As the Nikkei 225 suffered a sharp decline, it was reported that the izakaya chain Torikizoku had decided to raise prices, that the integration of あいちフィナンシャルグループ and 三十三フィナンシャルグループ had fallen through, and that Timee had released its earnings.
The Nikkei 225 fell sharply in morning trading and remained weak throughout the day. Turmoil in US markets and higher crude oil prices weighed on sentiment, while expectations for higher long-term interest rates also increased instability in the equity market. Attention is expected to remain focused on upcoming US CPI data and monetary policy decision meetings in the US and Japan.
エターナルホスピタリティグループ, which operates the Torikizoku izakaya chain, announced that it would raise prices at all of its restaurants from 1 October, increasing the uniform price for food and drinks to ¥410.
三十三フィナンシャルグループ and あいちフィナンシャルグループ announced that they had terminated their basic agreement on a business integration. Differences arose over matters including the policy for the integrated holding company, making it difficult to conclude a definitive agreement.
Timee, which operates a spot-work app, released its earnings for the first quarter of the fiscal year ending April 2027. Operating profit rose 5.8% year on year to ¥1.9 billion, but fell short of market expectations. The company also disclosed preparations to transfer its listing to the Prime Market of the Tokyo Stock Exchange.