4:30 PM Tokyo – Stocks in Tokyo closed higher and Topix index advanced to a new six-year high after the yen dropped to a new low against the dollar in the period. Aeon REIT said annual revenues and net income soared. Oki Electric soared on the revised earnings outlook.
Stocks in Japan closed higher and Topix extended its six-year high after the yen declined to a new six-year low against the dollar.
The Nikkei 225 Stock Average jumped 120.42 or 0.8% to 15,909.20 and the broader Topix index rose 4.45 to 1,311.24.
The yen declined to close at 106.85 against one U.S. dollar.
Stocks in Review
Aeon REIT Investment Corp
, the real estate investment company said revenue in the year ending in July surged 167.5% to 7.42 billion from 2.77 billion yen a year ago period.
Net income in the quarter climbed 207.6% to 2.34 billion yen compared to 759 million yen and earnings per share jumped to 2,460 yen from 2,062 yen a year earlier.
Benesse Holdings Inc
slid 0.1% to 3,720 yen after the education service provider said it will setup new data security systems and bolster customer information protection after dragged in to the country’s largest-ever data theft.
The company will mail 500 yen cash voucher to customers and a letter of apology for the massive data leak.
Japan Logistics Fund Inc
closed unchanged at 885,000 yen after the real estate developer reported net sales in the second-quarter ending in July climbed 4.9% to 6.97 billion yen from 6.65 billion yen a year ago period.
Net income in the quarter jumped 2.9% to 3.11 billion yen compared to 3.02 billion yen and earnings per share slipped to 3,743 yen from 3,783 yen a year earlier.
Nippon Telephone Inc
jumped 2.2% to 1,497 yen after the mobile communication provider said net sales in the first-quarter ending in July soared 16% to 1.83 billion yen from 1.58 billion yen a year ago period.
Net in the quarter swung to a loss of 15 million yen compared to profit of 16 million yen and loss per share swung to 4.49 yen from earnings per share of 4.77 yen a year earlier.
Oki Electric Industry Co., Ltd
climbed 7.2% to 254 yen after the information technology company lifted its profit forecast for the first-half ending in September to 5.5 billion yen from 1 billion yen and doubled its operating-income outlook to 6 billion yen.
The company increased its net sales guidance to an increase of 3.6% to 228 billion yen from the earlier estimate of 220 billion yen. Net income in the first-half to surge 6.92 billion yen compared to previous projection of 0.69 billion yen announced on May 8.