The Nikkei 225 fell sharply for a third consecutive session following ITO EN’s vending machine business restructuring and strong results, as well as Kewpie’s announcement of price increases. The key points on upcoming market and corporate developments are summarized here in a short format.
In today’s Japanese stock market, the Nikkei 225 fell sharply for a third consecutive session, dropping to ¥64,215.47 in the afternoon session. Declining US stocks and heightened tensions in the Middle East prompted broad-based selling amid rising crude oil prices and concerns over higher interest rates. Most stocks on the Tokyo Stock Exchange Prime Market declined, resulting in an across-the-board market sell-off.
ITO EN reported operating profit of ¥10.2 billion for the first quarter of the fiscal year ending April 2027 (May–July), up 22.0% year on year. The company established 伊藤園ネオス (vending machine business entity) by integrating its vending machine-related businesses, with the aim of improving profitability and operating efficiency. The move was viewed favorably by the market, and the stock reached a new year-to-date high.
Kewpie announced that it would raise prices by approximately 3–25% on household products shipped from 1 November and by approximately 2–38% on foodservice products. The company said the increases were necessary because it was difficult to absorb higher costs, and some market observers expect them to contribute to earnings from the next fiscal year onward.