4:30 PM Tokyo – Market indexes in Japan declined for the fourth day in a row as investors reacted to domestic earnings and higher yen. Toyota Motor reported 2.2% increase in first-quarter revenues. Isuzu Motors said profits were ahead of expectations. Marubeni Corp sales in first-half increased 18%.
Market indexes in Japan and across Asia dropped for the fourth day in a row as the yen gained and exporters and trading companies led the most actively traded stocks.
The Nikkei 225 Stock Average dropped 154.19 or 1% to 15,320.31 and the broader Topix index slipped 12.66 to 1,263.53.
The yen closed at 102.58 against one U.S. dollar.
Stocks in Review
Gunma Bank Ltd
dropped 1.5% to 600 yen after the securities and investment services provider said net revenue in the first-quarter ending in June fell 1.6% to 34.05 billion yen from 34.60 billion yen a year ago period.
Net income in the quarter soared 24.7% to 7.34 billion yen compared to 5.89 billion yen and diluted earnings per share jumped to 15.78 yen from 12.58 yen a year earlier.
slipped 0.7% to 725.50 yen after the petro and agrochemical products maker reported net sales in the first-half ending in June climbed 18.2% to 3.69 trillion yen from 3.12 trillion yen a year ago period.
Net income in the quarter plunged 44.5% to 56.21 billion yen compared to 101.24 billion yen and earnings per share increased to 39.81 yen from 36.91 yen a year earlier.
Suntory Beverage & Food Ltd
slid 0.3% to 3,800 yen after the beverages and food maker reported net sales in the first-half ending in June soared 15.5% to 598.10 billion yen from 517.97 billion yen a year ago period.
Net income in the period surged 23.8% to 14.85 billion yen compared to 11.99 billion yen and earnings per share dropped to 48.06 yen from 55.52 yen a year earlier.
Toyota Motor Corp
edged up 0.02% to 6,042 yen after the automaker reported net revenue in the first-quarter ending in June jumped 2.2% to 6.39 trillion yen from 6.25 trillion yen a year ago period.
Net income in the quarter climbed 4.6% to 587.77 billion yen compared to 562.19 billion yen and diluted earnings per share increased to 185.34 yen from 177.32 yen a year earlier.