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# 古河電公記 十二｜この身が傷つき刀折れようとも、貴殿は放さぬ｜2026.11.06
- URL: https://tokyobrainie.ghost.io/furukawa-chronicle-410bc361-3e3c3e7d-en/
- Published: 2026-11-06T03:00:00.000Z
- Updated: 2026-11-06T03:00:00.000Z
- Description: A broken blade, but a grip that holds Furukawa Electric opened at JPY 1,719.5 at 09:27, 19.78% below the previous close of 2,143.5. It hit 1,692.5 at 09:30, rose to
- Author: TokyoBrainie
- Tags: 古河電公記, Semiconductor Research, English, #Import 2026-11-11 08:54

[English](https://tokyobrainie.ghost.io/furukawa-chronicle-410bc361-3e3c3e7d-en/) · [简体中文](https://tokyobrainie.ghost.io/furukawa-chronicle-410bc361-3e3c3e7d-zh-hans/) · [日本語](https://tokyobrainie.ghost.io/furukawa-chronicle-410bc361-3e3c3e7d-ja/)

## A broken blade, but a grip that holds

Furukawa Electric opened at JPY 1,719.5 at 09:27, 19.78% below the previous close of 2,143.5\. It hit 1,692.5 at 09:30, rose to 2,020.5 at 11:29 and closed at 1,960\. The daily loss was 183.5 (8.56%), while the open-to-close return was +13.99%. These measure different parts of the session.

The close stood 267.5 (15.81%) above the low, at 81.55% of the day’s high-to-low range, but 60.5 below the high. It recovered 56.72% of the 424-point opening gap and remained below yesterday’s low of 2,093\. The five-minute chart shows a morning recovery followed by afternoon consolidation; this is intraday resilience, not a confirmed end to the wider decline.

Kabutan’s full-session VWAP was 1,876.56, putting the close 83.44 (4.45%) above it. TradingView’s blue line was labelled 1,882.1; these differ, so the calculation uses Kabutan consistently. The final five-minute bar’s +0.28% is not the daily return. Volume was 49,634,200 shares, 19.34% above yesterday. This does not identify forced liquidation, institutions or a completed washout.

Evening PTS was 2,045 at 20:54, 85 (4.34%) above the TSE close. The displayed session starts at 17:00 today, with 404,500 shares traded. PTS is a separate market and does not establish Monday’s opening price. Margin balances remain dated 30 October: long 19,498,200, short 583,700, ratio 33.40; today’s deleveraging is unknown.

The official IR calendar schedules the interim earnings release for 9 November at 14:00 JST, subject to timing changes. My preparation is recorded in the linked accounting ledger: distinguish operating earnings, non-operating items and one-off gains, and compare actual results with the latest company guidance rather than the previous share price.

My reading: the intraday recovery is materially stronger than yesterday, while the daily loss and lower high/low remain. Historical references are 1,692.5, 1,719.5, 1,876.56, 1,960, 2,020.5 and 2,093–2,143.5\. Their support/resistance role is unproven. A failed recovery of the next session’s live VWAP or renewed lows would contradict a durable rebound thesis. The illustration is fictional satire, not evidence that Trump caused the decline.

Sources: Kabutan for market data and valuations; Kabutan (Japan Next Securities) for PTS; TradingView for the five-minute chart; Furukawa Electric’s official IR calendar for the earnings schedule. Prices are transcribed from the supplied displays, without independent feed reconciliation. Shared tables preserve timestamps.

Hagakure, Book One, frame 35: 「七轉び八起き。」 My translation: “Fall seven times, rise eight.” Its surrounding passage discusses repeated setbacks in service. Here I apply it to continuing the research, not persisting in a losing position. [Public transcription](https://samurai-bushido.org/ja/genten/hagakure/1/?ref=tokyobrainie.ghost.io); original scan not cross-checked.

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[Original Notion archive](https://app.notion.com/p/410bc361ccd281c3922ad7123e3c3e7d?pvs=204&ref=tokyobrainie.ghost.io)