I would like to pay attention to the following 3 points in the transaction before the 27th.

■Aiming to boost high-tech stocks

■Software S, 2Q revised upward operating profit 5.201 billion yen ← 4.756 billion yen

■Notable materials from the front: Sodick enters “plant meat” and develops special heating devices

■Aiming to boost high-tech stocks

The Japanese stock market on the 27th seems to have a market development where it is easy for this feeling to intensify after a round of buying. In the US market on the 24th, the NY Dow was 4 dollars higher and the NASDAQ was 184 points higher. Buying in the high-tech sector against the backdrop of the artificial intelligence (AI) boom was strong, and it looked like it was driving the market price. Ahead of the 3 consecutive holidays, the NY Dow reduced the increase while participants were limited, but the NASDAQ was a strong price movement led by NVIDIA. Chicago Nikkei 225 futures are 38800 yen, which is 200 yen higher than Osaka. The yen exchange rate has been hovering in the 156 yen 90 yen range per dollar.

It seems that it will start before buying, in the form of falling in favor of Chicago futures. The night session for Nikkei 225 futures was a slight price movement, but it surpassed the 75-day line and recovered to the +1σ level of the Bollinger Bands. Although it is thought that overseas business will be limited due to the influence of the US market becoming a Memorial Day holiday today, it seems that high-tech stocks will support the Nikkei Stock Average due to values that have a large index impact using US high tech stock prices as support materials.

This feeling seems to intensify after a round of buying, but in a phase where the lower price is stiff, it would be easy for a future-led buying mechanism to enter. Since short-term trading is the center, it is thought that the price range will be difficult to come out, but since the US VIX Index has once again fallen below 12.00, it seems that sales gimmick trades will be limited. If it becomes a trend where sales are set up in the short term, let them move towards a stance aimed at a rebound thereafter.

As a search, interest in related stocks is also strong due to expectations for AI growth, in addition to high-tech stocks with high prices such as ToElec ＜8035＞ and Lasertech (6920), using NVIDIA's rise as a clue. However, since the speed at which funds escape is conspicuous for AI-related small and medium-sized stocks, footwork seems to be important. Additionally, Nidec (6594) revised financial results for the past 2 periods. While there is a possibility that anaerobic sales will enter, the supply and demand situation is good since company stock buybacks have been announced and stock prices have remained in the high price range. In a situation where sales gimmicks are introduced, it seems that they will take an aggressive stance.

■Software S, 2Q revised upward operating profit 5.201 billion yen ← 4.756 billion yen

Software S ＜3733＞ announced revisions to its earnings forecast for the fiscal year ending 2024/10. Sales were revised upward from 201.34 billion yen to 21.981 billion yen, and operating profit was revised upward from 4.756 billion yen to 5.201 billion yen. Deep sales to existing users paid off, and orders were received for additional system introduction and server replacement that exceeded expectations. As for the full-year earnings forecast, there are parts that are influenced by future progress and timing of termination of order acceptance projects in the second half of the year, and unplanned additional order acceptance trends, and the forecast remains unchanged.

■Notable materials from the front

・The NY Dow rose (39069.59, +4.33)

・The Nasdaq Composite Index rose (16920.79, +184.76)

・Chicago Nikkei futures rose (38800, +200 compared to Osaka)

・The SOX index rose (5220.92, +94.93)

・The VIX Index declined (11.93, -0.84)

・US crude oil futures rose (77.72, +0.85)

・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

・Sodick ＜6143＞ enters “plant meat” and develops special heating equipment

・TOPPAN ＜7911＞Africa Offensive, textbook issuance, etc. 4 businesses

・Mitsubishi Electric ＜6503＞Aisin and a new company to strengthen the supply of EV parts, to reorganize in-vehicle

・Kandenko ＜1942＞YKK AP and solar power generation in building windows

・Tosei ＜8923＞Capital and business alliance with Nagoya Railroad, synergy in real estate

・Supplying environmental value to ITOCHU ＜8001＞ Google and developing dedicated solar power

・Japan Airlines ＜9201＞ successive troubles, the Ministry of Land, Transport and Tourism temporarily audits

・Toyota's own ＜7203＞ oval tank development, load capacity 1.5 times, hydrogen engine car evolution

・Meiji Electric ＜3388＞ President Hiroki Sugiwaki “Expanding the Hydrogen Business”

・Mitsubishi Electric ＜6503＞ Joint investment company in Vietnam to manufacture and sell circuit breakers for Southeast Asia

・Combum ＜6265＞ President Minoru Sato aims for the dual sword style of semiconductors and robots

・Miura Industries ＜6005＞ develops a live bacteria separation device and detects legionella in 3 hours

・Mr. Yoshikazu Haruta, president of Fuji Dice ＜6167＞, specialized organization for new business development

・Mitsubishi Heavy Industries ＜7011＞Demonstration of blast furnace CO2 emissions in Belgium

・Mitsui Fuu ＜8801＞ logistics facility in Miyagi, relay between Tohoku's 6 prefectures and the Tokyo metropolitan area

・Unitika (3103) strengthens contract manufacturing of polycondensation polymers and develops Okazaki Plant

☆ Front office event schedule

＜Domestic＞

・ 09:05 Bank of Japan Governor Ueda Opening Address (24th International Conference hosted by Bank of Japan Financial Research Institute)

・ 11:05 Bank of Japan Vice President Uchida Keynote Address (24th International Conference hosted by Bank of Japan Financial Research Institute)

＜Overseas＞

・ 10:30 Mid-April Industrial Enterprise Profit (March: -3.5% YoY)