The Nikkei Average extended its winning streak to 5 sessions, rising to around ¥66,364. On the same day, a takeover proposal for Kobayashi Pharmaceutical was reported, Oracle Japan announced strong results, and COVER's upward revision was also reported.
The Nikkei Stock Average extended its winning streak to 5 sessions, rising to ¥66,364.20 in afternoon trading as buying spread to bank stocks as well as technology stocks, following the previous day's moves in U.S. markets. Trends in long-term interest rates and buying for dividends were also said to have contributed, and most Prime Market issues on the Tokyo Stock Exchange rose.
Kobayashi Pharmaceutical was reported to have received a takeover proposal, and the company announced that no formal decision had been made at this point. It confirmed that it had received an initial joint proposal.
Oracle Japan announced results for the first quarter of the fiscal year ending May 2027, with operating profit rising 22.7% year on year to ¥25.9 billion. Cloud business revenue grew 31.7% to ¥25.1 billion.
COVER raised its operating profit forecast for the first half of the fiscal year ending March 2027 from ¥1.93 billion to ¥3.5 billion. Some observers also believe that the Hololive Production-related business fell short of high expectations in certain areas.