Japanese stocks moved in related sectors after U.S. technology stocks weakened and the SOX Index fell approximately 3.5%. Selling spread across semiconductor-related stocks, including Advantest, while Ichibanya hit its daily limit through proportional allocation following reports of a potential acquisition.
Selling prevailed among semiconductor-related stocks in the Japanese market after U.S. technology stocks weakened and the SOX Index fell approximately 3.5%. Advantest stood out with a sharp decline, and selling pressure spread to other companies in the sector.
Ichibanya shares reached their daily limit through proportional allocation after reports that House Foods Group was considering selling its stake in the company, prompting moves that appeared to anticipate an acquisition premium. It was also reported that several investment funds were considering bids for the company.
AIDA Engineering announced its first-quarter results, reporting operating profit of ¥460 million, down 63.9% year on year. Although its full-year forecast was unchanged, sales were viewed as a negative factor, and the market reaction was relatively weak compared with the outlook at the start of the fiscal year. The company said orders received had increased substantially.
Strike Group announced an upward revision to its earnings forecast for the fiscal year ending September 2026, raising its operating profit forecast from ¥7.32 billion to ¥8.3 billion. The view was that contracts secured from the third quarter onward had accumulated at a pace exceeding the first-half results, with large projects also closing in July and August.