Jefferies Adjusts Advantest's Price Target to 9,500 Yen From 12,000 Yen, Keeps at Buy
After the buying phase, individual stock selection will be guided by the financial results.
The Nikkei average has risen for four consecutive trading days. It ended trading at 35,839.99 yen, up 134.25 yen (with an estimated Volume of 2 billion 10 million shares). Following the purchase of tech stocks in the US market last weekend and favorable movements from major companies' earnings reports, the Nikkei average started with a buying lead, shortly rising to 36,075.26 yen after the trading began, recovering to the 36,000 yen level for the first time in about four weeks since April 1. Additionally, due to the yen depreciating to around 143 yen per dollar, export-related stocks were repurchased.
The Nikkei average is up about 110 yen, with trading volumes led by Disco, Mitsubishi Heavy Industries, and Advantest.
On the 28th at around 2:02 PM, the Nikkei Average is fluctuating around 35,820 yen, up about 110 yen from the previous weekend. In the afternoon session, trading started with a slight Sell dominance. The dollar-yen exchange rate is at 143.30 yen per dollar, indicating a stronger yen recently, leading to a continuation of heavy upward movement. The top Volume stocks at 2:02 PM (Main Board) are: JDI <6740.T>, NTT <9432.T>, Mitsubishi Heavy Industries <7011.T>, Toyota <7203.T>, and SoftBank <9434.T>.
Stocks that moved and those that were traded in the front market.
*Toyota Industries Corporation <6201> 16225 - reports suggest consideration for privatization of stocks. *Aichi Steel Corporation <5482> 8840 +1200 recognized for last period's double-digit profit increase and significant dividend increase plan this period. *Kinden Corporation <1944> 3838 +417 this period's guidance exceeds consensus. *Mitsui E&S Holdings <7003> 1857 +199 reports indicate the Trump administration's request for Japan for dual-use shipbuilding, regarded as a buying opportunity. *Anritsu Corporation <6754> 1401.5 +122 exceeds expectations.
Kinden, Yamazaki Pan ETC (additional) Rating
Downgrade - Bearish Code Stock Name Securities Company Previous After--------------------------------------------------------------<6523> PHCHD Morgan Stanley "Equal Weight" "Under Weight" <8591> ORIX Morgan Stanley "Over Weight" "Equal Weight" Target Price Change Code Stock Name Securities Company Previous After------------------------------------
The Nikkei average is up about 260 yen, with the top gaining stocks being Shin-Etsu Chemical, Ryohin Keikaku, Toyota, ETC.
On the 28th, around 11 AM, the Nikkei average stock price was trading at around 35,970 yen, approximately 260 yen higher than the previous weekend. At 9:34 AM, it hit 36,075.26 yen, up 369.52 yen. Afterwards, due to a lack of clues, it seems to be pushed down by selling as it waits for a rebound. The dollar-yen exchange rate is in a range of 143.70 yen, showing little movement. Among the stocks included in the Nikkei average, Shin-Etsu Chemical <4063.T>, Ryohin Keikaku <7453.T>, and Toyota <.
Rating information (Target Price change - Part 2) = DeNA, Asahi, etc.
◎ Mizuho Securities (three stages: Buy > Hold > underperform) DeNA <2432.T> -- "Buy" → "Buy", 2000 yen → 4400 yen Olympus <7733.T> -- "Buy" → "Buy", 3500 yen → 3200 yen Tohoku Electric <9506.T> -- "Buy" → "Buy", 1600 yen → 1300 yen PHC HD <6523.T> -- "Hold" → "Hold", 1000 yen → 1050 yen Komeri <8218.T> -- "Hold" → "Hold", 3100 yen → 300.
Market Overview Early Information = Main situation of orders before the morning session (2) NYK Line, Tokyo Metro, Japan Post ETC.
As of 8:50 AM on the 28th, the main pre-opening order situation is as follows. Mitsui O.S.K. Lines <9101.T> Sell 50,000 shares, Buy 110,000 shares. Tokyo Metro <9023.T> Sell 30,000 shares, Buy 70,000 shares. Advantest <6857.T> Sell 140,000 shares, Buy 340,000 shares. Japan Post Holdings <6178.T> Sell 230,000 shares, Buy 320,000 shares. Renesas <6723.T> Sell 100,000 shares, Buy 130,000 shares. Mizuho <8411.T> Sell 130,000 shares, Buy 170,000 shares. Provided by Wealth Advisor Co., Ltd.
Attention is focused on Advantest's earnings report.
[Stocks Opening Comment] The Japanese stock market on the 28th is expected to start with a Buy and maintain a solid stance thereafter. On the 25th, the USA market saw the Dow Jones Industrial Average rise by 20 points, and the Nasdaq increased by 216 points. The Dow Jones Industrial Average experienced a momentary drop of 370 points, but ended in positive territory due to expectations of progress in negotiations around tariff policies. Additionally, positive movements following Alphabet's earnings report led to a Buy surge in tech stocks, contributing to the rise in the Nasdaq Index. The Chicago Nikkei 225 Futures stands at 2 compared to Osaka.
Shin-Etsu Chemical and others announced a Share Buyback on April 25.
The companies that announced the establishment of their own stock acquisition limit on April 25 (Friday) are as follows: <4063> Shin-Etsu Chemical 0.2 billion shares (10.2%) 500 billion yen (from May 25, 2021, to April 26, 2024) <4568> Daiichi Sankyo 80 million shares (4.3%) 200 billion yen (from May 1, 2025, to March 26, 2024) <7259> Aisin Seiki 0.1 billion 30 million shares (17.2%) 120 billion yen (from May 1, 2025, to March 31, 2026) <6857> AdvanTech 19 million shares (2.6%) 70 billion yen (from May 7, 2025 -
Japan Post, upward revision on March 25, ordinary profit 810 billion yen, down from 760 billion yen.
Japan Post <6178> announced a revision of its financial estimates for the fiscal year ending March 2025. The ordinary profit was revised upwards from 760 billion yen to 810 billion yen. While the profit estimates for the five postal banks <7182> and Japan Post Insurance <7181> will be revised upwards in November 2024 due to improved operating conditions and increased Asset Management revenue, the consolidated financial estimates for the full year are uncertain, particularly regarding the impact on future profits and losses from the upcoming postal rate revision at its consolidated subsidiary, Japan Post.
Advantest Corporation (ATEYY) Q4 2024 Earnings Call Transcript Summary
Advantest Reports FY Results
Japanese stock buybacks this week (4/21~4/25)
――――4/21――――$Shinwa(7607.JP)$ will cancel 600K shares, 4.16% of its outstanding shares, with a cancellation date of 5/12.――――4/23――――$Fanuc(6954.JP)$ will buy back up to 12.5 million shares, 1.34%
Japan's Advantest Expects 6% Annual Profit Growth as AI Boosts Testing
Key points of attention for the PTS on the 25th = Advantest, Anritsu, Shin-Etsu Chemical, Fujitsu, ETC.
▽ Advantest <6857.T>, the consolidated operating profit Financial Estimates for the fiscal year ending March 2026 is 242 billion yen (a 6% increase compared to the previous period). The assumed Exchange Rates are 140 yen to 1 dollar and 155 yen to 1 euro. It is viewed that the impact of tariff measures on business and performance is minimal. ▽ Anritsu <6754.T>, the consolidated operating profit Financial Estimates for the fiscal year ending March 2026 is 15 billion yen (a 24% increase compared to the previous period). Formulated based on the situation before the tariff measures by the USA are implemented. ▽ Shin-Etsu Chemical <4063.T>, the first quarter of the fiscal year ending March 2026 (
Advantest FY24 Net Income Rises
Market Chatter: Japanese Lower House Lawmakers Pass Japan's Symbolic AI Bill
Advantest: 2024 Earnings Conference materials
Advantest: Summary of financial results for the fiscal year ending 2025/3 [IFRS] (consolidated)