Looking at how Japanese companies fared with their April-June quarterly earnings, we can see that automobile manufacturers and major electronics producers posted large profit growth on the back of the weak yen and strong sales in the North American market. Additionally, inbound consumption (consumption from foreign visitors to Japan) was a boon to retailers, while electric and gas utilities firms benefitted from the cheap price of crude oil.
Important disclaimer information
This material has been prepared solely for the purposes of Nikko Asset Management to communicate about the market environment, etc. It is not solicitation for a specific fund. Moreover, the information in this material will not effect Nikko Asset Management's fund investment in any way.
Mentions of individual stocks in these materials neither promise that the stocks will be incorporated nor constitute a recommendation to buy or sell. The information in these documents have been prepared from what is considered to be reliable information but the accuracy and integrity of the information is not guaranteed by the Company. Figures, charts, and other data in these materials are current as of the date of publication unless stated otherwise. In addition, opinions expressed in these materials are as of the date of publication unless stated otherwise.
* The graphs, figures, etc., contained in these materials contain either past or back-dated data, and make no promise of future investment returns, etc. These documents make no guarantee whatsoever of future changes to the market environment, etc.
Opinions expressed in these documents may contain opinions that are not Nikko Asset Management's but the personal opinion of the author, and may be changed without notice.