I would like to pay attention to the following 3 points in the pre-market transaction on the 24th.

■The rise in US high-tech stocks and Tesla's overtime rise is a sense of security

■Nidec, 24/3 operating profit up 63.1% to 163.1 billion yen, 25/3 forecast 41.0% increase to 230 billion yen

■Notable materials on the front floor: Toyota and Daihatsu resume accepting orders for all models, and restructuring domestic sales in cooperation with Toyota

■The rise in US high-tech stocks and Tesla's overtime rise is a sense of security

The Japanese stock market on the 24th is likely to develop in a market where it is easy to gradually strengthen this feeling after starting ahead of buying. In the US market on the 23rd, the NY Dow rose 263 dollars and the NASDAQ was 245 points higher. Since the preliminary PMI figures for April deteriorated unexpectedly, expectations for interest rate cuts were rekindled, and along with the decline in long-term US interest rates, buying dominance developed. In addition to semiconductor stocks such as NVIDIA and Micron Technology being bought, large tech stocks such as Microsoft are also strong. Chicago Nikkei 225 futures are 37,915 yen, 365 yen higher than Osaka. The yen exchange rate is hovering at 154 yen 70 yen per dollar.

It seems that it will start before buying, in the form of falling in favor of Chicago futures. While excessive sense of caution surrounding the situation in the Middle East receded in the US market, caution against inflation eased due to the fact that US economic indicators fell below expectations, so it became a trend of being bought led by high-tech stocks. Even in the Tokyo market, it seems that there will be awareness of capital inflows into high-tech stocks due to values that have a large index impact.

After yesterday's Nikkei Stock Average recovered to 37,800 yen in the morning, there was a strong sense of market development. The fact that one corner of high-tech stocks that had been bought ahead turned to a decline also seemed to cool sentiment. However, since the search for US high-tech stocks continued, it seems that they will move towards a push. Also, although the financial results announced by Tesla after the end of the transaction fell short of expectations, it seems that the fact that they are being bought through overtime transactions will lead to a sense of security.

Also, domestically, the outlook for the current fiscal year announced by Nidec (6594) after closing did not reach market expectations. However, there is only a slight decline in ADR, and there is a possibility that it will lead to expectations of loss of gas. Nikkei 225 futures have captured the 75-day line, which was perceived as an upper resistance line during the night session, and it is expected to break through the 38,000 yen milestone. Even in the Nikkei Stock Average, I would like to look forward to developments that test breaking through the 75-day line as high-tech stocks with high exponential impact are bought.

Also, when financial results were announced last night, J Material ＜6055＞, Nichidai ＜6467＞, Tekken ＜1815＞, Canon Electronics＜7739＞, Encho ＜8208＞, Orbic ＜4684＞, Gigaprize ＜3830＞, PLANT ＜7646＞, Falco HD ＜4671＞, Amano ＜6436＞, FB ＜3843＞, Faltech ＜7215＞, Shimano ＜7309＞, Image One ＜2667＞, Nomura Micro ＜ Trends such as 6254 > and Komeri ＜8218＞ are attracting attention.

■Nidec, 24/3 operating profit up 63.1% to 163.1 billion yen, 25/3 forecast 41.0% increase to 230 billion yen

The financial results for the fiscal year ending 2024/3 announced by Nidec ＜6594＞ were sales of 2,348.202 billion yen, up 4.7% from the previous fiscal year, and operating profit of 163.106 billion yen, up 63.1% from the same period. As for the financial results for the fiscal year ending 2025/3, we plan that sales will increase 2.2% from the previous fiscal year to 2.4 trillion yen, and operating profit will increase 41.0% to 230 billion yen. No consensus was reached (around 241 billion yen).

■Notable materials from the front

・The Nikkei Average rose (37552.16, +113.55)

・The NY Dow rose (38503.69, +263.71)

・The Nasdaq Composite Index rose (15696.64, +245.33)

・1 dollar = 154.80-90 yen

・Chicago Nikkei futures rose (37915, +365 compared to Osaka)

・The SOX index rose (4478.80, +96.88)

・The VIX Index declined (15.69, -1.25)

・US crude oil futures rose (83.36, +1.46)

・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

・Toyota's own ＜7203＞ Daihatsu resumes accepting orders for all models, and domestic sales are being restructured in cooperation with Toyota

・Iwatani Sangyo ＜8088＞Partnering with Cosmoene, collaborating on hydrogen infrastructure development, etc.

・Mitsui & Co. ＜8031＞ used truck sales in rice, major auction acquisition

・Fukubi Chemical Industry＜7871＞Smart bench development with Nagase Sangyo and others, utilization of reused storage batteries and plastic waste materials

・NTT ＜9432＞ nationwide uniform service change to mobile axis

・Tosoh ＜4042＞ PE resin price increase, starting delivery on the 7th of next month

・Mitsubishi Chemical G＜4188＞ pioneering medical applications with hollow fiber membranes

・Mitsui Fudosan ＜8801＞Selected as a business operator with large customer attraction facilities in Tokyo and Tsukiji

・Odakyu Electric Railway ＜9007＞Decarbonize the Odakyu Line and form partnerships with 4 companies including TEPCO EP

・Large complex facility in the Yokohama Minato Mirai district with the Keikyu Line ＜9006＞ Obayashi Group, etc.

・Kobelco Corporation (8075) invests in KG Motors, which develops ultra-compact EVs

☆ Front office event schedule

＜Domestic＞

・Nothing in particular

＜Overseas＞

・ 07:45 NZ · March trade balance (February: -218 million NZ dollars)

・ 10:30 Australian Consumer Price Index for the fiscal year ending January-March (year-on-year forecast: +3.5%, October-12: +4.1%)

・ 10:30 Australian Consumer Price Index for March (year-on-year forecast: +3.4%, February: +3.4%)