TSE Itayose vs Zaraba: How Tokyo Opening, Closing & SQ Prices Are Set

Tokyo Stock Exchange opening and closing prices come from itayose call auctions that suspend time priority and cross all orders at a single price; everything in between trades zaraba, under strict price-then-time priority. Here is how both engines work, why special quotes and daily price limits can leave a marketable order unfilled, and how the monthly SQ settlement is built from each constituent’s initial price on settlement day.

Japan Ex-Dividend Dates: How Kenri-Ochi Shaves Points Off the Nikkei

For a September 30 record date under Japan’s T+2 settlement, the last day to buy with dividend rights is September 28 and the ex-dividend day (kenri-ochi) is September 29 — the morning thousands of stocks open lower at once and the Nikkei 225 carries a calculable dividend drag that has nothing to do with sentiment. Here is how to count the dates, estimate the drop, and avoid misreading it.

Nikkei Slips to 65,481 as Yields Bite — Chip Equipment Stocks Ignore the Tape

The Nikkei 225 fell 0.60% for a second straight loss as rising global yields and oil pressed on breadth — only one of 17 sectors advanced — while SCREEN and Disco rallied hard and Tokyo Electron gained ground. The TSE short-sell ratio held elevated at 43.1% into fiscal half-year-end ex-dividend week.

Japan Earnings Season: Kessan Calendar, TDnet Timing, and Guidance

Roughly two-thirds of listed Japanese companies close their books on March 31 and report in four clustered kessan waves, typically publishing on TDnet around the 15:30 cash close. The number that moves the stock is usually the company’s own full-year guidance — and its mid-year revisions — not the reported quarter.