Tokyo stocks close down 120 yen as SoftBank Group decline weighs on market

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Fri May 8, 2026 4:06 pm JST Market

Tokyo stocks fell on the 8th, with the Nikkei average reversing course after the previous day's sharp gains. SOFTBANK GROUP <9984> dragged down the overall market.

The Nikkei average closed at 62,713.65 yen, down 120.19 yen from the previous day. Trading volume on the Prime Market was 3,036 million shares. Trading value totaled 10,963,100 million yen. Advancers numbered 712, while decliners totaled 819, with 43 issues unchanged.

Uncertainty emerged over efforts to end the conflict between the United States and Iran, sending the Dow Jones Industrial Average down 313 points the previous day, with the Nasdaq also declining. Tokyo stocks followed U.S. equities lower. With the Nikkei average having surged to a record high the previous day, profit-taking emerged in AI and semiconductor-related stocks. SOFTBANK GROUP in particular fell, weighing down the Nikkei average by more than 230 points on its own. TOYOTA MOTOR <7203>, which announced earnings in the afternoon session, also declined as investors reacted negatively to its forecast for lower profits this year. With the U.S. April employment report scheduled for release this evening and the weekend approaching, position adjustments also intensified. The Nikkei average fell nearly 700 yen at one point, but buying on dips remained strong, and the decline narrowed in the afternoon session. The special quotation (SQ) for May stock index options was reportedly 62,628.64 yen.

Among individual stocks, LASERTEC <6920> and DISCO <6146> were lower, while FURUKAWA ELECTRIC <5801>, SONY GROUP <6758>, and MITSUBISHI HEAVY INDUSTRIES <7011> were weak. RENESAS ELECTRONICS <6723> and SHIN-ETSU CHEMICAL <4063> declined. MITSUBISHI UFJ FINANCIAL GROUP <8306>, TOKIO MARINE HOLDINGS <8766>, and DAIKIN INDUSTRIES <6367> also fell.

On the other hand, KIOXIA HOLDINGS rose, while ADVANTEST <6857> and TOKYO ELECTRON <8035> were firm. SUMCO <3436>, JX ADVANCED METALS <5016>, and MITSUI KINZOKU <5706> gained. FANUC <6954>, MURATA MANUFACTURING <6981>, and YASKAWA ELECTRIC <6506> were bought.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.