The Nikkei 225 rebounded, rising ¥322 in Tokyo trading on the 13th. Zensho Holdings set a new record high since listing, while Mercari fell sharply.
In Tokyo trading on the 13th, the Nikkei 225 ended at ¥61,142.35, up ¥322.99 from the previous day, after rising as high as ¥61,902.50. The TOPIX gained 4 points, while the TSE Growth Market Index continued to decline. Buying was strongest in domestic-demand stocks. Although weakness in US markets weighed on sentiment, buying led the broader Japanese market, particularly in stocks that reported strong earnings.
Among individual stocks, Zensho Holdings set a new record high since listing after first-half operating profit rose approximately 39.7% year on year to ¥56.4 billion, prompting an upward revision to its full-year forecast. Its Sukiya gyudon chain and Hama Sushi conveyor-belt sushi business performed well. Mercari, meanwhile, fell sharply, down ¥335 at ¥3,438, as concerns that GMV and MAU had peaked prompted selling.
Among other stocks, Pan Pacific International Holdings rose ¥44.40 to ¥814.40, Amada gained 21.8% to ¥2,794, and Dynamic Map Platform rebounded 21.9% to ¥1,320. Dynamic Map Platform was supported by the expansion of license-based revenue in its interim results, while Amada raised its full-year operating profit forecast to ¥58 billion.
Upside in high-tech stocks remains limited, although some market participants say investors may continue to stay on the sidelines ahead of NVIDIA's earnings. Buying interest in domestic-demand and consumer-related stocks is supporting the market, while stock rotation is likely to accelerate as the earnings season gathers momentum.