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Japanese Stocks Drop 2.8%
The ADR trends on the 3rd show that INPEX, Hitachi, Kawasaki Heavy Industries, etc., are low in yen conversion value.
On the 3rd, the ADRs (American Depositary Receipts) showed a broad decline compared to the closing prices in Tokyo on the same day when converted to yen. In terms of yen conversion, INPEX <1605.T>, Hitachi <6501.T>, Kawasaki Heavy Industries <7012.T>, IHI <7013.T>, SoftBank Group <9984.T>, etc., were all lower. Nidec Corporation Sponsored ADR <6594.T>, Rohm <6963.T>, Murata Manufacturing <6981.T>, Asics <7936.T>, Tokyo Electron <8035.T>, etc., also performed poorly. Provided by Wealth Advisor Company.
Barrier-Free 2025 - 31st General Welfare Exhibition Proposing Comfortable Living for the Elderly and People with Disabilities - Announcement of special lecture appearance.
Kawasaki Heavy Industries will participate as a speaker in a special lecture at "Barrier-Free 2025 - The 31st Comprehensive Welfare Exhibition Proposing Comfortable Lives for the Elderly and People with Disabilities," which will be held from April 16, 2025, at Intex Osaka (Suminoe Ward, Osaka City). This exhibition aims to achieve a rich society where everyone can live with peace of mind, reduce the burden on caregivers, and secure caregiving personnel, showcasing the latest products and services at one of the largest comprehensive care and welfare exhibitions in Western Japan.
The Nikkei average is down about 1,070 yen, with trading volume led by Mitsubishi UFJ, Mitsubishi Heavy Industries, and Disco.
In the afternoon around 2 PM on the 3rd, the Nikkei average stock price is trading at around 34,650 yen, down about 1,070 yen from the previous day. The afternoon session starts near the morning session's closing price. Although there was a moment where the decline widened slightly, trading remains sluggish with little movement. The dollar-yen exchange rate is hovering around 147.40 yen per dollar. The top traded stocks by volume in the afternoon (Main Board) include NTT <9432.T>, Mitsubishi UFJ <8306.T>, JDI <6740.T>, and Mitsubishi Heavy Industries <701>.
Kawasaki Heavy Industries established a local company to sell hydraulic products in Indonesia.
Kawasaki Heavy Industries <7012.T> announced on the 3rd that it will establish a local subsidiary, PT Kawasaki Precision Machinery Indonesia (KPM Indonesia), to sell hydraulic products in Indonesia. The company aims to create a local sales office equipped with inventory capabilities in Indonesia, where demand for hydraulic equipment is increasing due to rapid economic development, in order to adapt flexibly to market changes and diverse customer needs.
Establish a sales company for hydraulic products in India.
Kawasaki Heavy Industries will establish a local subsidiary in Indonesia called "PT Kawasaki Precision Machinery Indonesia" (KPM Indonesia) to sell hydraulic products. Indonesia is rapidly developing economically due to extensive investment in infrastructure and active mining development, backed by a rich labor force, and has a market with high growth potential. Against the backdrop of such rapid economic development, the demand for hydraulic equipment is increasing in Indonesia, leading to the establishment of storage functions.
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