- Japanese stocks saw a decline: the Topix Index dropped by 0.3% to 2,701.22, and the Nikkei fell by 0.5% to 38,535.70.
- Kansai Electric significantly impacted the Topix Index, with its shares plummeting 18% after announcing plans to raise up to ¥504.9 billion from a share sale, leading to fears of earnings dilution.
- Twice as many stocks in the Topix index experienced losses compared to those that gained.
- The semiconductor sector also faced declines, partly due to concerns over potential rising US-China tensions following President-elect Donald Trump’s appointments of China hawks.
- Some export-related stocks gained due to the yen’s weakening, and banking sector stocks rose alongside increasing Japanese long-term bond yields.
- Among the gainers were ADVANCERSTHK (+11%), Toyo Tire (+8.6%), and Hoshizaki (+7.3%), with Hoshizaki marking the longest winning streak in seven years.
- Kansai Electric (-18%), Rohto Pharma (-18%), and Horiba (-15%) were among the day’s major decliners.
- 24 out of 33 sector indexes on the Tokyo Stock Exchange declined, with the Nonferrous Metals Index performing best and the Electric Power & Gas Index falling the most.
- The Topix 500 has risen 15% year-to-date compared to the MSCI AC Asia Pacific Index, which is up 7.2%.
- Currently, Topix 500 members are trading at 14.7 times their estimated earnings for the next 12 months.
Mizuho Financial Group on Smartkarma
Analyst Sumeet Singh from Smartkarma has provided insight into Mizuho Financial Group‘s cross-shareholdings. In the research report titled “Mizuho Cross-Shareholding – US$11bn of Cross-Shareholding, with at Least US$2bn to Sell over FY24-26,” Singh discusses Mizuho’s significant stake of over US$100m in 34 listed Japanese stocks, totaling around US$7bn. The report delves into potential candidates for further selldowns, shedding light on Mizuho’s cross-shareholding strategy.
A look at Mizuho Financial Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Mizuho Financial Group is positioned favorably for long-term success. With strong scores across the board – Value 4, Dividend 4, Growth 3, Resilience 4, and Momentum 4 – the company demonstrates a solid overall outlook. Mizuho Financial Group, Inc. provides a wide range of financial services through its subsidiaries, including general banking, securities brokerage, trust banking, and asset management.
Investors looking for a reliable and well-rounded financial institution may find Mizuho Financial Group an attractive option. The company’s high scores in value, dividend, resilience, and momentum indicate a stable and potentially rewarding investment opportunity in the long term. With a diverse portfolio of financial services, Mizuho Financial Group is positioned to navigate various market conditions and deliver value to its stakeholders.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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