Earnings announcements for the April-June quarter by companies with fiscal years ending in March have largely run their course, with upward revisions to full-year forecasts prominent. At the same time, many companies are maintaining cautious forecasts for the second half. The Nikkei rose for a fourth straight session on the 14th, closing at ¥68,713.80.
Earnings announcements for the April-June quarter by companies with fiscal years ending in March have largely run their course, and more companies have raised their full-year forecasts. These upward revisions are supporting investor sentiment driven by expectations of strong earnings.
At the same time, however, many companies are maintaining cautious forecasts for the second half when their full-year growth is broken down, drawing attention to whether plans that include room for further growth can be achieved.
The Nikkei Stock Average rose for a fourth straight session on the 14th, closing 1% higher than the previous day at ¥68,713.80. The market was at times rattled by huge capital spending on artificial intelligence (AI) infrastructure.
Investors are increasingly seeking the potential upside embedded in companies’ plans, making the outlook for upcoming earnings a focus of attention.