A selection of 11 leading stocks with market capitalizations exceeding ¥1 trillion is presented, focusing mainly on AI and semiconductor-related stocks due to announce earnings in late October and expected to deliver sharp earnings growth. Kioxia Holdings and Ibiden are among them. Investors will want to watch how their share prices respond to the upcoming earnings announcements.
Against the backdrop of a decline in the Nikkei 225, a screening of stocks expected to deliver sharp earnings growth at their upcoming earnings announcements has been presented. The companies covered are said to meet conditions including being listed on the TSE Prime Market, having a market capitalization of at least ¥100 billion, having a March fiscal year-end, being scheduled to announce earnings between 26 and 30 October, and having consensus EPS estimates published by at least 3 analysts. The resulting list consists mainly of leading stocks with market capitalizations of at least ¥1 trillion.
In addition to its position as a major NAND flash memory manufacturer, Kioxia Holdings is said to have production volumes among the world's highest through its structure, which includes a joint venture with SanDisk. First-quarter revenue rose sharply to ¥1.7671 trillion, while operating profit reached ¥1.27 trillion, and the company has presented a plan indicating that it expects earnings growth of a similar magnitude in the second quarter. The expected low level of its forward P/E ratio is also attracting attention.
Ibiden holds a position among the world's leading manufacturers of IC package substrates, and its transactions with NVIDIA are regarded as particularly important. First-quarter revenue was ¥123.219 billion and operating profit was ¥26.88 billion, and the company raised its earnings forecast for the fiscal year ending March 2027. It has also indicated a policy of obtaining advance funding from NVIDIA, Intel and others to finance capital investment.