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Trump's tariffs against China and the appreciation of the yen are favorable winds for manufacturing and retail.
The high tariffs imposed by the Trump administration on China could reach an astonishing level of up to 245%. Even the 145% tariffs on mutual trade are expected to significantly impact trade, and there are indications that this situation could work to Japan's advantage in terms of SPA (Specialty Retail). As the production of products for the USA decreases in Chinese contract factories, excess production capacity becomes available at lower prices. Additionally, the strong yen leads to profit margins on imports in US dollars, benefiting related businesses, including 100 yen stores.
March 10th [Today's Investment Strategy]
[Fisco Selected Stocks]【Material Stocks】First Juken <8917> 1035 yen (3/7) Single-family homes are the mainstay. The first-quarter financial results have been announced. Operating profit is 0.41 billion yen (up 41.5% year-on-year). With the addition of KHC, which sells high-value-added custom-built residences, to the group in October 2024, revenue increased by 20.1% compared to the same period last year, expanding the size of the group and improving profit margins. The operating profit for the fiscal year ending July 2025 is projected to be 2.85 billion yen (up 55.9% from the previous period).
BOJ Seeks More Rate Hikes but Not in Rush, Deputy Governor Says -- 2nd Update
Softness and the decline of the US Nasdaq weigh on the market, but the lower levels may remain stable.
[Emerging Markets Individual Stocks Global Strategy] Today, a sluggish trend is expected in the Emerging Markets. Yesterday, October 25th, in the US Stock Market, the Dow Inc rose by 159.95 points (+0.37%) to 43,621.16. Concerns about a recession have emerged as Treasury Secretary Yellen stated, "The private sector is entering a recession." Additionally, reports that the Trump administration is considering strengthening export regulations on Artificial Intelligence (AI) have put pressure on high-tech stocks. On the other hand, there are expectations for a ceasefire in Ukraine.
Today's individual materials: Astroscale, JPHD, Qusim, Vital KS, etc. (Announced on the 25th)
▽ Astroscale <186A.T> has received notification regarding the completion of the final milestone for the commercial debris removal demonstration phase 1 (contract amount: 1.94 billion yen) being promoted in collaboration with JAXA (Japan Aerospace Exploration Agency). ▽ JPHD <2749.T> has introduced a preferential treatment system for shareholders who have maintained their shareholding for more than six months on the reference date, and for those whose holdings of more than five units (500 shares) have been recorded in the shareholder registry with the same shareholder number for two consecutive times.
Stem Inc Cell Research Institute, Lear, ETC.
361 Sports Japan, which is engaged in the export and import of jellybeans sporting goods, has signed a dealership contract in Japan. <4584> From the 21st, 1.5 million shares will be delivered as a result of the large exercise of the 24th subscription rights of Kids Bio (with exercise price adjustment clause). <5254> Areent has acquired additional shares of PlantStream, which develops and sells software for the plant engineering industry, and has made it a wholly-owned subsidiary. <5532> Li