Nikkei in 3-Day Rally, Olympus Net Soars 60%

Hiruki Nakamura
06 Nov, 2015
New York City

Nikkei average in Tokyo gained for the third day in a row and the yen hovered near its recent one-week low. Olympus Corp said first-half net soared 60%. Aoyama Trading Co., Ltd and Aoki Holdings Inc advanced on higher first-half sales and earnings.

[R]4:30 PM Tokyo – Nikkei average in Tokyo gained for the third day in a row and the yen hovered near its recent one-week low. Olympus Corp said first-half net soared 60%. Aoyama Trading Co., Ltd and Aoki Holdings Inc advanced on higher first-half sales and earnings.[/R]

Stocks in Tokyo closed higher for the third day in a row and the yen traded near recent weakness ahead of the U.S. jobs data.

The Nikkei 225 Stock Average jumped 149.19 or 0.9% to 19,265.60 and the broader Topix index increased 8.49 to 1,563.59.

For the week, Nikkei 225 jumped 2.3%.

The yen strengthened to 121.94 against a dollar.

Stocks in Review

Asahi Kasei Corp edged up 0.3% to 734.40 yen after the chemical producer reported net sales in the first-half ending in September fell 1% from a year ago to 957.4 billion yen.

Net income in the period dropped 4.8% to 47.2 billion yen compared to 49.5 billion yen and diluted earnings per share slumped to 33.77 yen from 35.44 yen.

Aoyama Trading Co., Ltd rose 1.5% to 4,560 yen after the men''s apparel maker said net sales in the first-half ending in September surged 10.3% from a year ago to 98.85 billion yen.

Net income in the period advanced 85.5% to 2.29 billion yen compared to 1.23 billion yen and diluted earnings per share jumped to 41.78 yen from 21.04 yen.

Aoki Holdings Inc gained 1.7% to 1,558 yen after the fashion products retailer reported net sales in the first-half ending in September rose 4.5% from a year ago to 81.70 billion yen.

Net income in the period jumped 48.8% to 2.16 billion yen compared to 1.45 billion yen and earnings per share increased to 23.80 yen from 15.90 yen.

Gunma Bank Ltd increased 2% to 762 yen after the banking and investment group stated net sales in the first-half ending in September increased 6.4% from a year ago to 70.36 billion yen.

Net income in the period jumped 18.6% to 16.73 billion yen compared to 14.10 billion yen and diluted earnings per share increased to 37.10 yen from 30.29 yen.

Olympus Corporation slid 0.1% to 4,130 yen after the medical equipment maker said net sales in the first-half ending in September soared 11.5% from a year ago to 395.77 billion yen.

Net income in the period surged 60.4% to 35.81 billion yen compared to 22.33 billion yen and diluted earnings per share jumped to 104.60 yen from 65.24 yen.

For the year, the company estimated net sales to increase 6.7% to 860 billion yen and net income to of about 56 billion yen.

Toho Holdings Co Ltd gained 1.9% to 2,764 yen after the pharmaceutical company reported net sales in the first-half ending in September jumped 7.4% from a year ago to 602.18 billion yen.

Net income in the period soared 41.6% to 4.28 billion yen compared to 3.02 billion yen and diluted earnings per share rose to 56.40 yen from 40.04 yen.

For the year, the company estimated net sales to increase 7.6% to 1.25 trillion yen and net income to tumble 11.6% to 11.60 billion yen.