The number of stocks hitting new all-time highs since listing reached 21 as the Nikkei average fell for a fourth consecutive day. Major names included Japan Post Holdings and YAMABIKO, with attention focused on their earnings trends for the current fiscal year.
The Nikkei average ended the day at ¥64,214, down ¥111 from the previous day, as risk-averse selling prevailed against a backdrop of higher crude oil prices and expectations of further interest-rate increases. Against this backdrop, 21 stocks hit new all-time highs since listing, with stocks reaching new price highs standing out even as the broader market declined.
Among the major names was YAMABIKO, which is expected to post a 17.7% increase in ordinary profit this fiscal year and set a new record high for the first time in two fiscal years. Its share price continued to hit new highs, while S&B Foods and Toyo Seikan Group Holdings also reached new highs. Japan Post Holdings hit a new high for the third consecutive day.
The stocks in this group are noted as covering stocks that had completed initial public offerings and were listed on the Tokyo Stock Exchange Prime, Standard or Growth markets as of January 2024. Conditions for hitting new all-time highs since listing vary by stock.