3 points to pay attention to in the front market ~ Market development to determine the strength of the lower price after one round of sales ~

I would like to pay attention to the following 3 points in the transaction before the 18th.

■Market developments to determine the strength of the lower price after a round of sales

■Fujifilm, 24/3 revised downward operating profit 277 billion yen ← 290 billion yen

■Notable materials from the front: Bridgestone, high-inch tire offensive in Europe, invests 34 billion yen in Spain

■Market developments to determine the strength of the lower price after a round of sales

The Japanese stock market on the 18th is likely to be a market development that determines the strength of the lower price after one round of sales. In the US market on the 17th, the NY Dow depreciated by 45 dollars and the NASDAQ depreciated 181 points. While financial results that fell short of ASML Holdings' expectations were frowned upon, sales spread to other high-tech stocks such as NVIDIA. Observations that the start time of interest rate cuts by the US Federal Reserve (Fed) will be delayed were also strong, and it became a burden on the market price. Chicago Nikkei 225 futures are 37780 yen, 60 yen lower than Osaka. The yen exchange rate has been hovering in the 154-yen 20 yen range per dollar.

Let's start slightly ahead of sales, starting with the shape of falling in favor of Chicago futures. Amid a decline led by high-tech stocks in the US market, it seems that values with a large index impact will suppress the upper price of the Nikkei Average due to the impact on high-tech stocks. Nikkei 225 futures were temporarily sold up to 37630 yen during the night session, and adjustments have been shown to the 75-day line level. Although the same line is perceived as a support line, it seems that purchases aimed at pressing ahead of full-scale settlement will be limited.

Yesterday was a sharp drop in the middle of the backstage in the wake of ASML Holdings' financial results. ASML has fallen by more than 7%, and although it has been factored in quite a bit, since sales have spread to NVIDIA, etc., it seems that it will once again lead to a trend that induces anaerobic sales. Therefore, while assuming an autonomous backlash, I would like to keep a close eye on the possibility that sales gimmicks will intensify in the short term in a phase where sluggish return is recognized.

The 75-day line of the Nikkei Stock Average is located around 37780 yen, and the increase in March was written off due to the decline until the day before, and if it seems that it clearly falls below the 75-day line level, it seems that the possibility that the downward bias will intensify in the form of canceling the rising part in February will also be wary. While the movement to adjust holdings intensifies, it is difficult to make proactive purchases as financial results announcements are in full swing, and it seems that individual support will occur after determining financial results.

However, since Resonac (4004) showed an increase of more than 10% yesterday, it is easy to concentrate funds on stocks that have announced good financial results. Note, when financial results were announced last night, it seems that trends in Yashima Electric ＜3153＞ and Kyoritsu Information Communication ＜3670＞ will attract attention.

■Fujifilm, 24/3 revised downward operating profit 277 billion yen ← 290 billion yen

Fujifilm (4901) announced revisions to its earnings forecast for the fiscal year ending 2024/3. Sales are expected to exceed expectations from 2.95 trillion yen to 2.96 trillion yen in response to strong sales in the healthcare sector's medical systems business and imaging division, but operating profit was revised downward from 290 billion yen to 277 billion yen. This is because the cancellation fee received for the manufacture of raw materials for the novel coronavirus infectious disease vaccine has been reduced from the amount initially anticipated.

■Notable materials from the front

・The VIX Index declined (18.21, -0.19)

・Long-term US interest rates have declined

・Expectations that US inflation will calm down

・Request for improvement of corporate value by the Tokyo Stock Exchange

・Bridgestone ＜5108＞ European high-inch tire offensive invests 34 billion yen in Spain

・HPC Systems ＜6597＞ expands into Europe and America with scientific and technical calculations, develops chemical reaction search software

・Fujifilm HD ＜4901＞ new mid-term total, FY30 sales of 4 trillion yen, priority on biopharmaceuticals, etc.

・Mitsubishi Chemical G ＜4188＞ petrochemical restructuring policy for the first half of the year forms a “coalition” in western Japan

・Five companies, including Daihen ＜6622＞ Kanden, will promote practical application and dissemination of wireless power transfer, and a council meeting in June

・Nagase Sangyo ＜8012＞Partnering with Ultrasonic Motor Development to create new business

・Nippatsu ＜5991＞ EV sales department was established to expand sales of metal substrates for automotive semiconductors

・Denso ＜6902＞ realized decarbonization of parts manufacturing, local production of hydrogen for local consumption in Fukushima

・DMG Mori Seiki ＜6141＞New factory in Mie and Iga, processing of in-house parts concentrated

・Yamazen ＜8051＞ to launch 2 new brands with environmentally friendly logistics materials next month

・Takuma ＜6013＞ vegetable cultivation using bio-power generation, technology exhibition in Tokyo

・Blue Innovation ＜5597＞ Spherical drone delivered to Shimizuken and used for underground pit inspections

・Mitsui E&S ＜7003＞US port crane final assembly review

・Riken Keiki ＜7734＞expands sales of gas detection alarms with deepening development for semiconductor manufacturing and the establishment of a sales force

・Japan Aviation Electronics ＜6807＞ Ethernet connector, smallest class in the industry for relay, for production robots

・Taiyo Yuden ＜6976＞MLCC production increases in Korea, invests 11 billion yen

・Asahi Kasei ＜3407＞ contributes to environmental considerations and expands proposals for water-treated flexo resin plates

・Amita HD ＜2195＞Increased production of recycled silicon materials and expanded process automation in Kitakyushu

・Finnish acquisition of Oji HD ＜3861＞ packaging materials completed, utilizing environmental technology

・JFEHD＜5411＞JFE Shoji has an electromagnetic steel plate base in Serbia, processing and sales for electric vehicles

・Sumitomo Chemical ＜4005＞ recycled acrylic resin, jewelry material, same quality as virgin material

☆ Front office event schedule

＜Domestic＞

・ 10:30 Bank of Japan deliberation committee member Noguchi greeting (scheduled for afternoon press conference)

＜Overseas＞

・ 10:30 Australian unemployment rate for March (forecast: 3.9%, February: 3.7%)

・ 10:30 Australia · March employment increase or decrease (forecast: +10 million, February: +116,500)