Some companies’ business results also clouded their performance, with “Marui Group’s” share of retail store operations jumping 21%, while “Mitsubishi Motors”‘s share closed 9, 83% after expectations of lower earnings.
The steel company sub-index fell from the best performing sector in the morning to the worst performer after the weak results of “Nippon Steel”.
About 300 companies announced their results on Wednesday, rising to nearly 500 companies on Thursday, before the earnings season peaked at more than 1,000 companies on Friday.
Toyota Motor rose 2.5% after reporting positive financial results, but gains narrowed to just 0.78% at the close.
indicator performance
The Nikkei index closed down 0.41% at 29,122.18 points, after rising 1% on Tuesday, to end trading at the highest level since January 2022.
As for the broader Topix index, it fell 0.55% to 2,085.91 points, and it had closed Tuesday at its highest level since September 2021.
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