Latest news with #Fujiwara
Business Recorder
5 days ago
- Business
- Business Recorder
Nikkei rises as US economic worries recede
TOKYO: Japan's Nikkei share average gained on Wednesday, as concerns about the US economy receded, prompting investors to continue buying cheap stocks after a heavy sell-off earlier this week. The Nikkei rose 0.6% to end the day at 40,794.86. The broader Topix jumped 1% to 2,966.57. 'Investors bought stocks because the gains of the Nikkei in the previous session were not enough to recoup declines on Monday,' said Naoki Fujiwara, a senior fund manager at Shinkin Asset Management. Japanese shares slid the most in two months on Monday as concerns mounted over the US economy and trade, while speculation grew over a potential upheaval in domestic politics. 'It is just the declines of heavyweight stocks that are dragging the index today,' said Fujiwara. Tokyo Electron slumped 3.8% to weigh the most on the Nikkei. Mizuho Securities analysts downgraded the rating of the chip-making equipment maker to 'Neutral' from 'Buy'. Mitsui Fudosan leapt 5.9% after the property developer's quarterly net profit nearly doubled from a year ago.
Business Recorder
6 days ago
- Business
- Business Recorder
Japan's Nikkei rises as US economic worries recede
TOKYO: Japan's Nikkei share average reversed early losses to trade higher on Wednesday, as concerns about the U.S. economy receded, prompting investors to continue buying cheap stocks after a heavy sell-off earlier this week. The Nikkei rose 0.62% at 40,8033.73 by the midday break, reversing a 0.3% decline earlier in the session. The broader Topix jumped 1.12% to 2,969.55, supported by 2% gains for each of Toyota Motor and Sony Group. 'Investors bought stocks because the gains of the Nikkei in the previous session were not enough to recoup declines on Monday,' said Naoki Fujiwara, senior fund manager at Shinkin Asset Management. Japanese shares slid the most in two months on Monday as concerns mounted over the U.S. economy and trade, while speculation grew over a potential upheaval in domestic politics. 'It is just the declines of heavyweight stocks that are dragging the index today,' said Fujiwara. Tokyo Electron slipped 3.46% to weigh the most on the Nikkei. Mizuho Securities analyst downgraded the rating of the chip-making equipment maker to 'Neutral' from 'Buy'. Mitsui Fudosan jumped 6% after the property developer's quarterly net profit nearly doubled from a year ago. Mitsubishi Heavy Industries rose 4.19%, jumping for a second session, after the heavy machinery maker clinched a landmark deal to build Australia's next-generation warships. Of more than 1,600 stocks trading on the Tokyo Stock Exchange's (TSE) prime market, 80% rose, 16% fell, and 2% traded flat. All but one of the TSE's 33 industry sub-indexes rose, with the property sector jumping 3% to become the top performer. The services sector slipped 0.66%, dragged by a 3.49% fall of Recruit Holdings.
Yomiuri Shimbun
6 days ago
- Business
- Yomiuri Shimbun
Japan's Nikkei Stock Average Rises as US Economic Worries Recede
TOKYO, Aug 6 (Reuters) – Japan's Nikkei share average reversed early losses to trade higher on Wednesday, as concerns about the U.S. economy receded, prompting investors to continue buying cheap stocks after a heavy sell-off earlier this week. The Nikkei rose 0.62% at 40,8033.73 by the midday break, reversing a 0.3% decline earlier in the session. The broader Topix jumped 1.12% to 2,969.55, supported by 2% gains for each of Toyota Motor and Sony Group. 'Investors bought stocks because the gains of the Nikkei in the previous session were not enough to recoup declines on Monday,' said Naoki Fujiwara, senior fund manager at Shinkin Asset Management. Japanese shares slid the most in two months on Monday as concerns mounted over the U.S. economy and trade, while speculation grew over a potential upheaval in domestic politics. 'It is just the declines of heavyweight stocks that are dragging the index today,' said Fujiwara. Tokyo Electron slipped 3.46% to weigh the most on the Nikkei. Mizuho Securities analyst downgraded the rating of the chip-making equipment maker to 'Neutral' from 'Buy.' Mitsui Fudosan jumped 6% after the property developer's quarterly net profit nearly doubled from a year ago. Mitsubishi Heavy Industries rose 4.19%, jumping for a second session, after the heavy machinery maker clinched a landmark deal to build Australia's next-generation warships. Of more than 1,600 stocks trading on the Tokyo Stock Exchange's (TSE) prime market, 80% rose, 16% fell, and 2% traded flat. All but one of the TSE's 33 industry sub-indexes rose, with the property sector jumping 3% to become the top performer. The services sector slipped 0.66%, dragged by a 3.49% fall of Recruit Holdings.
Business Insider
12-07-2025
- Business
- Business Insider
Citi Keeps Their Buy Rating on Fuji Electric Co (FELTF)
In a report released today, Takero Fujiwara from Citi maintained a Buy rating on Fuji Electric Co, with a price target of Yen9,000.00. The company's shares closed last Wednesday at $45.43. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Fujiwara is a 3-star analyst with an average return of 13.0% and a 50.00% success rate. Currently, the analyst consensus on Fuji Electric Co is a Strong Buy with an average price target of $55.18, representing a 21.46% upside. In a report released on July 8, Macquarie also maintained a Buy rating on the stock with a Yen8,400.00 price target. Based on Fuji Electric Co's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $332.34 billion and a net profit of $36.83 billion. In comparison, last year the company earned a revenue of $343.55 billion and had a net profit of $38.1 billion
Los Angeles Times
05-06-2025
- Los Angeles Times
Nara: Step Into Ancient Japan, Where Deer Roam Free
Step back in time to Nara, Japan's captivating first permanent capital (710-794 CE). Just a short train ride from Kyoto or Osaka, this serene city offers a unique blend of ancient history and natural beauty, making it a must-visit for anyone seeking a glimpse into Japan's foundations. Nara preserves its legacy with remarkable integrity, boasting a whopping eight UNESCO World Heritage sites, and is famously home to over a thousand sacred, free-roaming deer. Nara's establishment as the capital in 710 CE marked a pivotal moment, laying the groundwork for Japan's enduring culture. Modeled after China's Tang dynasty capital, its meticulously planned grid layout reflected a period of centralized government and immense cultural growth. This era was a crucible for early Japanese Buddhist art, literature, and political structures. The heart of the city is Nara Park, where over a thousand wild deer, believed to be messengers of the gods, roam freely and even bow for treats – you can even buy special crackers! Within the park stands Todaiji Temple, home to the colossal Great Buddha (Daibutsu). This 15-meter bronze statue is housed inside the Daibutsuden, the world's largest wooden building – a truly awe-inspiring sight that reflects the ambition of 8th-century Japan. Nearby, Kasuga Taisha Shrine is Nara's celebrated Shinto shrine, known for its thousands of stone and bronze lanterns that line its paths and illuminate the grounds, especially during the special festivals in February and August. Founded by the powerful Fujiwara clan, it highlights the intertwining of politics and religion. Don't miss Kofuku-ji Temple, distinguished by its towering five-story pagoda, a long-standing symbol of Nara and a key institution of the Fujiwara dynasty. Explore Naramachi, the old merchant district, with its preserved Edo-era buildings, quaint shops and local eateries. It's perfect for sampling kakinoha sushi (sushi wrapped in persimmon leaves) and finding unique souvenirs. Nara offers a unique journey into Japan's ancient soul, providing tangible connections to its formative past amid charming, free-roaming deer. It's an unforgettable destination where history truly comes alive.
