This is a summary of 3 ToshiL articles published last week. The articles address what will change in the TOPIX review beginning in October, the view that Kioxia could see approximately ¥2 trillion in buying demand, credit concerns arising from the sharp falls in the Nikkei average and CoreWeave bonds, and five Japanese stocks focused on improving their “earning power.”
The article examines what will change in the TOPIX review beginning in October. It is said to organize the outlook and points to note in light of the impact of this supply-and-demand event.
The article presents an analysis that Kioxia is expected to attract approximately ¥2 trillion in buying demand and examines the impact of supply-and-demand dynamics on its share price.
Alongside the sharp decline in the Nikkei average, the article points to rising credit concerns amid the steep fall in CoreWeave’s bonds. It reports that a cautious short-term stance and careful assessment of individual companies’ earnings are important.
The article on five Japanese stocks building their “earning power” discusses improvements in ROE and ROIC and progress in growth investment, and is said to introduce 5 stocks taking on the challenge of improving capital efficiency.