The downward spiral that plagued Sony seems to have ended.

In the current market, high techs are not exactly the target of investors' buying interest. Under these circumstances, it wouldn't help at all to post disappointing earnings.

It's not really that overseas investors are negatively reacting to Japanese stocks overall but rather... they are waiting for results, worried about rising oil prices and higher interest rates.

The market took a breather ... as investors moved to lock-in profits after the main indices here surged to more-than-five-year highs.

Some investors focused on domestic demand-led sectors, while high-tech firms appeared to be weaker due to lingering worries over the firmer yen.

Sony and Sanyo are coming up with more aggressive restructuring. But investors are now buying companies that can post strong growth without restructuring,