February 2024 Result [Asset Trends Disclosure]

2024年3月20日 2024年3月23日

Summary of investment and asset management performance for February 2024.

This article was written on March 20, and I apologize for the significant delay in posting it. I have documented the status of our assets as of the end of February and would like to share that information with you.

Notes on exchange rates and other figures

This article calculates the exchange rate at "$0.0067/yen" (150 yen/$).

The sales and other figures used in this article are current as of the time of writing. Depending on your viewing period, the figures may have changed significantly.

Table of Contents(目次)

February 2024 Result
Nikkei 225 remains steady.
Which of my holdings have momentum?
Finally
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February 2024 Result

The chart below shows the transition of my assets. The rightmost point is at the end of February 2024, which is 39.9 million yen (about $0.27 million). At the end of January 2024, my assets were 37.47 million yen (about $0.26 million), which means an increase of 6.49%.

Nikkei 225 remains steady.

The Nikkei 225 stock price has reached an all-time high. The Nikkei 225 is Japan's leading stock price index and comprises 225 of Japan's largest companies. The index had been unable to break its all-time high since its closing price of 38,915.87 yen on December 29, 1989. However, on February 22, 2024, the closing price finally reached 39,098.68 yen, the highest price in about 34 years.

For most Japanese companies, March is the end of the fiscal year. Therefore, Q3 results for many companies are announced every February. In the current term, the Q3 results of many companies seem to indicate that there were many increases in sales and profits. Therefore, the Nikkei 225 seems to be rising in anticipation of future earnings improvement.

The Nikkei 225 continued to gain momentum in March, reaching over 40,000 yen as of March 20. It is unclear how far the rise will continue, but the momentum remains strong.

Which of my holdings have momentum?

Several stocks are gaining momentum among my holdings, and FPG (Financial Products Group Co., Ltd.) is one of the strongest. Below is a chart from January 2024 to the present.

On February 1, FPG's stock price rose sharply because of its good first-quarter results, which were announced on January 31.

	FY2023 Q1	FY2024 Q1	Percentage change
Revenue	17,416	24,393	40.1%
Operating income	7,092	8,321	17.3%
Ordinary income	7,049	8,595	21.9%
Net income	4,560	6,382	40.0%

Unit: Millions of yen (https://ssl4.eir-parts.net/doc/7148/tdnet/2386620/00.pdf)

Revenue and net income are 40% higher than FY2023 Q1. This is the highest profit ever for Q1. Currently, the company's full-year forecast is unchanged from the beginning of the period, but the webmaster believes an upward swing is possible. In Japan, TOYOTA Motor Corporation and other large companies are experiencing the most significant wage increases in the past decade. With profits rising in many industries, there is likely greater demand from wealthy individuals and small business owners, FPG's clients.

Finally

My assets increased steadily in February and are still doing well as of March 20. Other than FPG, my holdings' financial results are generally up in revenue and profit, so I expect to see more progress in Japanese stocks.

Note

The information on this website is not intended as a solicitation to invest or as investment advice. It is not intended to suggest or guarantee future trends in stock value, nor is it a recommendation to buy or sell. Investment decisions should be made at the user's discretion. While every effort has been made to ensure the accuracy of the information contained in this website, the website administrator assumes no responsibility for any errors in the information, problems caused by downloading data, or any other losses incurred as a result of trading in stocks or other securities.