The Nikkei 225 Stock Average lost 11.16 yen (-0.06%) to 17,736.96 (range: 17,712 – 17,827). Nikkei 225 futures in Osaka gained 20 points to 17,770 (range: 17,720 – 17,850). We saw a little profit-taking, buying back some positions and rotating to firms with strong earnings. Essentially, the typical scene ahead of Friday’s SQ with earnings [...]
Archive | May 10, 2007
Shinsei Bank Targets Return to Profitability
Consumer finance woes have taken a bite out of Shinsei (JP: 8303) too! Net income for the year-ending March 2008 is expected to be ¥72 billion vs. a loss of ¥61b this fiscal year-ended March ’07. Coverage of its earnings by Bloomberg notes it is the worst performing bank stock in Japan this year and [...]
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