Japanese Shares Decline as Investors Take Profits
2026-05-14 06:49
By
Jam Kaimo Samonte
1 min. read
The Nikkei 225 Index fell 0.98% to close at 62,654 on Thursday, while the broader Topix Index lost 1.03% to 3,879, with Japanese equities retreating from record highs as investors locked in profits following a strong rally.
SoftBank Group dropped 4.3% despite reporting a sharp increase in quarterly profit driven by valuation gains tied to its investment in OpenAI.
Meanwhile, Fujikura plunged 19.1% even after posting strong double-digit growth in both sales and profits.
Elsewhere, mining company Mitsui Kinzoku declined 7.9% after issuing a weaker profit outlook for FY2027 despite forecasting higher revenue.
Other major decliners included Kioxia Holdings (-4.6%), JX Advanced Metals (-4.7%), Mitsubishi Heavy Industries (-5.7%), Sumitomo Electric (-5.1%) and Sony Group (-5.3%).
Investors also continued monitoring the meeting between US President Donald Trump and Chinese President Xi Jinping amid hopes for improved relations despite ongoing tariff disputes and other contentious issues.