NXPP Holdings shares are trading near their record highs since listing. Buying has come in following the announcement in early August of an upward revision to the earnings forecast and expanded share buybacks and real estate sales, but there is a view that the stock's staying power will depend on the results of overseas M&A.
NIPPON EXPRESS HOLDINGS (NXHD) shares are trading near their record highs since listing. In early August, the company announced an upward revision to its earnings forecast, along with expanded share buybacks and real estate sales, prompting buying on expectations of increased shareholder returns.
The market appears to believe that gains from real estate sales are supporting the stock's rise, while some market participants say that the stock's staying power will depend on the results of overseas M&A.
NXHD's closing price on the 24th was ¥5,713, up ¥154 from the previous day. There is a view that the contribution to growth from acquisitions of overseas companies will be a focus going forward.