> ## 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.

# 古河電公記 十一｜殿！ここで終わらせませぬ！！――家臣団が支える大崩れの日｜2026.11.05
- URL: https://tokyobrainie.ghost.io/furukawa-chronicle-40fbc361-6afcb6c6-en/
- Published: 2026-11-05T03:00:00.000Z
- Updated: 2026-11-05T03:00:00.000Z
- Description: A severe decline, with only a small late recovery Furukawa Electric opened at JPY 2,512 at 09:03, 2.81% below the previous close of 2,584.5. The high was 2,512.5 in
- Author: TokyoBrainie
- Tags: 古河電公記, Semiconductor Research, English, #Import 2026-11-11 08:54

[English](https://tokyobrainie.ghost.io/furukawa-chronicle-40fbc361-6afcb6c6-en/) · [简体中文](https://tokyobrainie.ghost.io/furukawa-chronicle-40fbc361-6afcb6c6-zh-hans/) · [日本語](https://tokyobrainie.ghost.io/furukawa-chronicle-40fbc361-6afcb6c6-ja/)

## A severe decline, with only a small late recovery

Furukawa Electric opened at JPY 2,512 at 09:03, 2.81% below the previous close of 2,584.5\. The high was 2,512.5 in the same minute; the low was 2,093 at 14:46\. It closed at 2,143.5, down 441 (17.06%) for the day and 14.67% from the open.

The five-minute chart shows sustained selling, a short late-morning stabilization and renewed afternoon weakness. The close recovered 50.5 (2.41%) from the low, just 12.04% of the 419.5 high-to-low range. It remained 96.279 (4.30%) below final VWAP of 2,239.779\. Yesterday’s recovery above VWAP did not persist into today. The last bar’s +0.87% is a five-minute change, not the daily return.

Volume reached 41,590,900 shares, up 50.04% from yesterday’s 27,720,300\. This comparison cannot identify forced liquidation, institutional selling or a completed washout. The cause of the decline is unverified here.

PTS was 2,139.8 at 15:48, 3.7 (0.17%) below the TSE close. The displayed aggregate begins on 4 November at 17:02 and continues through today’s daytime session; it is not tonight’s trading. Volume was 4,730,300 shares.

Margin balances remain dated 30 October: long 19,498,200 shares, short 583,700, ratio 33.40\. They do not reveal how much leverage was cleared today. PER 14.4, PBR 3.45 and yield 1.03% are displayed valuations, not proof of a floor. The 9 November earnings date is Kabutan’s schedule, not independently checked against the company here.

My reading: the small rebound leaves a much weaker close than yesterday. I would first observe whether price can hold above the next session’s own opening price and live VWAP. Historical references are 2,093, 2,143.5, 2,239.779 and 2,512–2,584.5; their support/resistance function is unproven. Renewed lows or failed VWAP recovery would contradict an early rebound thesis. This is observation, not a trade instruction.

The illustration is fictional solidarity, not an actual rescue by peers. Sources: Kabutan for prices, valuations and margin balances; Kabutan (Japan Next Securities) for PTS; TradingView for the five-minute chart. Shared data tables below preserve timestamps.

Hagakure, Book One, frame 35: 「志ある侍は諸朋輩と懇意に寄合ふ筈なり。」 My translation: “A samurai with purpose should maintain close ties with his fellows.” Today I read it as a reminder to value those who offer candid counsel. [Public transcription](https://samurai-bushido.org/ja/genten/hagakure/1/?ref=tokyobrainie.ghost.io); original scan not cross-checked.

---

[Original Notion archive](https://app.notion.com/p/40fbc361ccd281ce87b4c7a36afcb6c6?pvs=204&ref=tokyobrainie.ghost.io)