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Mitsubishi Motors New Zealand, Foxtron to Roll Out Co-developed ASX VR-e BEV in Q4
Mitsubishi Motors (TYO:7211) unit Mitsubishi Motors New Zealand said it will launch a new battery electric vehicle, ASX VR-e BEV, co-developed with Foxtron Vehicle Technologies (TPE:2258) in the
Nomura Sticks to Their Hold Rating for Mitsubishi Motors (MMTOF)
Goldman Sachs Reaffirms Their Sell Rating on Mitsubishi Motors (MMTOF)
Sumitomo V, Mitsukoshi Isetan, etc. (added) Rating
Upgrades – Bullish Code Stock Name Securities Firm Previous Revised ---------------------------------------------------- <6861> Keyence Daiwa "3" "2" Downgrades – Bearish Code Stock Name Securities Firm Previous Revised ---------------------------------------------------- <6586> Makita Daiwa "1" "2" Target Price Revisions Code Stock Name Securities Firm Previous
Daily speculative trading in individual stocks driven by earnings reports.
[Equity Opening Comment] The Japanese stock market on the 4th is likely to trade with a close eye on currency and crude oil markets. On the 3rd, U.S. markets saw the NY Dow rise by 693 points and the Nasdaq surge by 540 points. Investor sentiment improved after U.S. President Donald Trump announced that he had called off a large-scale attack on Iran scheduled for the weekend and would resume negotiations instead. The rise in the ISM Manufacturing Index was also viewed as a positive catalyst. The Chicago Nikkei 225 futures stood at 63,390 yen, down 440 yen from the Osaka close. Yen exchange rate
Itochu reported a 20.3% year-over-year increase in first-quarter operating profit to ¥205.4 billion and announced a share buyback program of up to ¥300 billion.
Itochu Corporation <8001> reported consolidated results for the first quarter of fiscal year ending March 2027, with revenue rising 8.9% year-over-year to JPY 3,875.861 billion and operating profit increasing 20.3% year-over-year to JPY 205.455 billion. Strong performance in non-resource segments, including textiles, along with yen depreciation, contributed to higher earnings. Concurrently, the company announced a share buyback program of up to JPY 300 billion, covering a maximum of 190 million shares, equivalent to approximately 2.7% of its outstanding shares (excluding treasury shares). [Positive assessment] <7211> Mitsubishi Motors Q1|<