“Chicago Nikkei Average Futures (CME)” (23rd)

JUN24

O 38835 (in dollars)

H 39200

L 38440

C 38570 large exchange ratio - 530 (evening ratio +20)

Vol 6964

JUN24

O 38820 (in yen)

H 39190

L 38425

C 38560 large comparison - 540 (evening ratio +10)

Vol 29082

“American Depositary Receipts Overview (ADR)” (23rd)

In the ADR market, Kashima ＜1812＞, SoftBank G ＜9984＞, Ebara ＜6361＞, HOYA ＜7741＞, Isuzu ＜7202＞, TDK ＜6762＞, NTT ＜9432＞, etc. fell in comparison with the Tokyo Stock Exchange (156.94 yen equivalent to 1 dollar), and almost completely depreciated.

Code stock name closing price compared to previous day Japanese yen conversion price Japanese closing price ratio

7203 (TM) TOYOTA 214.72 -1.91 3370 -33

8306 (MUFG) Mitsubishi UFJ 9.96 0.05 1563 -0.5

6758 (SONY) Sony G 80.80 -0.46 12681 -204

9432 (NTTYY) NTT 23.93 -0.66 150 -2.8

9983 (FRCOY) Fast Retay 25.74 -0.11 40396 -724

8316 (SMFG) Sumitomo Mitsui 12.42 -0.09 9746 -44

6954 (FANUY) FANUC 14.56 0.10 4570 -58

9984 (SFTBY) SoftBank G 27.09 0.54 8503 -227

8031 (MITSY) Mitsui 1031.47 -16.28 8094 -128

8001 (ITOCY) ITOCHU 91.19 -1.58 7156 -106

7974 (NTDOY) Nintendo 13.04 -0.29 8186 -95

8766 (TKOMY) Tokio Marine HD 32.79 -0.03 5146 -57

7267 (HMC) Honda 32.71 -0.37 1711 -20.5

6902 (DNZOY) Denso 16.07 -0.20 2522 -34

8411 (MFG) Mizuho FG 4.00 -0.01 3139 -12

7741 (HOCPY) HOYA 116.79 -0.60 18329 -366

6503 (MIELY) Mitsubishi Electric 35.38 0.27 2776 -33

6723 (RNECY) Renesas 8.98 0.33 2819 -30

8002 (MARUY) Marubeni 192.81 -1.11 3026 -56

8053 (SSUMY) Sumitomo Corporation 25.77 -0.21 4044 -47

5108 (BRDCY) Bridgestone 21.51 -0.14 6752 -90

6702 (FJTSY) Fujitsu 14.79 -0.04 2321 -32.5

6301 (KMTUY) Komatsu 29.38 0.00 4611 -53

4901 (FUJIY) FUJIFILM 10.78 -0.08 3384 -47

8591 (IX) oryx 105.92 -1.51 3325 -27

8802 (MITEY) Ryojisho 16.12 -0.50 2530 -43.5

2802 (AJINY) Ajinomoto 37.80 -0.32 5932 -69

8604 (NMR) Nomura HD 5.97 0.04 937 -9.1

6762 (TTDKY) TDK 47.95 0.05 7525 -147

8267 (AONNY) AEON 20.97 -0.20 3291 -42

1925 (DWAHY) Daiwa House 26.22 -0.32 4115 -54

8309 (SUTNY) Mitsui Trust 4.52 -0.09 3547 -15

7270 (FUJHY) SUBARU 10.45 -0.17 3280 -58

1928 (SKHSY) Sekisui House 22.46 -0.31 3525 -35

9735 (SOMLY) SECOM 15.81 0.00 9925 -105

7201 (NSANY) Nissan 7.04 -0.01 552 -5.4

2503 (KNBWY) Kirin 13.95 -0.19 2189 -17

4911 (SSDOY) Shiseido 31.34 0.66 4918 103

5802 (SMTOY) Sumitomo Electric 14.82 -0.16 2325 -42.5

6988 (NDEKY) Nittoden 38.50 -0.12 12084 -181

7202 (ISUZY) Isuzu 12.50 -0.18 1962 -38.5

9202 (ALNPY) ANA 3.97 0.02 3115 63

3407 (AHKSY) Asahi Kasei 13.19 -0.19 1035 -17

1812 (KAJMY) Kashima 16.40 -0.10 2574 -80

6586 (MKTAY) Makita 30.07 -0.05 4719 -55

7912 (DNPLY) Dainichi Seal 15.12 -0.11 4746 -36

3402 (TRYIY) Toray 9.77 0.00 767 -10

5201 (ASGLY) AGC 7.07 0.25 5548 -17

6361 (EBCOY) Ebara 38.60 -0.51 12116 -269

6645 (OMRNY) OMRON 33.84 0.22 5311 -57

(Top 50 by market capitalization, converted to 156.94 yen per dollar)

“Top 5 ADR Growth Rate Stocks” (23rd)

Code stock name closing price Japanese yen conversion price Japanese closing price ratio (%)

4911 (SSDOY) Shiseido 31.34 4918 103 2.14

9202 (ALNPY) ANA 3.97 3115 63 2.06

6460 (SGAMY) SEGA SAMMY HD 3.56 2238 18.5 0.83

7012 (KWHIY) Kawashige 14.59 5725 41 0.72

8306 (MUFG) Mitsubishi UFJ 9.96 1563 -0.5 -0.03

“Top 5 ADR Decline Rate Stocks” (23rd)

Code stock name closing price Japanese yen conversion price Japanese closing price ratio (%)

7731 (NINOY) Nikon 10.29 1615 -34 -2.06

6753 (SHCAY) sharp 1.40 879 -72.7 -7.64

1812 (KAJMY) Kashima 16.40 2574 -80 -3.01

9984 (SFTBY) SoftBank G 27.09 8503 -227 -2.60

6361 (EBCOY) Ebara 38.60 12116 -269 -2.17

“US Stock Market Overview” (23rd)

NYDOW

Closing price: 39065.26 compared to the previous day: -605.78

Opening Price: 39694.95 High Price: 39694.95 Low Price: 39025.51

Year-to-date high: 39807.37 year-to-date low: 37266.67

Previous year high: 37710.10 Previous year low price: 31819.14

Nasdaq

Closing price: 16736.03 compared to the previous day: -65.51

Opening Price: 16996.38 High Price: 16996.38 Low Price: 16678.37

Year-to-date high: 16442.20 year-to-date low: 14510.30

Previous year high: 15099.18 Previous year low price: 10305.24

S&P 500

Closing price: 5267.84 compared to the previous day: -39.17

Opening Price: 5340.26 High Price: 5341.88 Low Price: 5256.93

Year-to-date high: 5254.35 year-to-date low: 4688.68

Previous year high: 4783.35 Previous year low price: 3808.10

US 30-year government bonds 4.582% US 10-year government bonds 4.477%

The US stock market continues to decline. The Dow average closed at 39,065.26 dollars, which depreciated 605.78 dollars, and the Nasdaq closed at 16,736.04, which fell 65.50 points.

Semiconductor NVIDIA's favorable financial results led to an improvement in investor sentiment, and it remained steady. After that, long-term interest rates rose due to employment-related indicators and PMI being stronger than expected and expectations of interest rate cuts receding, suppressing the upper price of the market price. Furthermore, Boeing's decline weighed on the Dow, pushing down the index further and turning into a decline, and remained soft throughout the day. The NASDAQ also remained strong in the early stages, but until the end, profit-taking sales ahead of consecutive holidays also became heavy and turned into a decline, and it ended. By sector, while semiconductors and manufacturing equipment rose, automobiles and auto parts declined.

Semiconductor NVIDIA (NVDA) is the financial results for the first quarter announced after closing yesterday, and purchases with good results continued, such as the AI (artificial intelligence) boom contributing and sales volume tripling compared to the same period last year. The membership-based supermarket Bee J's Wholesale (BJ) rose as adjusted earnings per share and membership fee income exceeded expectations due to quarterly financial results. The event company LiveNation (LYV) declined when it became clear that the Ministry of Justice sued the company for violating antitrust laws. Aircraft manufacturer Boeing (BA) revealed that West's chief financial officer (CFO) continued spending in the 2nd quarter and throughout the year, and furthermore, delivery to the same country was delayed because additional submission of some documents was required from Chinese regulators, and it was sold.

Ross Stores (ROST), which manages brand stores for low-cost apparel and home decor, announced quarterly financial results after the transaction ended. The upward correction in outlook was well received and rose due to overtime trading. Shoe manufacturers such as Hoka and AG (DECK) have also made financial results, and earnings per share exceeded expectations, and are rising due to overtime trading.

(Horiko Capital Management LLC)