The Nikkei Average extended its winning streak to 3 days. SoftBank Group's share price fell temporarily after its earnings announcement but rebounded on dip buying. Sumitomo Realty raised its first-half operating profit and announced an increased dividend after reflecting the larger full-year profit increase in its forecast.
The Nikkei Average extended its winning streak to 3 days, with dip buying prevailing against a backdrop of volatility in the US market. The index rose in the afternoon as technology stocks recovered, with Advantest and others pushing it higher. The Nikkei Average rose from the previous day, and although individual constituents showed mixed performance, buying spread across the market overall.
SoftBank Group posted a substantial net loss, but after selling prevailed in the morning, the decline halted and the shares rebounded at times in the afternoon. Although the loss initially caused the decline to widen sharply, the stock's perceived value after the steep drop generally attracted buying.
Sumitomo Realty's operating profit for the first half of the fiscal year ending March 2027 rose 8.4% year on year to ¥181.4 billion, and it raised its full-year operating profit forecast to ¥320.0 billion–¥330.0 billion. Supported by higher office rents, it indicated a policy of increasing its dividend forecast for the current fiscal year from ¥52 to ¥55 per share.
In related news concerning the Nikkei Average and individual stocks, Honda's earnings were also reported. After announcing its first-half results, the company raised its full-year forecast while monitoring the market response.