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Express News | [Change Report] Marathon Asset Management Limited reports a reduction in its Shareholding in IHI (7013.JP) to 3.56%.
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.
American Zipline leads the way in drone delivery services.
Zipline, a startup company focused on Drone (unmanned aerial vehicle) delivery, is reported to be one step ahead of competitors like Amazon.com and Google's parent company Alphabet. Recently, Zipline unveiled a system that allows 'teleportation' to the backyards, driveways, and parking lots of homes across the USA. <9513> J-Power <6232> ACSL <2327> NSSOL <6701> NEC <2331>
Japanese Stocks Rise 0.3%
Murata Manufacturing, Canon Inc-Spons Adr, etc [List of stock information from the newspaper]
*Murata Manufacturing Co. Ltd. <6981> makes a full proposal for a thermal detection ECU for automotive applications with Renesas Electronics (Nikkai Kogyo, front page) -○*SoftBank Group <9984> makes additional investment in OpenAI, up to 5.9 trillion yen, by December (Nikkai Kogyo, page 3) -○*Marubeni Corporation <8002> acquires the Pharmaceutical sales business in Asia from Sumitomo Pharma (Nikkai Kogyo, page 3) -○*FUJI <6134> uses AI to detect defective and counterfeit Electronic Components and signs a collaboration agreement with a U.S. company (Nikkai Kogyo, page 8) -○*IHI <7013> aircraft air quality.
SpaceX launches manned spacecraft for polar observation.
On the night of March 31, Elon Musk's space development company SpaceX launched the first manned spacecraft to fly over the Earth's polar regions. It was reported that the rocket "Falcon 9" launched from Florida at 9:46 PM local time (10:46 AM Japan time on April 1) carrying four civilians. <7203> Toyota <7721> Tokyo Keiki <2359> Core <3004> Shine <3401> Teijin <3402>