海上观日

Market Observation - The trade agreement between the US and UK, along with the easing of trade tensions between the US and China, has positively influenced market sentiment, leading to a rebound in the Nikkei 225 index, which closed at 37,503.33, up 1.83% from the previous week, marking the first time it surpassed 37,000 points since March 28 [3][20] - The TOPIX index also saw gains, closing at 2,733.49, up 1.7%, achieving 11 consecutive trading days of increases [3][20] - The Bank of Japan (BOJ) maintained its interest rates but lowered its economic growth and price outlook for 2025, which has delayed expectations for future rate hikes [4][5] Company Specific Insights - NTT announced plans to privatize its subsidiary NTT Data Group, acquiring the remaining 42% of shares at a price of 4,000 yen per share, representing a 33% premium over the previous closing price, with an estimated total transaction value of approximately 2.37 trillion yen [6][7] - Toyota Motor Corporation projected a 1% increase in sales for the fiscal year ending March 2026, estimating sales of 48.5 trillion yen, while anticipating a decrease in operating profit by 1 trillion yen to 3.8 trillion yen due to rising costs associated with tariffs and currency fluctuations [8][9] - Toyota is also considering privatizing Toyota Industries Corporation, which holds 9% of Toyota's shares, as part of a broader strategy to improve corporate governance and streamline its asset structure [9] - Mitsubishi Corporation announced plans to acquire a 50.1% stake in Mitsubishi Foods, with an expected purchase price of 6,340 yen per share, totaling approximately 137.6 billion yen, aligning with its strategy to enhance its consumer-related business [10]