzuki Shunichi expressed the view that “we will continue to take all possible measures with a strong sense of tension” in response to the fact that the yen exchange rate has become established in the 1 dollar = 150 yen range. I spoke at a press conference after the cabinet meeting on the morning of the same day.

Prices in the Tokyo metropolitan area rose 2.7% in October and expanded for the first time in 4 months
In the October consumer price index (mid-term preliminary value, 2020 = 100) announced by the Ministry of Internal Affairs and Communications on the 27th, the composite index excluding fresh food with large fluctuations rose 2.7% from the same month last year to 106.0. The growth rate had been slowing for 3 consecutive months until September, but it expanded from the previous month for the first time in 4 months.

Creditors, including SoftBank G, conflict over WeeWork business restructuring - difficult discussions
$SoftBank Group(9984.JP)$The United States is an investment destination and is developing a shared office business $WeWork(WE.US)$Creditors are in conflict over the business restructuring plan, and discussions have been difficult.

Seven & I - Value Act is no longer a major shareholder = Nikkei
$Seven & i Holdings(3382.JP)$It's a fight. The morning edition of the Nihon Keizai Shimbun dated 27th reported that it became known on the 26th that the investment fund US Value Act Capital was removed from the company's list of major shareholders.

Takeda Pharmaceutical - Sales Sentiment Revised Downwards Final Profit for the First Half Year Decreased 75%
$Takeda Pharmaceutical(4502.JP)$There is a sales trend. The company announced on the 26th that it will lower its consolidated net profit forecast (IFRS) for the full fiscal year 24.3 from 142 billion yen to 93 billion yen (down 70.7% from the previous fiscal year).

Renesas - Full year sales revenue is expected to fall 2% from the forecast range of 3% and the 3Q cumulative total is down 0.2%
$Renesas Electronics(6723.JP)$they fight each other. The company announced on the 26th that the range of non-GAAP sales revenue forecasts for the full fiscal year 23.12 is 1,458.3 billion yen to 1,473.3 billion yen (down 3% to 2% from the same period last year).

Canon - sales momentum 3Q cumulative final profit 16% increase, sales revised downward
$Canon(7751.JP)$There is a sales trend. The company announced on the 26th that consolidated net profit (US standard) for the 23.12 3Q period (January-September) was 183.9 billion yen (up 15.6% from the same period last year). The market consensus is 19.9 billion yen.