Yen Depreciation Dividend Released, Japanese Companies See Performance Upgrade Wave

BlockBeats News, August 10th. According to Japanese media, the weakening of the yen is bringing significant business benefits to Japanese multinational corporations, with many companies raising their performance outlook in the latest round of earnings reports. Despite recent government interventions, the market expects the yen to remain under pressure.

Therefore, overseas-oriented companies such as Toyota Motor, Honda Motor, Sony, and the parent company of MUJI, Ryohin Keikaku Co., Ltd., have all raised their performance expectations.

According to an Okasan Securities report, out of approximately 1,600 component companies in the TOPIX index, since July 1st, 159 companies have raised their full-year performance forecasts, while only 12 companies have lowered their expectations. The overall percentage of performance outlook upgrades has reached 86%, the highest level since the 2016 fiscal year.