Skip to content

Sizzling Japan Summer Boosts Shares of Beverage and Candy Makers

  • Topix Foods Index has outperformed broader gauge this week
  • Early end to rainy season tends to boost Nikkei Index: Daiwa

It’s an unseasonably hot summer in Japan, and that’s good news for shares of cold beverage and candy makers.

Frozen confectionery manufacturer Seihyo Co. rallied 2.2% Friday to take its five-day gain to 14.5%. Bottled beverage maker Ito En Ltd. advanced 8.5% this week, while Coca-Cola Bottlers Japan Holdings Inc. and sweet maker Ezaki Glico Co jumped 5.4% and 4.1%, respectively.