Weekly Advance of 3.6% in Nikkei in Tokyo

Hiruki Nakamura
15 Aug, 2014
New York City

Stocks in Tokyo advanced for the third day in a row and the yen traded above 102 against the U.S. dollar and fell 0.6% in the week after geopolitical tensions eased. Aderans, the hair transplant service provider reported second monthly surge in revenues in a row.

[R]4:30 PM Tokyo – Stocks in Tokyo advanced for the third day in a row and the yen traded above 102 against the U.S. dollar and fell 0.6% in the week after geopolitical tensions eased. Aderans, the hair transplant service provider reported second monthly surge in revenues in a row.[/R]

Market indexes in Tokyo gained for third day in a row and the yen traded above 102 mark.

The Nikkei 225 Stock Average edged up 3.77 to 15,318.34 and the broader Topix index rose 0.18 to 1,270.68. For the week, Nikkei 225 climbed 3.6%.

The yen closed at 102.54 against one U.S. dollar.

Stocks in Review

Aderans Co Ltd rose 0.06% to 1,597 yen after the hair transplant service provider said total sales in July jumped 107.4% following 100.6% surge in June and sales of ready-made wig at department store and directly operated salons edged up 104.6% from 104% in June.

Intage Holdings Inc increased 0.7% to 1,390 yen after the marketing research and consulting service provider stated net sales in the first-quarter ending in June climbed 5.2% to 9.18 billion yen from 8.73 billion yen a year ago period.

Net income in the quarter tumbled 354.5% to 1.50 billion yen compared to 33 million yen and earnings per share dropped to 74.54 yen from 1.65 yen a year earlier.

Paltac Corporation gained 1.9% to 1,343 yen after the cosmetics and drugstores operator reported net sales in the first-quarter ending in June slipped 1.9% to 200.25 billion yen from 204.15 billion yen a year ago period.

Net income in the quarter plunged 21.8% to 1.78 billion yen compared to 2.28 billion yen and earnings per share declined to 28.08 yen from 35.89 yen a year earlier.

Takashimaya Company, Limited fell 0.4% to 941 yen after the department store operator said sales in July dropped 4.4% and sales at four regional stores of Okayama, Gifu, Yonago and Takasaki fell 4.3%.

The retailer added sales from corporate business segment increased 1.2% and revenues from the cross-media business plunged 12.8%.