Tokyo trading opened the week with the Nikkei Average continuing to fall, briefly dropping more than ¥500 after Kioxia Holdings fell short of its earnings forecast. The morning session closed at ¥63,095.11, while TOPIX declined to 3,931.61.
The Tokyo stock market opened the week with the Nikkei Average continuing to fall, briefly dropping more than ¥500. During the morning session, Kioxia Holdings' earnings outlook was seen as weighing on the broader market.
Kioxia Holdings' consolidated net profit forecast for April–December 2026 was ¥3.5578 trillion, approximately 24 times the figure for the same period a year earlier, but below market expectations, prompting heavier selling on disappointment. The company's share price, which has a significant impact on the Nikkei Average, fell sharply as a result, weighing on the broader market.
Meanwhile, Tokyo Electron, a major semiconductor manufacturing equipment maker, announced a consolidated net profit forecast of ¥865 billion for the fiscal year ending March 2027, up 50.6% from the previous fiscal year and above market expectations, attracting buying. This supported the market and briefly put the stock at the top of the contribution ranking.