Cave Hits Daily Limit High as Tokyo Game Stocks Trade Mixed
Cave was quoted at the daily limit high on October 15 after its record first-quarter operating profit, while 41 of 98 game and entertainment stocks rose.
Cave's stock was quoted at the daily limit high with buy orders on October 15, after the company's first-quarter earnings released on October 14 showed a record operating profit, according to gamebiz.jp.
Shochiku shares rebounded on October 15 following a sharp fall the previous day tied to its earnings report. In the Tokyo Stock Exchange morning session, 41 of 98 listed game and entertainment stocks rose, 56 fell and 1 was unchanged.
HEROZ and Silicon Studio continued to attract buying on October 15 as physical AI related stocks.
The Nikkei 225 ended the morning session at 64,489.06, down 325.23.
Cave announced its first-quarter earnings on October 14, while Shochiku reported interim earnings for the fiscal year ending August on the same day, showing lower revenue and profit.
Quick answers
Why did Cave's stock hit the daily limit high?
Cave's stock was quoted at the daily limit high with buy orders on October 15 after its first-quarter earnings, released on October 14, showed a record operating profit.
How did game and entertainment stocks perform on October 15?
In the Tokyo Stock Exchange morning session, 41 of 98 listed game and entertainment stocks rose, 56 fell and 1 was unchanged.
Why did Shochiku shares rebound?
Shochiku shares rebounded on October 15 after falling sharply the previous day on its earnings report.