As the Nikkei 225 rebounded for the first time in 4 days, Shin-Etsu Chemical announced an interim dividend commemorating its 100th anniversary. Hitachi Ltd. plans to increase transformer production in the United States, while ASKUL released its earnings results.
The Nikkei 225 rebounded for the first time in 4 days and closed higher as investors assessed developments in the New York market. With the outcome of the Federal Open Market Committee (FOMC) meeting in view, investors bought technology stocks on dips, and the percentage of advancing issues across the market increased.
Shin-Etsu Chemical announced an interim dividend of ¥20 per share commemorating its 100th anniversary and indicated a policy of setting the annual dividend at ¥136, including the ordinary dividend of ¥58. Some market participants are also watching to see whether the company can maintain its dividend level next fiscal year.
Hitachi Ltd. announced that its subsidiary Hitachi Energy is strengthening transformer production in the United States and will build a new plant in Mississippi. The investment will total $528 million, and production capacity is expected to more than double.
ASKUL announced its results for the first quarter of the fiscal year ending May 2027, reporting an operating loss of ¥418 million. Although the recovery from the impact of the cyberattack was slow, the loss was not as large as the market had expected, raising expectations that the company will return to profitability from the second quarter onward.