The Nikkei average index rose by 220 points or 0.4%, with Panasonic and Sony performing well, while SoftBank's decline narrowed

AASTOCKS
2025.11.12 07:05

Japanese stocks rose and fell today (12th), with some earnings stocks seeing buying interest, but SoftBank's post-earnings weakness limited the market's gains. The Nikkei average opened up 145 points, initially falling 305 points to 50,537 points, then rising again, closing up 229 points at a high of 51,072 points, and ultimately rising 220 points or 0.4% to close at 51,063 points.

In the AI concept and semiconductor stocks, SoftBank (9984.JP) reported earnings that exceeded expectations, but the market is concerned that the benefits of investment returns may have peaked, with the stock price falling over 10% at one point, closing down 3.5%. Tokyo Electron (8035.JP) and Advantest (6857.JP) fell 1.6% and 0.2%, respectively, while Discus (6146.JP) and memory chip stock Kioxia (285A.JP) rose 0.2% and 0.3%, respectively. Raytech (6920.JP) rose 1.6%.

In the wire sector, Furukawa Electric (5801.JP) and Sumitomo Electric (5802.JP) rose 1.3% and 1.6%, respectively, while Fujikura (5803.JP) rose 4.1%. Electric power stock Tokyo Electric Power (9501.JP) rose 1.4%. In the heavy industry sector, Mitsubishi Heavy Industries (7011.JP) and IHI (7013.JP) fell 0.2% and 0.3%, respectively, while Kawasaki Heavy Industries (7012.JP) fell 1.3%. Mitsui E&S (7003.JP) raised its full-year earnings forecast, with its stock price rising 5.5%. JX Metals (5016.JP) fell 1%. Mitsui Mining & Smelting (5706.JP) raised its full-year earnings forecast, with its stock price soaring 23.3%.

In other stocks, Mitsubishi UFJ Financial (8306.JP) and Panasonic (6752.JP) rose 3.4% and 4.7%, respectively, while Rakuten Group (4755.JP) and Fast Retailing (9983.JP) fell 0.8% and 1.1%, respectively. Cartoon IP parent company Sanrio (8136.JP) rose 0.8%, while Toyota (7203.JP), Nintendo (7974.JP), and Hitachi (6501.JP) rose between 1.4% and 2.3%. Sony (6758.JP) reported second-quarter earnings that exceeded expectations and raised its operating profit forecast for the current fiscal year, with its stock price rising 5.5% yesterday (11th) and another 3.7% today. Shiseido (4911.JP) rebounded 5.4%, and Japan's leading real estate stock Mitsubishi Estate (8802.JP) rebounded 2.6%.

The Japanese yen fell about 0.3% during the Asian session, with the dollar rising to 154.6 yen. (fc/)

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