Tokyo Market Summary: Nikkei Average Plummets Sharply; Yamaha Motor Surges 7% on 6.2x Final Profit Forecast; Sanrio Soars to Upper Limit Amid Earnings Upgrade and 5-for-1 Stock Split Announcement; Nissan Rises Following Fixed Cost Reductions; Yodogawa Engineering Drops 19% on Major Downward Revision of Operating Loss
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The stock market overview for today is as follows. Thank you for your attention.
Market Overview
The Nikkei Average sharply declined on the 13th. The closing price was down 697 yen at 56,941 yen. Following declines in US stocks, it fell over 400 yen from the opening. Stocks with large index contributions $SoftBank Group (9984.JP)$ were heavily sold off after earnings reports, leading to early downward pressure. After the decline widened beyond 900 yen and dipped into the 56,600-yen range, a rebound occurred. From 10 a.m., the market trended upwards temporarily. However, selling resumed when SoftBank Group accelerated its losses in the afternoon session, pushing the index back down. Despite some support below 57,000 yen, the closing price ended below that level.
The Nikkei Average sharply declined on the 13th. The closing price was down 697 yen at 56,941 yen. Following declines in US stocks, it fell over 400 yen from the opening. Stocks with large index contributions $SoftBank Group (9984.JP)$ were heavily sold off after earnings reports, leading to early downward pressure. After the decline widened beyond 900 yen and dipped into the 56,600-yen range, a rebound occurred. From 10 a.m., the market trended upwards temporarily. However, selling resumed when SoftBank Group accelerated its losses in the afternoon session, pushing the index back down. Despite some support below 57,000 yen, the closing price ended below that level.
Trading volume on the Tokyo Stock Exchange Prime Market was approximately 10.76 trillion yen. By sector, transportation equipment, pharmaceuticals, and airlines rose, while mining, steel, and services declined. Companies announcing upward revisions, increased dividends, and stock splits like 1-for-5 $Sanrio (8136.JP)$ remained limit-up without trades during the session due to proportional allocation. On the other hand, companies revising full-year profit forecasts downward $Lifedrink (2585.JP)$ hit limit-down and no prices were recorded during the afternoon trading session.
[Today's Buy/Sell Dominance Situation]
In the Tokyo Stock Exchange Prime Market on February 13, buy-dominant trading volume amounted to 1.43 trillion yen, while sell-dominant trading volume reached 1.58 trillion yen.
In the Tokyo Stock Exchange Prime Market on February 13, buy-dominant trading volume amounted to 1.43 trillion yen, while sell-dominant trading volume reached 1.58 trillion yen.
Top News
Sony FG revises its operating profit forecast downward by 35% for the current fiscal year, while increasing dividend by 0.3 yen
$Sony Financial Group (8729.JP)$ [TSE P] announced its earnings on February 13 at noon (11:30). For the third quarter cumulative period (April-December) of fiscal year 2026, consolidated operating income increased by 82.6% year-over-year to 98.6 billion yen.
However, the company also revised down its full-year forecast for the same profit from 122 billion yen to 79 billion yen (previous fiscal year was 44.8 billion yen), representing a 35.2% decrease, and the growth rate is expected to shrink from 2.7 times to 76.0%.
Based on the company’s revised full-year forecast, our estimated consolidated operating profit for the October-March period (second half) decreased by 30.4%, from 141.3 billion yen to 98.3 billion yen (the previous year's corresponding period was 50.5 billion yen), with the growth rate shrinking from 2.8 times to 94.5%.
At the same time, the year-end lump-sum dividend was upwardly revised from the original plan of 3.5 yen to 3.8 yen (no dividends were paid in the previous fiscal year).
Sony FG revises its operating profit forecast downward by 35% for the current fiscal year, while increasing dividend by 0.3 yen
$Sony Financial Group (8729.JP)$ [TSE P] announced its earnings on February 13 at noon (11:30). For the third quarter cumulative period (April-December) of fiscal year 2026, consolidated operating income increased by 82.6% year-over-year to 98.6 billion yen.
However, the company also revised down its full-year forecast for the same profit from 122 billion yen to 79 billion yen (previous fiscal year was 44.8 billion yen), representing a 35.2% decrease, and the growth rate is expected to shrink from 2.7 times to 76.0%.
Based on the company’s revised full-year forecast, our estimated consolidated operating profit for the October-March period (second half) decreased by 30.4%, from 141.3 billion yen to 98.3 billion yen (the previous year's corresponding period was 50.5 billion yen), with the growth rate shrinking from 2.8 times to 94.5%.
At the same time, the year-end lump-sum dividend was upwardly revised from the original plan of 3.5 yen to 3.8 yen (no dividends were paid in the previous fiscal year).
Yamaha Motor - Surge in the afternoon session; forecasts a 6.2x increase in net profit for this fiscal year after an 85% drop in the previous term
$Yamaha Motor (7272.JP)$ The stock surged in the afternoon session. At 1:00 PM on the 13th, the company announced its forecast for consolidated net profit (IFRS) for the fiscal year 2026 at 100 billion yen (6.2 times the previous fiscal year), and its annual dividend forecast at 50 yen (previously 35 yen). The market consensus was 95.8 billion yen.
$Yamaha Motor (7272.JP)$ The stock surged in the afternoon session. At 1:00 PM on the 13th, the company announced its forecast for consolidated net profit (IFRS) for the fiscal year 2026 at 100 billion yen (6.2 times the previous fiscal year), and its annual dividend forecast at 50 yen (previously 35 yen). The market consensus was 95.8 billion yen.
In core operations, sales volumes in emerging markets for the MC business are expected to increase, as well as sales of outboard motors for the marine business. In strategic businesses (Robotics, SPV, OLV), profitability is expected to improve due to the absence of impairment losses on tangible fixed assets that occurred in FY2025, and the effects of structural reforms. The assumed exchange rates are 155 yen per dollar and 175 yen per euro.
Consolidated net profit for the full fiscal year 2025 was 16.1 billion yen (down 85.1% from the previous period).
Nissan Motor has risen significantly for three consecutive days, with the outlook for an operating loss this fiscal year narrowing due to cost-cutting effects.
$Nissan Motor (7201.JP)$ The stock rose sharply for the third consecutive day. Following the release of its consolidated financial results for the third quarter cumulative period (April-December) of fiscal year 2026 after the close of trading on the 12th, the company revised its full-year earnings forecast. The sales forecast for the current fiscal year was raised from 11.7 trillion yen to 11.9 trillion yen (down 5.8% year-over-year), and the forecast for the operating loss narrowed from 275 billion yen to 60 billion yen (compared to a profit of 69.798 billion yen in the previous fiscal year). Buying was driven by expectations of a reduced operating loss.
$Nissan Motor (7201.JP)$ The stock rose sharply for the third consecutive day. Following the release of its consolidated financial results for the third quarter cumulative period (April-December) of fiscal year 2026 after the close of trading on the 12th, the company revised its full-year earnings forecast. The sales forecast for the current fiscal year was raised from 11.7 trillion yen to 11.9 trillion yen (down 5.8% year-over-year), and the forecast for the operating loss narrowed from 275 billion yen to 60 billion yen (compared to a profit of 69.798 billion yen in the previous fiscal year). Buying was driven by expectations of a reduced operating loss.
The effect of fixed cost reductions is expected to exceed initial projections. The earnings forecast was revised considering currency impacts. The previously undetermined net loss forecast is now estimated at 650 billion yen (compared to a net loss of 670.898 billion yen in the previous fiscal year). The global retail sales forecast was lowered from 3.25 million units to 3.2 million units. Assumed exchange rates are 149 yen per dollar (previously 146 yen) and 173 yen per euro (previously 168 yen). Sales for the April-December period were 8.577974 trillion yen (down 6.2% year-over-year), with an operating loss of 10.107 billion yen (compared to a profit of 64.01 billion yen in the same period last year), and a net loss of 250.223 billion yen (compared to a profit of 5.148 billion yen last year).
Sanrio's stock is trading at the upper limit, driven by upward revisions to its earnings and dividend forecasts for the fiscal year ending March 2026, as well as a stock split increasing from 1 share to 5 shares.
$Sanrio (8136.JP)$ The stock is trading at the upper limit of 5,464 yen with buying interest. After the close of trading on the 12th, the company upwardly revised its consolidated earnings forecast for the fiscal year ending March 2026: sales were raised from 184.3 billion yen to 190.6 billion yen (up 31.5% year-over-year), operating income from 70.2 billion yen to 75.1 billion yen (up 45.0%), and net profit from 49.4 billion yen to 52 billion yen (up 24.6%). Additionally, the year-end dividend forecast was raised from 31 yen to 35 yen, bringing the total annual dividend forecast to 66 yen (previously 53 yen), which was well received.
The multi-character strategy and various initiatives being pushed globally have proven successful, leading to increased popularity of characters such as "Kuromi" and "My Melody," resulting in third-quarter performance exceeding expectations. Continued strong sales are also anticipated in the fourth quarter. Furthermore, the third-quarter cumulative (April-December) financial results released simultaneously showed sales of 143.194 billion yen (up 36.7% year-over-year), operating income of 62.398 billion yen (up 51.8%), and net profit of 43.679 billion yen (up 29.3%).
In addition, the company has announced a stock split of one share into five shares as of March 31, along with changes to the shareholder benefits, which are also being viewed as positive factors. Regarding the benefits, the previously distributed paper tickets for the theme park general admission and shareholder privileges will be discontinued, and instead, 'e-tickets (theme park general admission)' and 'e-coupons (shareholder privilege vouchers)' will be provided through Sanrio's common membership service, 'Sanrio+.' Note that there is no change in the content of the 'e-ticket (theme park general admission).'
$Sanrio (8136.JP)$ The stock is trading at the upper limit of 5,464 yen with buying interest. After the close of trading on the 12th, the company upwardly revised its consolidated earnings forecast for the fiscal year ending March 2026: sales were raised from 184.3 billion yen to 190.6 billion yen (up 31.5% year-over-year), operating income from 70.2 billion yen to 75.1 billion yen (up 45.0%), and net profit from 49.4 billion yen to 52 billion yen (up 24.6%). Additionally, the year-end dividend forecast was raised from 31 yen to 35 yen, bringing the total annual dividend forecast to 66 yen (previously 53 yen), which was well received.
The multi-character strategy and various initiatives being pushed globally have proven successful, leading to increased popularity of characters such as "Kuromi" and "My Melody," resulting in third-quarter performance exceeding expectations. Continued strong sales are also anticipated in the fourth quarter. Furthermore, the third-quarter cumulative (April-December) financial results released simultaneously showed sales of 143.194 billion yen (up 36.7% year-over-year), operating income of 62.398 billion yen (up 51.8%), and net profit of 43.679 billion yen (up 29.3%).
In addition, the company has announced a stock split of one share into five shares as of March 31, along with changes to the shareholder benefits, which are also being viewed as positive factors. Regarding the benefits, the previously distributed paper tickets for the theme park general admission and shareholder privileges will be discontinued, and instead, 'e-tickets (theme park general admission)' and 'e-coupons (shareholder privilege vouchers)' will be provided through Sanrio's common membership service, 'Sanrio+.' Note that there is no change in the content of the 'e-ticket (theme park general admission).'
Yoko Engineering --- selling pressure continues amid further downward revision to an expected large operating loss.
$Toyo Engineering (6330.JP)$ Shares continue to see selling pressure. The previous day, following the earnings announcement after the morning session, the stock plummeted to its daily limit down in the afternoon session, and selling pressure remains dominant today. The October-December quarter’s operating loss amounted to 16.8 billion yen, deteriorating from a loss of 4.9 billion yen in the previous quarter. The full-year forecast has been revised downward from an expected profit of 1.5 billion yen to a loss of 20 billion yen.
$Toyo Engineering (6330.JP)$ Shares continue to see selling pressure. The previous day, following the earnings announcement after the morning session, the stock plummeted to its daily limit down in the afternoon session, and selling pressure remains dominant today. The October-December quarter’s operating loss amounted to 16.8 billion yen, deteriorating from a loss of 4.9 billion yen in the previous quarter. The full-year forecast has been revised downward from an expected profit of 1.5 billion yen to a loss of 20 billion yen.
The dividend forecast has also been set to zero. Losses appear to have expanded due to issues related to projects in Brazil and domestic biomass projects. However, order intake has exceeded expectations.
Mitsui Ocean Development & Engineering Co., Ltd. --- Shares plunged in the afternoon session despite forecasting a 2.6% increase in net profit for the current fiscal year, falling short of market consensus.
$Modec (6269.JP)$ Shares plummeted in the afternoon session. On the 13th at 12:30 PM, the company announced its full-year consolidated net profit (IFRS) forecast for the 26.3rd fiscal term at 57.9 billion yen (a 2.6% increase year-on-year), and its annual dividend forecast at 200 yen (previously 140 yen). Market consensus was 60.1 billion yen.
$Modec (6269.JP)$ Shares plummeted in the afternoon session. On the 13th at 12:30 PM, the company announced its full-year consolidated net profit (IFRS) forecast for the 26.3rd fiscal term at 57.9 billion yen (a 2.6% increase year-on-year), and its annual dividend forecast at 200 yen (previously 140 yen). Market consensus was 60.1 billion yen.
Profit growth is anticipated through construction work, operation services, and the provision of charter services. The assumed exchange rate is 156.53 yen to the dollar.
Consolidated net profit for the 25.3rd fiscal term amounted to 56.5 billion yen (a 62.0% increase from the previous term). This was driven by the smooth progress of FPSO construction projects and an increase in interest income due to higher cash and cash equivalents from advance payments on construction contracts.
Meanwhile, selling pressure is prevailing as the current term's outlook fell below the consensus forecast.
Mitsubishi Materials has risen for five consecutive days following an upward revision of its earnings forecast for the fiscal year ending March 2026, now projecting an increase in operating profit.
$Mitsubishi Materials (5711.JP)$ The stock has risen for five consecutive days, hitting a new yearly high again today. Following the close of trading on the 12th, the company revised upward its consolidated earnings forecast for the fiscal year ending March 2026. Revenue was adjusted from 1.59 trillion yen to 1.76 trillion yen (a year-on-year decrease of 10.3%), while operating profit was raised from 15 billion yen to 47 billion yen (a year-on-year increase of 26.6%). This shift from an anticipated profit decline to an expected rise in operating profit has been well received.
This revision takes into account the weakening yen and rising metal prices, which prompted a review of assumptions for the fourth quarter. Additionally, the company incorporated factors such as the adjustment of tungsten product sales prices in response to rising raw material costs and an increase in recent sales volumes of cemented carbide products. Meanwhile, net profit remains at the previous forecast of 20 billion yen (a year-on-year decrease of 41.3%) due to expenses related to fundamental structural reforms aimed at improving profitability in subsequent years.
In the concurrently announced third-quarter cumulative results (April to December), revenue fell to 1.2844 trillion yen (a year-on-year decrease of 13.4%), operating profit dropped to 27.379 billion yen (down 15.2% year-on-year), and net profit declined to 36.387 billion yen (down 26.0% year-on-year). The reduction in precious metal slime intake led to lower gold production, resulting in decreased revenue. Moreover, worsening mining conditions and reduced output of copper and precious metal ingots also had a negative impact.
$Mitsubishi Materials (5711.JP)$ The stock has risen for five consecutive days, hitting a new yearly high again today. Following the close of trading on the 12th, the company revised upward its consolidated earnings forecast for the fiscal year ending March 2026. Revenue was adjusted from 1.59 trillion yen to 1.76 trillion yen (a year-on-year decrease of 10.3%), while operating profit was raised from 15 billion yen to 47 billion yen (a year-on-year increase of 26.6%). This shift from an anticipated profit decline to an expected rise in operating profit has been well received.
This revision takes into account the weakening yen and rising metal prices, which prompted a review of assumptions for the fourth quarter. Additionally, the company incorporated factors such as the adjustment of tungsten product sales prices in response to rising raw material costs and an increase in recent sales volumes of cemented carbide products. Meanwhile, net profit remains at the previous forecast of 20 billion yen (a year-on-year decrease of 41.3%) due to expenses related to fundamental structural reforms aimed at improving profitability in subsequent years.
In the concurrently announced third-quarter cumulative results (April to December), revenue fell to 1.2844 trillion yen (a year-on-year decrease of 13.4%), operating profit dropped to 27.379 billion yen (down 15.2% year-on-year), and net profit declined to 36.387 billion yen (down 26.0% year-on-year). The reduction in precious metal slime intake led to lower gold production, resulting in decreased revenue. Moreover, worsening mining conditions and reduced output of copper and precious metal ingots also had a negative impact.
Kokutoku Shinryo - Stock plunged in the afternoon session as the company forecasts a 50% drop in operating profit this term, despite last term's 3.4x increase.
$Kitoku Shinryo (2700.JP)$ Shares sharply fell in the afternoon session after the company announced on February 13 at 3:00 PM that it expects consolidated operating profit for the fiscal year ending December 2026 to be 4 billion yen (a 50.2% decrease from the previous term) and set its annual dividend forecast at 50 yen.
$Kitoku Shinryo (2700.JP)$ Shares sharply fell in the afternoon session after the company announced on February 13 at 3:00 PM that it expects consolidated operating profit for the fiscal year ending December 2026 to be 4 billion yen (a 50.2% decrease from the previous term) and set its annual dividend forecast at 50 yen.
Against the backdrop of rising indicative prices driven by procurement competition, negotiated trading prices have remained at high levels, especially with sluggish sales of household rice. Consequently, spot market trading prices have fallen, widening the gap with negotiated prices, although supply and demand are gradually easing, leaving the market situation clouded with uncertainty.
Consolidated operating profit for the fiscal year ending December 2025 was 8.03 billion yen (3.4 times the previous period). Factors contributing to this include rapid shipments of government reserve rice to major retailers, supermarkets, cooperatives, rice retailers, convenience stores, and restaurant chains nationwide from the start of the release. Steady sales of existing products, mainly for household use, and significantly higher handling volumes of minimum access rice compared to the previous year were also key contributors.
Additionally, the company announced a three-year mid-term management plan spanning from the fiscal year ending December 2026 to December 2028. Key strategies include 'securing procurement capabilities,' 'expanding rice consumption,' 'scaling up rice-related businesses,' 'strengthening management foundations,' and 'enhancing capital efficiency and shareholder returns.' Numerical targets for December 2028 aim for revenue of 250 billion yen and an operating profit of 6 billion yen.
[Top Moving Japanese Stocks]
The constituent stocks of the Nikkei 225 moved sideways, indicating that market sentiment remains unchanged. Amidst this, $Nissan Motor (7201.JP)$The stock ranked top in terms of price increase rate today, closing 8.76% higher at 447.0 yen.
The constituent stocks of the Nikkei 225 moved sideways, indicating that market sentiment remains unchanged. Amidst this, $Nissan Motor (7201.JP)$The stock ranked top in terms of price increase rate today, closing 8.76% higher at 447.0 yen.
On the other hand, the stock with the largest decline was $NEXON (3659.JP)$The stock closed 16.19% lower at 3,148.0 yen.
-moomoo News DayThis stock August
Source: MINKABU, FISCO, Trader's Web, Stock Newspaper, Jiji Press
Source: MINKABU, FISCO, Trader's Web, Stock Newspaper, Jiji Press
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