Japan Indexes Extended Market Rally to Second Session, Trend Micro and Toray Industries Soared

Akira Ito
13 Feb, 2025
Tokyo

Stock market indexes in Tokyo advanced for the second session in a row, and the weaker yen boosted the outlook for earnings growth. 

The Nikkei 225 stock average jumped more than 1.3%, and the TOPIX advanced 1.2% after investors reviewed the latest batch of positive earnings. 

Market sentiment was boosted after the yen dropped below 154.55 against the dollar, making the Japanese assets more attractive to foreign investors and improving the profit outlook for the export-driven Japanese companies. 

 

Japan Indexes and Stocks 

The Nikkei 225 Stock Average increased 1.3% to 39,461.47, and the TOPIX advanced 1.2% to 2,765.59. 

Financials, retailers, and advanced equipment makers led the gainers in Tokyo. 

Advantest Corp. increased 3.3% to ¥9,220.0, Tokyo Electron decreased 0.5% to ¥25,350.0, and Lasertec jumped 2% to ¥15,480.0. 

SoftBank Group decreased 3.5% to ¥9,504.0, and the high-tech investment company reported a loss in the December quarter, reflecting a slump in valuation in tech companies at its Vision Fund. 

Trend Micro soared 16% to ¥10,860.0 after a report suggested a heated takeover battle for the cybersecurity company. 

Bain Capital and Advent International are among the few of the several companies looking to acquire the Japan-based computer security company, according to a report by Reuters. 

Toray Industries jumped 8% to ¥1,020.0 after the composite materials maker reported nine-month financial results. 

Net income in the third quarter increased 17% from a year ago to 19.65 billion yen but fell short of market expectations. 

For the full year, the company retained a sales estimate of 2.6 trillion yen, net income of 88 billion yen, and a cash dividend of 18 yen per share.