I would like to pay attention to the following 3 points in the transaction before the 19th.

■Aiming for a rebound in high-tech stocks even though they are stuck

■Teijin, 25/3 revised downward operating profit 16 billion yen ← 26 billion yen

■Notable materials from the front: Tamura Seisakusho enters current sensors for railways, pioneering Europe and the United States

■Aiming for a rebound in high-tech stocks even though they are stuck

The Japanese stock market on the 19th is likely to have such a strong sense of market development after a round of buying. In the US market on the 18th, the NY Dow rose 56 dollars and the NASDAQ was 5 points higher. Since US retail sales in May fell below expectations, it was bought on the view that it would justify interest rate cuts by the US Federal Reserve (Fed). However, at the same time, concerns about the US economy spread, and the upper price was suppressed. Chicago Nikkei 225 futures are 38610 yen, 210 yen higher than Osaka. The yen exchange rate has been hovering at 157 yen 80 yen per dollar.

It seems that they will start with a buying advantage in the form of falling in favor of Chicago futures. Nikkei 225 futures broke through the Bollinger Band's -1σ in the night session and was bought up to 38620 yen at one point. It is thought that people will be aware of the area around 38710 yen where the 25th line is located, and in a phase where this feeling intensifies after one round of buying, let them move towards a stance aimed at push. Also, while interest rate cut observations are increasing in the US market, a sense of caution against the US economic deceleration is increasing, and people were aware of the weight of the increase.

However, while NVIDIA hit an all-time high with a 3.5% rise, it became the world's top in terms of market capitalization. Expectations for AI-related growth are strong, and values with a large index impact are likely to be a support material for high-tech stocks. Also, Arm Holdings rapidly grew to 8.6% and hit a new high price, and it seems that speculative inflow of funds into SoftBank G ＜9984＞ is expected. Therefore, although this feeling is getting stronger as a whole, there is a strong desire to buy high-tech stocks, and there seems to be a possibility that it will lead to a solid market.

Yesterday's Nikkei Stock Average showed an autonomous rebound against the drastic decline the day before, but after a round of buying, it remained in a narrow range. As a level, it was a price movement with -1 (38450 yen) of Bollinger Bands in between. As high tech stocks drive the Nikkei Average, which has a big impact on the index, I would like to look forward to developments where the area around 38725 yen, where the 25th line is located, comes into firing range.

■Teijin, 25/3 revised downward operating profit 16 billion yen ← 26 billion yen

Teijin ＜3401＞ announced revisions to its earnings forecast for the fiscal year ending 2025/3. Sales were revised downward from 1.5 trillion yen to 975 billion yen, and operating profit was revised downward from 26 billion yen to 16 billion yen. BXJC Holdings announced that it will implement a TOB (public tender offer) for Infocom ＜4348＞. The company does not apply to TOB for Infocom shares it holds, and sells its holdings through share buybacks carried out by Infocom after TOB.

■Notable materials from the front

・The Nikkei Average rose (38482.11, +379.67)

・The NY Dow rose (38834.86, +56.76)

・The Nasdaq Composite Index rose (17862.23, +5.21)

・1 dollar = 157.80-90 yen

・Chicago Nikkei futures rose (38610, +210 compared to Osaka)

・The SOX index rose (5765.12, +77.03)

・The VIX Index declined (12.30, -0.45)

・US crude oil futures rose (80.71, +0.99)

・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

・Tamura Seisakusho ＜6768＞ enters current sensors for railways, pioneering Europe and America

・Seino HD ＜9076＞ Mitsubishi Electric's acquisition of logistics company, expansion of Ele-related functions

・Infocom ＜4348＞ parent company Teijin sells “Mecha Komi” to US Blackstone for 134.3 billion yen

・NTT DATA G＜9613＞ invested 40 billion yen in generative AI, within the fiscal year

・TEPCO HD ＜9501＞ TEPCO Energy Partner collaborates with 4 IT companies on decarbonization, energy analysis, etc.

・ITOCHU ＜8001＞ invests in automated US truck driving to promote logistics efficiency

・Toyota Boshoku ＜3116＞ develops hydrogen-fueled assist bicycles and utilizes low environmental impact and FCV parts

・Mitsubishi Shipbuilding of the Mitsubishi Heavy Industries ＜7011＞ Group receives an order for methanol RORO ships, 2 ships for domestic use

・Honda ＜7267＞ land and air mobility collaboration, jet aircraft utilization service launched

・Mitsuboshi Belt＜5192＞New building at Nagoya Plant, 26 years of operation

・EXEDY ＜7278＞ agricultural drone deep-cultivation, sales expansion in Japan and US

・Mitsui Marine Development＜6269＞Production of offshore equipment for offshore oil field professionals starts off Senegal

・Canon ＜7751＞ photoelectric conversion layer thick coating, material development for next-generation batteries

・Gunze ＜3002＞ long product expansion, roll cover, domestic/Southeast Asia development

・Light oil supply and biodiesel fuel utilization in Hokkaido with air water ＜4088＞Idemitsu, etc.

・Streamline bottom formwork and seawall construction with Toa Construction Industry ＜1885＞Polyuse and 3D additive manufacturing

・Cooperation with ENEOS HD ＜5020＞Mitsubishi Corporation in the decarbonized fuel business, considering hydrogen utilization, etc.

・Denka ＜4061＞ invested in carbon flies and jointly developed CNT for lithium batteries

・Nittobo ＜3110＞ increases production of special glass fibers in Taiwan to meet DC demand

・Tokyo Tatemono ＜8804＞"Hilton” completed in Kyoto and opened in September

・Asahi Kasei ＜3407＞ water injection device, energy saving and high quality with membrane filtration

☆ Front office event schedule

＜Domestic＞

・ 08:50 Bank of Japan Monetary Policy Meeting Minutes (4/25/26)

・ 08:50 May trade balance (forecast: -1 trillion 285 billion yen, April: -465.6 billion yen)

＜Overseas＞

・ 07:45 NZ · Current account balance for the fiscal year ending January-March (forecast: -4650 billion NZ dollars)