As of 10 a.m., the Nikkei had narrowed its decline from the previous day. Tokyo Electron's consolidated net profit outlook for the fiscal year ending March 2027 exceeded market expectations, at times lifting the Nikkei.
In morning trading on the Tokyo Stock Exchange, the Nikkei narrowed its decline and was trading in the ¥63,100 range. Tokyo Electron's strong earnings prompted buying in the market, lifting the Nikkei by approximately ¥280 through a single stock.
Kioxia, meanwhile, fell sharply after its profit outlook for the previous fiscal year fell short of market expectations. Some market participants said that funds could continue flowing into stocks with strong earnings, such as Tokyo Electron.
As of 10:00, estimated trading value on the TSE Prime Market was ¥2.2685 trillion, while estimated trading volume was 628.18 million shares.
Selling was notable in Alps Alpine products and Sumitomo Electric Industries, while Sapporo Holdings and Nitori Holdings were trading higher.