142 Japanese Companies' Stock Prices Soar Over 10 Times... Up to 236 Times Increase

by Kim Pyeonghwa

Published 23 Feb.2024 20:47(KST)

Updated 23 Feb.2024 22:10(KST)

"High-Tech Companies Emerging in Japan"

While the Nikkei 225 average stock price, the representative stock index of the Japanese stock market, hit an all-time high for the first time in 34 years, it was revealed that the stock prices of 142 Japanese companies rose more than tenfold.

A man checking the stock price board in front of a securities firm in Tokyo, Japan <br>[Image source=Yonhap News]

A man checking the stock price board in front of a securities firm in Tokyo, Japan
[Image source=Yonhap News]

The Nihon Keizai Shimbun reported on the 23rd that the stock price of the local food service company Zensho Holdings rose 236 times for the first time since its listing in 1997.

Following Zensho Holdings, the company with the next highest stock price increase is Lasertec. Lasertec produces devices that inspect semiconductor-related circuit wafers, and its stock price jumped 171 times. Also, the stock prices of IT companies Line Yahoo and Fast Retailing, the parent company of Uniqlo, rose more than 100 times.

The Nihon Keizai Shimbun explained, "Entrepreneurial managers with strong ambition and overseas investors supported this stock price increase," and added, "High-tech companies leading the world with excellent technology are emerging in Japan as well."