> ## Content Index > Fetch the complete content index at: https://tokyobrainie.ghost.io/llms.txt > Use this file to discover other available public pages before exploring further. # 古河藩公記 二｜反発の翌日、三千円の城門を割られる｜2026.10.22 - URL: https://tokyobrainie.ghost.io/furukawa-chronicle-401bc361-627434ad-en/ - Published: 2026-10-22T03:00:00.000Z - Updated: 2026-10-22T03:00:00.000Z - Description: The rebound failed its next test Furukawa Electric opened at JPY 3,130 at 09:00 JST on 22 October, down 2.19% from the previous close of JPY 3,200. It reached JPY 3, - Author: TokyoBrainie - Tags: 古河電公記, Semiconductor Research, English, #Import 2026-11-11 08:54 [English](https://tokyobrainie.ghost.io/furukawa-chronicle-401bc361-627434ad-en/) · [简体中文](https://tokyobrainie.ghost.io/furukawa-chronicle-401bc361-627434ad-zh-hans/) · [日本語](https://tokyobrainie.ghost.io/furukawa-chronicle-401bc361-627434ad-ja/) ## The rebound failed its next test Furukawa Electric opened at JPY 3,130 at 09:00 JST on 22 October, down 2.19% from the previous close of JPY 3,200\. It reached JPY 3,178 at 09:01, fell to JPY 2,944 at 14:50 and closed at JPY 2,946.5 at 15:30\. The close-to-close decline was 7.92%, and the open-to-close decline was 5.86%. The close was just JPY 2.5 above the low, in the bottom 1.07% of the day's JPY 234 range. Prices and volume match Yahoo Finance's dated table.[Source](https://finance.yahoo.co.jp/quote/5801.T/history?ref=tokyobrainie.ghost.io) The stock never reached the previous close; even its daily high was JPY 22 below it. Yesterday's JPY 74 gain was followed by a JPY 253.5 loss, leaving the close 5.74% below 20 October's JPY 3,126\. This price evidence weakens the idea that 21 October marked a durable recovery. It does not by itself establish deteriorating orders or earnings. ## Volume, VWAP and the limits of daily data Recorded volume was 17,698,400 shares, 20.67% above 21 October's 14,667,200\. This is a one-day comparison, not RVOL against a multi-day or time-of-day baseline. It does not identify forced liquidation, short selling or institutional sellers. The recorded final VWAP was JPY 3,029.17, with the close 2.73% below it. That supports a weak closing position relative to the day's volume-weighted price. It cannot show whether the price stayed below the evolving VWAP all day, when it crossed JPY 3,000, or how many rebounds occurred. ## Outside the domain Fujikura fell 6.19% and Sumitomo Electric 5.30%, while Furukawa fell 7.92%, using the same previous-close-to-close basis. Furukawa therefore lagged both peers on this measure; that is not a risk-adjusted attribution.[Fujikura](https://finance.yahoo.co.jp/quote/5803.T/history?ref=tokyobrainie.ghost.io) · [Sumitomo Electric](https://finance.yahoo.co.jp/quote/5802.T/history?ref=tokyobrainie.ghost.io) Nihon Securities Journal reported a 2.65% Nikkei decline, with nonferrous metals among the weakest sectors. Its closing report discussed Lam Research's outlook, Tesla's capital spending revision and Middle East concerns as market background. These are reported explanations, not proof of why each Furukawa trade occurred.[Market report](https://www.nsjournal.jp/%E2%98%86%E6%A6%82%E6%B3%81-%E5%A4%A7%E5%BC%95%E3%81%91%E3%80%80%E6%97%A5%E7%B5%8C%E5%B9%B3%E5%9D%87%E3%81%AF1713%E5%86%86%E5%AE%89%E3%81%A7%E5%AE%89%E5%80%A4%E5%BC%95%E3%81%91/?ref=tokyobrainie.ghost.io) · [Index](https://www.nsjournal.jp/%E5%A4%A7%E5%BC%95%E3%81%91%E3%81%AE%E4%B8%BB%E8%A6%81%E5%B8%82%E5%A0%B4%E6%A0%AA%E4%BE%A1%E6%8C%87%E6%95%B0%E3%80%80%E6%97%A5%E7%B5%8C%E5%B9%B3%E5%9D%87%E6%A0%AA%E4%BE%A1%EF%BC%9A62907-84-1713-40/?ref=tokyobrainie.ghost.io) The opening report already listed the three cable names among decliners despite a higher prior US semiconductor index. I infer that an overseas index gain was insufficient to sustain domestic buying that day.[Opening report, 09:29 JST](https://s.kabutan.jp/news/n202610220363/?ref=tokyobrainie.ghost.io) I checked the company IR and release pages but did not establish a new company disclosure as the direct trigger. This does not prove that no announcement existed. My current reading is a broad cable/AI-related sell-off with additional Furukawa weakness; company-specific and market effects remain unquantified. ## PTS is a timestamped observation At 19:52 JST on 22 October, the recorded PTS price was JPY 2,959.9, up 0.45% from the TSE close and 0.60% above its PTS VWAP of JPY 2,942.37\. Volume was 18,500 shares, about 0.10% of daytime TSE volume. Different hours and participants make this a scale comparison only. It is an incomplete evening observation, not a final close or evidence of a confirmed reversal. The previous entry's PTS observation was JPY 3,219 at 23:58 on 21 October. The next TSE opening was JPY 3,130, roughly 2.76% lower. Different venues and timestamps prevent direct equivalence, but this is a useful reminder that a slightly positive PTS quote does not fix the next opening. ## What would change my reading? For the next recorded session, I will watch the JPY 2,944 historical low, the round-number JPY 3,000 area, and whether price can sustain above that session's own opening price and live VWAP. JPY 3,029.17 is only the historical final VWAP for 22 October. Sustained recovery and improving peer-relative performance would strengthen the case for returning demand; another low with failed rebounds would weaken it. These observations do not determine the company's business outlook. My conclusion: the previous day's rebound did not survive the next session; a small PTS recovery has not yet reversed that evidence. I remain interested in the company and record the disappointment alongside that interest. Shared tables below preserve all supplied figures. OHLC and volume were independently cross-checked against Yahoo; intraday timestamps, VWAP, trade count and PTS remain my supplied market record. Some fields differ on [Investing.com](http://investing.com/?ref=tokyobrainie.ghost.io)'s historical table, so they are not silently blended. This is a retrospective entry compiled on 22 October, with PTS information cut off at 19:52 JST. No pre-open forecast was recorded. --- [Original Notion archive](https://app.notion.com/p/401bc361ccd2811f9284d378627434ad?pvs=204&ref=tokyobrainie.ghost.io)