As the Nikkei average rebounded, Zensho Holdings renewed its record high since listing, Pan Pacific International Holdings rose sharply, and Mercari fell sharply. Attention is also focused on their future performance.
In today's Japanese stock market, the Nikkei average rebounded and at one point rose into the ¥61,900 range, but buying of technology stocks did not continue, and domestic-demand stocks prevailed. The previous day's US market was weighed down by speculation that Nvidia's CEO might resign, as well as higher oil prices and rising interest rates, but buying led the Tokyo market. By sector, stocks with high domestic-demand exposure rose, while technology stocks saw signs of a correction.
Zensho Holdings renewed its record high since listing as a stock in focus today. First-quarter operating profit rose 39.7% year on year to ¥56.4 billion, and the company raised its full-year forecast, although some viewed the revision as conservative because it reflected only the upside. Pan Pacific International Holdings reported first-quarter operating profit of ¥44.1 billion, up 6.7% year on year, prompting views that take into account its future investment plans and the competitive environment. Mercari reported first-quarter operating profit of ¥14.9 billion, up 68.6% year on year, but left its full-year forecast unchanged.