The Nikkei 225 rebounded for the first time in 3 sessions as semiconductor-related stocks were bought amid waning expectations for US interest-rate hikes. Recruit Holdings significantly raised operating profit in the first quarter and lifted its full-year forecast. Nitori Holdings also reported results that exceeded market expectations.
The Nikkei 225 rebounded for the first time in 3 sessions, with semiconductor manufacturing equipment-related stocks bought on the back of gains in the SOX Index. Approximately 60% of stocks rose in the Tokyo market, while gains in game-related stocks also stood out.
Recruit Holdings reported a substantial year-on-year increase in operating profit for the first quarter of the fiscal year ending March 2027, along with higher revenue, and raised its full-year forecast. The increase in the average price per job posting contributed to the results, despite a decline in the number of job openings in the US market.
Nitori Holdings reported first-quarter operating profit for the fiscal year ending March 2027 above market expectations, improving its profit margin through cost reductions, lower advertising and promotion expenses, and the insourcing of logistics operations. The expansion in the proportion of new products was also viewed as progressing smoothly.