Nintendo soars past Tokyo Disney operator in stay-at-home world
Nikkei -- May 01
Companies poised to benefit from the changes wrought by the coronavirus pandemic have emerged as drivers of a budding recovery in Japan's stock market.

The Nikkei Stock Average rose 422 points, or 2%, Thursday to close above 20,000 for the first time in nearly two months and recover more than 20% from a low plumbed in March.

As expectations build for reopening locked-down economies around the world, investors are hunting for companies able to respond to the demands of a new era of living with the virus. Three key themes in this search are "no contact," "at home" and "medical."

"Now that people have learned the advantages of not going into the workplace or to the hospital, their behavior will fundamentally change," said Hiroshi Matsumoto, head of Japan investment at Pictet Asset Management in Tokyo.

Companies that support telework or serve homebound consumers have ridden this trend to higher valuations. With a recent surge, video game maker Nintendo's market capitalization surpassed that of Tokyo Disney Resort operator Oriental Land, a leader in the pandemic-ravaged entertainment sector. Shares of the company behind escapist hit Animal Crossing are up around 1.5% since the end of last year, compared with a 14.6% decline by the Nikkei average.

In the U.S. stock market, Netflix and Microsoft are going strong. In Europe, Germany-based meal kit delivery service HelloFresh and British online grocer Ocado have soared.

Remote services are going mainstream. M3, the Japanese operator of a medical news platform for physicians around the world, remains in its record-high range and is up 18% compared with the end of last year. Medley, a Tokyo-based medical records software developer that went public in December, has seen its price more than double.

With demand high for telemedicine, U.S.-based Teladoc Health and China's Alibaba Health Information Technology have seen their stock prices double since the end of last year. U.S.-based online study help platform Chegg and Chinese tutoring service provider GSX Techedu are soaring. Peloton Interactive, the American company behind the indoor-workout platform, has trended higher.

News source: Nikkei
Jul 09
Struggling businesses and other clients have left Japanese banks with record outstanding loans for a third straight month. (NHK)
Jul 09
Carlos Ghosn, the former Nissan Motor Co chairman, wired $862,500 last year to a company managed by one of the two men who later helped him escape from Japan, U.S. prosecutors said in a Tuesday court filing. (Japan Today)
Jul 08
Torrential rains in southwestern Japan forced more plants to close Tuesday as floodwaters poured into factories, knocked out power and threatened to cover roads. (Nikkei)
Jul 08
Japan's labor ministry says over 32,000 workers have been discharged by their employers or faced contract nonrenewal amid the coronavirus pandemic. (NHK)
Jul 08
Whenever people want to sell their car for any reason, they wish to go through the process of selling as smoothly as possible. During this marketing process of their car, people make common mistakes again and again that costs them in the low-profit margin. Enlisted below are 5 common mistakes done by the people in selling their vehicle. (newsonjapan.com)
Jul 07
Japanese automakers are moving beyond the plant shutdowns stemming from the coronavirus. They've brought most of their overseas facilities back online as they gear up for recovering demand. (NHK)
Jul 05
Panasonic is leaving the cash register business within the fiscal year ending March 2021, Nikkei has learned. (Nikkei)
Jul 05
A long-time plan to develop Tokyo as a major international financial center is getting a new twist -- prompting skeptics to reassess their views. (Nikkei)
Jul 04
Business sentiment improved for the first time in nine months in June, thanks to the resumption of economic activity nationwide, credit research company Teikoku Databank Ltd. said Friday. (Japan Times)
Jul 04
A Turkish judge on Friday released pending trial the four pilots and an aviation company manager accused of aiding former Nissan Motor Chairman Carlos Ghosn's escape from criminal custody in Japan. (Nikkei)