(RTTNews) - NIKON (7731.T) reported nine month loss attributable to owners of parent of 87.2 billion yen compared to profit of 6.3 billion yen, last year. Loss per share was 265.03 yen compared to profit of 18.02 yen. For the nine months ended December 31, 2025, revenue was 483.91 billion yen, down 5.6%. For the fiscal year ending March 31, 2026, the company expects: loss to owners of parent of 85...
(RTTNews) - NIKON (7731.T) reported nine month loss attributable to owners of parent of 87.2 billion yen compared to profit of 6.3 billion yen, last year. Loss per share was 265.03 yen compared to profit of 18.02 yen. For the nine months ended December 31, 2025, revenue was 483.91 billion yen, down 5.6%. For the fiscal year ending March 31, 2026, the company expects: loss to owners of parent of 85.0 billion yen, and revenue of 675.0 billion yen. Shares of NIKON are currently trading at 1,937 yen, down 0.92%. For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
NVIDIA’s (NVDA) year-to-date drawdown is best attributed to a repricing of discount rates and policy risk, rather than deteriorating fundamentals. The company’s valuation reflects expectations of sustained, robust AI-driven growth. When the market increases the probability of slower near-term AI capital expenditures, margin normalization during platform transitions, or ongoing geopolitically drive...
NVIDIA’s (NVDA) year-to-date drawdown is best attributed to a repricing of discount rates and policy risk, rather than deteriorating fundamentals. The company’s valuation reflects expectations of sustained, robust AI-driven growth. When the market increases the probability of slower near-term AI capital expenditures, margin normalization during platform transitions, or ongoing geopolitically driven revenue limitations, the resulting decline in present value disproportionately affects mega-cap growth leaders, even if current-quarter revenue remains strong. On February 5, 2026, NVDA Stock dropped to an intraday low of approximately $172, its lowest level of the year to date. This decline indicates a reassessment of the valuation investors assign to AI infrastructure cash flows, rather than a fundamental deterioration in those cash flows. What Matters Most Right Now 1) The Market Is Repricing The “Length” Of The AI Cycle, Not The “Existence” Of The AI Cycle NVIDIA’s reported demand picture remains strong, with fiscal Q3 2026 revenue of $57.0 billion and Data Center revenue of $51.2 billion. The company guided fiscal Q4 2026 revenue to $65.0 billion plus or minus 2%. Those are not recessionary numbers. They are “still accelerating” numbers. [1] The decline in NVDA stock reflects market uncertainty about the duration and trajectory of AI growth. Key considerations include the pace at which AI training demand transitions to inference, the extent of hyperscaler spending optimization, and the degree to which additional compute capacity translates into incremental NVIDIA gross profit as systems, networking, and competitive supply expand. Once a growth cycle becomes widely recognized, the market shifts focus from the existence of the cycle to changes in expectations. Even a minor downward adjustment to long-term growth assumptions can outweigh the impact of a strong quarterly performance. 2) Gross Margin, Optics, and Transition Risk Are Back In Focus NVIDIA is in the midst of...
ridham supriyanto/iStock Editorial via Getty Images I'm still rating Mitsubishi Electric Corporation ( MIELY ) (6503.T) as 'Buy.' MIELY's 3QFY26 (YE March 31, 2026) "Operating Profit/OP" was a substantial beat. Its full-year guidance was also revised upwards. This gives me the confidence that the firm's "Return On Equity/ROE" can improve to justify a more demanding multiple. The previous April 23,...
ridham supriyanto/iStock Editorial via Getty Images I'm still rating Mitsubishi Electric Corporation ( MIELY ) (6503.T) as 'Buy.' MIELY's 3QFY26 (YE March 31, 2026) "Operating Profit/OP" was a substantial beat. Its full-year guidance was also revised upwards. This gives me the confidence that the firm's "Return On Equity/ROE" can improve to justify a more demanding multiple. The previous April 23, 2025, write-up touched on my favorable preview of its full-year performance and Investor Day. Q3 Showing Was a Positive Surprise MIELY's latest quarterly financial numbers were disclosed on Tuesday, Feb 3. Its normalized OP went up +14% year-on-year to ¥145B in Oct-Dec '25. This came in 32% above the S&P Capital IQ consensus. In my opinion, the "Energy Systems/ES" and "Factory Automation/FA" units were standouts. ES's 3QFY2026 turnover of ¥0.12T was 28.7% higher YoY. That represented the strongest growth across MIELY's divisions. The company's results slides highlighted that ES benefited from "robust demand" associated with "increased investments in data centers (DCs)." I think that this business has a promising future. "Japan's data center market is expected to almost double to more than 5T yen (about $32B) in the five years to 2028" according to SA News . FA also led the group in profitability enhancement. Its EBIT-to-sales widened by +500bps (basis points) YoY to 12.7% for the recent three-month period. Rising "product prices" supported by substantial "capital expenditures for AI-related semiconductors" in Japan/China, boosted margins as per its earnings presentation. FA's operations have been positively impacted by external trends and internal developments. SA analyst Stephen Simpson anticipates "increased investment in back-end automation, as advanced packaging is becoming an increasingly critical component of semiconductor production." Also, SA News mentioned last year that MIELY set up the "FA business headquarters in China" to "expand its business" there. A forward...
For some of the most dramatic swings in financial markets in recent memory, look no further than the plunge in the price of silver on January 30. The precious metal suffered its largest one-day fall since March 1980, losing a staggering 27 per cent. Gold, silver’s more illustrious cousin, also experienced its steepest one-day decline since early 1980, dropping 9 per cent. The ferocity of the sell-...
For some of the most dramatic swings in financial markets in recent memory, look no further than the plunge in the price of silver on January 30. The precious metal suffered its largest one-day fall since March 1980, losing a staggering 27 per cent. Gold, silver’s more illustrious cousin, also experienced its steepest one-day decline since early 1980, dropping 9 per cent. The ferocity of the sell-off was matched only by the intensity of the surge in the precious metal markets in the past few months. Even after last Friday’s fall, silver is up around 50 per cent since December 1 while gold is around 16 per cent higher. The boom in precious metals is partly attributable to the dwindling number of safe assets amid mounting concern about the US dollar and Treasury bonds since US President Donald Trump returned to the White House. Advertisement Many investors are worried about the debasement of mainstream assets amid hefty fiscal stimulus in advanced economies, the threat posed by inflation and the erosion of governance standards and institutional autonomy in the United States. This makes precious metals, especially gold , an attractive diversifier or hedge. When Trump announced he would nominate Kevin Warsh to chair the US Federal Reserve, the debasement trade began to unravel as many investors drew comfort from the fact that Warsh, a former Fed governor, was less likely to go easy on inflation. This was enough to trigger a fierce sell-off in precious metals, especially given the blistering rally in recent months. Advertisement
格隆汇2月5日｜国家超算互联网应用技术大会暨核心节点上线试运行仪式在郑州举行。此次上线试运行的算力资源由曙光scaleX万卡超集群系统提供支撑，可对外提供超3万卡的国产AI算力，是国家超算互联网平台上线以来接入的全国最大单体国产AI算力资源池，可为万亿参数模型训练、高通量推理、AI for Science等大规模AI计算场景提供高效算力服务。
格隆汇2月5日｜国家超算互联网应用技术大会暨核心节点上线试运行仪式在郑州举行。此次上线试运行的算力资源由曙光scaleX万卡超集群系统提供支撑，可对外提供超3万卡的国产AI算力，是国家超算互联网平台上线以来接入的全国最大单体国产AI算力资源池，可为万亿参数模型训练、高通量推理、AI for Science等大规模AI计算场景提供高效算力服务。
The S&P 500 could decline sharply in 2026 under pressure from high valuations, sweeping tariffs, and midterm elections. The S&P 500 (^GSPC 0.51%) has advanced 1% year to date, and the benchmark index for U.S. stocks sits within a percentage point of its record high. However, the economic fallout from President Trump's tariffs, coupled with high valuations and midterm elections, could cause the sto...
The S&P 500 could decline sharply in 2026 under pressure from high valuations, sweeping tariffs, and midterm elections. The S&P 500 (^GSPC 0.51%) has advanced 1% year to date, and the benchmark index for U.S. stocks sits within a percentage point of its record high. However, the economic fallout from President Trump's tariffs, coupled with high valuations and midterm elections, could cause the stock market to decline sharply or even crash in 2026. Here's what investors should know. President Trump says tariffs are strengthening the economy and exporters are paying the bill, but data suggests otherwise In January, President Trump wrote an editorial in The Wall Street Journal. He said the tariffs imposed by his administration, which have raised the average tax on U.S. imports fivefold, have led to "extraordinarily high economic growth!" But that is a wild misrepresentation: While real GDP growth was well above average in the second and third quarters of 2025, the economy contracted in the first quarter. Collectively, real GDP increased 2.51% during the first nine months of 2025. That is actually below the 10-year average (2.75%), the 30-year average (2.58%), and the 50-year average (2.84%). Furthermore, artificial intelligence (AI) spending contributed 0.97 percentage points to real GDP growth during the first nine months of 2025, according to the Federal Reserve Bank of St. Louis. That means real GDP would have increased just 1.54% without AI spending. President Trump's editorial also claimed the tariff burden has "fallen overwhelmingly on foreign producers and middlemen, including large corporations that are not from the U.S." He wrote, "According to a recent study by the Harvard Business School, these groups are paying at least 80% of tariff costs." But that statement seems to be a complete fabrication. The study Trump linked explicitly states, "Our results suggest that U.S. consumers paid up to 43 percent of the tariff burden, with the rest absorbed by U.S. firms....
Netherlands To Tax Unrealized Gains: EU Wealth Grab And Global Implications Submitted by Thomas Kolbe A fiscal storm is brewing in the Netherlands. With the potential introduction of a tax on unrealized capital gains, The Hague is set to become a testing ground for the systematic transfer of wealth from the private sector to the state. Across all government levels, the European Union is increasing...
Netherlands To Tax Unrealized Gains: EU Wealth Grab And Global Implications Submitted by Thomas Kolbe A fiscal storm is brewing in the Netherlands. With the potential introduction of a tax on unrealized capital gains, The Hague is set to become a testing ground for the systematic transfer of wealth from the private sector to the state. Across all government levels, the European Union is increasingly transforming into an aggressive parasitic system. A fundamental clash between the public and private sectors is intensifying across the EU. In March, both chambers of the Dutch parliament will decide on the implementation of an annual tax on unrealized gains. Going forward, all increases in value—from real estate and stocks to bonds and cryptocurrencies—would fall under this fiscal framework. This move significantly accelerates the extraction of capital from the private sector, constituting a political rule violation. Already taxed income and assets would be hit again based on hypothetical gains, severely impeding private wealth accumulation. Support for this measure spans both right- and left-wing parties. It reflects a form of fiscal horseshoe logic, apparently anticipating a severe national financial crisis. For the EU as a whole, this is disastrous. That a nation with a debt ratio of just 46% and new borrowing of slightly over 2% of GDP would effectively declare war on private capital signals profound economic distortions in one of Europe’s most successful economies. One naturally asks: if this is happening in the Netherlands, what does it say about the rest of the European Union? The End of the Productive Economy A glance at Eurozone manufacturing suggests a storm is brewing. Deindustrialization in Germany, the largest industrial base in Europe, began in 2018 and has accelerated ever since, with massive capital flight. What applies to Germany applies even more so to the fragile peripheral European economies. For decades, Europe’s economy has shifted from production ...
Former actor Ian Fang has been stripped of his Singaporean permanent resident status and will be deported when he finishes serving a 40-month jail term for having sex with a minor. Shanghai-born Fang’s permanent residency was revoked on Thursday, Singapore’s Immigration and Checkpoints Authority (ICA) told The Straits Times. Once released from jail, he will be deported and barred from re-entering ...
Former actor Ian Fang has been stripped of his Singaporean permanent resident status and will be deported when he finishes serving a 40-month jail term for having sex with a minor. Shanghai-born Fang’s permanent residency was revoked on Thursday, Singapore’s Immigration and Checkpoints Authority (ICA) told The Straits Times. Once released from jail, he will be deported and barred from re-entering the country. Last May, the 35-year-old was sentenced to 40 months’ jail after he pleaded guilty to three counts of sexually penetrating an underage girl. Three similar charges, along with harassment and obstructing the course of justice, were taken into account during sentencing. Advertisement According to court records, Fang met the 15-year-old victim at an entertainment event in 2024. At the time of the offences, Fang was an acting teacher at First Model School, a modelling school for children aged between four and 14. The two went on to have sex on nine occasions, five of them unprotected, between June and July 2024. Advertisement After the girl’s mother found out and made a police report in August, Fang admitted to harassing the girl, including repeatedly calling her late at night and pressuring her to plead for leniency on his behalf.
Yuji Sakai/DigitalVision via Getty Images London ( UKX ) -0.38% to 10,361. Germany ( DAX:IND ) +0.07% to 24,619. Germany’s factory orders surged 7.8% M/M in December. France ( CAC:IND ) +1.01% to 8,262. Industrial production in France fell by 0.7% M/M in December. In other parts of Europe, retail sales in Hungary grew by 3.5% Y/Y in December. Finland’s trade deficit narrowed slightly to EUR 0.21B ...
Yuji Sakai/DigitalVision via Getty Images London ( UKX ) -0.38% to 10,361. Germany ( DAX:IND ) +0.07% to 24,619. Germany’s factory orders surged 7.8% M/M in December. France ( CAC:IND ) +1.01% to 8,262. Industrial production in France fell by 0.7% M/M in December. In other parts of Europe, retail sales in Hungary grew by 3.5% Y/Y in December. Finland’s trade deficit narrowed slightly to EUR 0.21B in December. The pan-European Stoxx 600 ( STOXX ) moved 0.05% lower to 617.8, as investors braced for upcoming policy decisions from the European Central Bank and the Bank of England, both widely expected to keep interest rates unchanged. Overall market sentiment remained pressured by a global tech sell-off. Coming up in the session: BOE and ECB interest rate decisions expected later in the day. In the bond market , the U.S. 10-year Treasury yield was down 1 basis point to 4.27%. Germany's 10-year yield was up less than 1 basis point to 2.87%. The UK's 10-year yield was up 2 basis points to 4.57%. Currencies: ( EUR:USD ) ( GBP:USD ) ( CHF:USD ) ETFs: (NYSEARCA: EWG ), (NYSE: GF ), (NYSEARCA: EWI ), (NYSEARCA: EWQ ), (NASDAQ: FGM ), (NASDAQ: DAX ), (NYSEARCA: FLGR ), (NYSEARCA: FXB ), (NYSEARCA: EWU ), (NASDAQ: FKU ), (BATS: EWUS ), (NYSEARCA: FLGB ), (NYSEARCA: GREK ) More on Europe U.S. Dollar Stakes Get Raised - What To Do Now In The Rates Space? Technical Levels For Major FX Pairs Ahead Of The FOMC Rate Decision DAX: What To Know About The ETF That Tracks The 'S&P 500' Of Germany Euro Area inflation eased to 1.7% in January, meeting estimates UK composite, services PMI jump in January
Elliott Investment Management has increased its stake in Toyota Industries Corp. again as the activist investor ramps up efforts to block the Toyota group’s bid to take the company private. The US fund now owns around 7.1% of Toyota Industries, according to a filing on Thursday. Since revealing a 5% stake in November, Elliott has increased its shareholding twice as it rallies investors to push for...
Elliott Investment Management has increased its stake in Toyota Industries Corp. again as the activist investor ramps up efforts to block the Toyota group’s bid to take the company private. The US fund now owns around 7.1% of Toyota Industries, according to a filing on Thursday. Since revealing a 5% stake in November, Elliott has increased its shareholding twice as it rallies investors to push for a better deal. The latest move, disclosed one week before the tender offer closes, may add to the challenges the Toyota group faces in getting a potential squeeze-out over the line. While Elliott’s campaign has already seen Toyota group sweeten its offer to ¥18,800 — valuing Toyota Industries at ¥6.1 trillion ($39 billion) — it’s still unclear how many of its fellow minority shareholders will join them in opposing a deal that’s become a high-profile test of Japanese corporate governance reforms. Read More: Elliott Stands a Chance at Foiling Controversial Toyota Deal Toyota Industries shares closed at ¥19,255 on Thursday, and have consistently traded above the group’s offer price. Elliott has previously suggested a standalone plan in which Toyota Industries could achieve a valuation of more than ¥40,000 per share by 2028 by unwinding cross-shareholdings, consolidating, improving capital allocation and implementing governance reforms. The Toyota group’s privatization bid is set to cost it ¥5.4 trillion, which includes ¥4.3 trillion for the Toyota Industries buyout, and needs two-thirds of voting shares for the tender to succeed. So far, owners of 4.1% of Toyota Industries stock have expressed their intent to tender shares at the below-market offer. Toyota Is Relying on Ties Over Price in Elliott Buyout Row Elliott Intensifies Standoff Over Toyota Industries Buyout Elliott Opposes Toyota Group Bid, Proposes Standalone Plan Should the proposal pass, the company would fall under the control of an unlisted real estate firm called Toyota Fudosan Co. The deal would rank among Japa...