Bank of America (BofA) analysts have identified several Japanese stocks as top picks following their strong Q3 earnings, citing earnings reliability, growth potential, and investor confidence as key selection criteria.

Key Criteria for Selection

🔹 Recurring profit growth ≥ 10%
🔹 Guidance progress rates ≥ 80%
🔹 No fiscal year corporate downgrades
🔹 High earnings visibility

Top Japanese Stocks Highlighted by BofA

Toyota (NYSE: TM | TYO: 7203)

✅ Recurring profit +56.2% (above market expectations)
✅ Strong product lineup & cost-efficiency measures

Sony Corp (NYSE: SONY | TYO: 6758)

✅ Gaming & entertainment revenue boost (+20.8% earnings beat)
✅ Diversified revenue streams ensure stability

Financial Sector Leaders

✔ Sumitomo Mitsui (NYSE: SMFG | TYO: 8316)
✔ Mizuho (NYSE: MFG | TYO: 8411)
🔹 Higher net interest margins & effective cost controls drove profit growth

Takeda Pharmaceutical (TYO: 4502)

✅ Recurring profit +149.6%
✅ Strong drug sales & global expansion strategy

Outlook: Strong Growth Potential in Key Sectors

📈 BofA remains bullish on Japanese equities, particularly in:
✔ IT services
✔ Gaming & entertainment
✔ Financials

Track Japanese Stocks' Performance

📅 Earnings Calendar API - Monitor upcoming reports.
📊 Financial Growth API - Analyze stock growth trends.

With earnings strength & sector resilience, these Japanese stocks are set to outperform in 2024.