Follow strong stocks! Is it true [Masami Uchida]

Masami Uchida Profile

Entered Radio Nikkei in 1998. He/She担当 stock information programs such as "Economic Information Network" and "Tokyo Stock Live Commentary," later becoming a freelancer. Currently serves as a program host for Radio Nikkei and Nikkei CNBC, and works as a writer contributing articles to multiple media outlets, continuing to be active in various fields. In November 2017, published his/her first book, “FX Billion Trades! The 7 Winners’ Traders Reveal Their Ways of Thinking and Techniques.”

＜Programs currently appearing on Radio Nikkei＞ The Money (Mon-Fri 15:10-16:00, Monday in charge), Investment Strategy Radio - Spark of Ideas (every Tuesday 14:30-15:00), Signal Trade Factory (every Tuesday 16:00-16:30), The Smart Trader PLUS (every Thursday 16:00-16:30), Night Trade (Friday 21:30-22:30, alternate weeks in charge)＜Programs appearing on Nikkei CNBC＞ Night Express (Mon-Fri 21:00-22:40, Thursday in charge), Real Estate Investment Lab (20:15-20:45, every Friday and others)＜Current magazines and sites serialized＞ 'Forbes JAPAN' (LinkAtize), 'Toyo Keizai Online' (Toyo Keizai Inc.), 'All About (FX Guide)' (All About)

※This article is a reprint/re-edit of an article from FX攻略.com November 2020 issue. The market information stated in the text may differ from current market conditions, please note.

Q2-Q4 results said to have an 80% decline. What happened in reality?

Company quarterly earnings for April-June are mostly in. With the coronavirus spreading worldwide and people disappearing from street life, how did companies move and endure through those three months? It seems there hasn’t been a quarterly report that was watched as closely as this one.

As for performance, major companies saw about a 20% year-on-year drop in sales, and ordinary income and net income both fell by more than 50%. Indeed, the figures were harsh, but there were forecasts in the market that the declines might be around 70-80%, so companies managed to hold on and showed resilience, I think.

What matters is how the future will unfold, so this time I focus on the future in my field note.