Investors are flocking to Mothers, Japan's emerging equity market
Nikkei -- Jun 25
Japan's Mothers index, an equity benchmark comprised of emerging companies, has gained strong momentum after hitting a bottom in mid-March.

Investors are buying on hopes that AI-led digital transformation, cyber security and greater use of the internet of things spurred by the coronavirus will fuel growth for many of the young businesses.

Mothers has skyrocketed over 80% since its March low, nearly double that of the Nasdaq's recovery in the same period. Other major global benchmarks have also rebounded following support by central banks and eases in city lockdowns. However, most indexes remain in negative territory in their year-to-date performance. Mothers, though, has risen 17%, beating Nasdaq's 12% gain.

On Wednesday, three companies debuted on Mothers. The listings were the first initial public offerings in over two months, as the market shake-up from the pandemic deterred many companies from stepping in.

Buy orders piled up for all three of the shares, which made it difficult for opening prices to be set.

In afternoon trading, one of the companies, Locoguide, which operates an online information service on shopping flyers to consumers, opened 2.3 times above its offering price. Opening prices for the other two companies including Ficha -- a developer of image recognition software based on machine learning -- had yet to be determined as demand for their shares continued to exceed supply.

With COVID-19 infections still being reported in Japan, especially in Tokyo, the opening prices of digital transformation-related companies that help people avoid direct contact with others have been strong.

Cyber Security Cloud, which listed on Mothers in late March, is developing a web security service that uses AI technology. Its opening price was more than twice the issuing price, with the share price now having risen to about six times the issuing price.

News source: Nikkei
Jul 12
More Japanese companies are using stocks as part of executive pay, seeking to shift management's focus to strategies that will increased share prices over the long term. (Nikkei)
Jul 11
The operator of Muji stores announced on Friday that its US unit filed for Chapter 11 bankruptcy, joining a list of retailers that have collapsed as a result of the coronavirus pandemic. (NHK)
Jul 11
A court in China has ruled that a Chinese filmmaker must compensate a Japanese production company for infringing on its copyright by using the firm's "Ultraman" character. (NHK)
Jul 11
ANA Holdings said Friday it will end its recruiting activities for fiscal 2021 as the prolonged pandemic makes planning for the future difficult. (Nikkei)
Jul 11
Japan's three major convenience-store operators are reporting a sharp drop in profits, as the coronavirus keeps customers at home. (NHK)
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. (