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Recovery to 35,000 yen due to easing of US-China trade tensions and expectations from the Japan-US finance ministers' meeting.
The Nikkei average continued to rise, finishing the day at 35,039.15 yen, up 170.52 yen, recovering the 35,000 yen mark for the first time in three weeks with an estimated Volume of 1.8 billion 80 million shares. The U.S. market on the 23rd rose on expectations of easing U.S.-China trade tensions following reports from U.S. Broadcasting that the Trump administration is considering lowering tariffs on China. Following this trend, the Tokyo market began with Buy activity focused on high-tech stocks, and the Nikkei average reached 35,287 shortly after the opening.
Earnings Preview: TDK (ADR) to Report Financial Results on April 28
Trends of ADR on the 22nd = In yen terms, Fujifilm, Kawasaki Heavy Industries, Mitsubishi UFJ, etc. are high.
On the 22nd, the ADRs (American Depositary Receipts) had a comprehensive rise compared to the Tokyo closing prices, based on yen conversion values. In terms of yen conversion, Fujifilm <4901.T>, Kawasaki Heavy Industries <7012.T>, Mitsubishi UFJ <8306.T>, Mizuho <8411.T>, and SoftBank Group <9984.T> saw increases. Sony Group Corp <6758.T>, TDK <6762.T>, Mitsubishi Heavy Industries <7011.T>, Toyota <7203.T>, and Mitsubishi Corporation <8058.T> also performed well. Provided by Wealth Advisor.
Akita Universities and TDK have concluded a partnership agreement.
Akita Universities and TDK have concluded a partnership agreement aimed at mutual development and social contribution. In addition to the partnership agreement, TDK has acquired the naming rights for Akita Universities "Hand Written Campus University Hall" (TDK Venture Spirit Hall). On April 22, 2025, the National Universities Corporation Akita Universities (President: Yoshihiro Minamiya, hereinafter referred to as "Akita Universities") and TDK Corporation (President: Noboru Saito, hereinafter referred to as "TDK") announced today the conclusion of the partnership agreement. The academic expertise held by Akita Universities.
Murata, along with Kirin HD, TDK, Kao, and other nine companies, is working on PET bottle recycling through CR.
Murata Manufacturing <6981.T> announced on the 21st that Kirin Holdings <2503.T>, JEPLAN (Kawasaki City, Kanagawa Prefecture), TDK <6762.T>, Kao <4452.T>, the Kirin Group's FANCL, and Kirin Beverage, Pet Refine Technology (Kawasaki City, Kanagawa Prefecture), and Asahi Group's Asahi Soft Drinks are collaborating across nine companies in the industry to carry out chemical recycling (CR) of PET materials for beverage bottles and non-food applications.
TDK has established Fund 3, a 0.1 billion 50 million dollar fund to promote the growth of startups that will shape the future.
Through TDK Ventures, a corporate Venture Capital established in 2019, TDK aims to achieve a sustainable future and societal contribution, investing globally in early-stage entrepreneurs aspiring to create social ripple effects. Fund 3 has reached a total asset under management of 0.5 billion dollars, supporting TDK's transformation towards sustainable growth. Fund 3 inherits Fund 2 and focuses on mega trends that our company emphasizes, exploring new markets/applications.
