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

SEP24

O 39930 (in dollars)

H 40005

L 39475

C 39555 large margin +15 (evening ratio +125)

Vol 7776

SEP24

O 39880 (in yen)

H 39955

L 39425

C 39500 large exchange ratio -40 (evening ratio +70)

Vol 20593

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

In the ADR market, Japan Post Bank ＜7182 ＞, Japan Post Bank ＜6178 ＞, Hitachi, Ltd. ＜6501＞, Takeda Pharmaceutical ＜4502＞, Nintendo ＜7974＞, Bridgestone ＜5108＞, Seven & i HD ＜3382＞, etc. fell in comparison with the Tokyo Stock Exchange (155.58 yen equivalent to 1 dollar), etc., and overall sales dominance.

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

7203 (TM.N) TOYOTA 200.79 0.65 3124 15

8306 (MUFG.N) MITSUBISHI UFJFG 11.41 0.13 1775 6

8035 (TOELY) Tokyo Elec 99.04 -0.18 30817 47

6758 (SONY.N) Sony 91.67 -1.14 14262 -88

9432 (NTTYY) NTT 25.77 0.26 160 -0.7

8058 (MTSUY) Mitsubishi Corporation 21.05 0.46 3275 14

6501 (HTHIY) Hitachi 43.80 -0.67 3407 -44

9983 (FRCOY) Fast Lite 26.46 -0.16 41166 -154

9984 (SFTBY) SoftBank G 33.72 0.00 10492 112

4063 (SHECY) Shin-Etsu Chemical 21.14 -0.02 6578 -29

8001 (ITOCY) ITOCHU Corporation 101.91 0.24 7928 -8

8316 (SMFG.N) Sumitomo Mitsui FG 14.20 0.14 11046 -54

8031 (MITSY) Mitsui & Co. 462.71 -3.29 3599 -23

6098 (RCRUY) Recruit HD 11.47 -0.15 8924 -58

4568 (DSNKY) Daiichi Sanko 37.76 0.34 5875 -29

9433 (KDDIY) KDDI 14.72 0.02 4580 -32

7974 (NTDOY) Nintendo 13.52 -0.07 8414 -79

8766 (TKOMY) Tokio Marine HD 39.28 0.08 6111 -6

7267 (HMC.N) Honda Motor 32.19 -0.14 1669 -5

2914 (JAPAY) Nippon Tobacco Industry 14.36 0.14 4468 -23

6902 (DNZOY) DENSO 15.86 0.09 2467 -18

4519 (CHGCY) Chugai Pharmaceutical 19.22 0.31 5980 -31

4661 (OLCLY) ORIENLAND 28.36 -0.59 4412 -27

8411 (MFG.N) Mizuho FG 4.50 0.10 3501 27

6367 (DKILY) Daikin Industries 14.42 0.04 22435 -105

4502 (TAK.N) Takeda Pharmaceutical 13.66 0.15 4250 -42

7741 (HOCPY) HOYA 118.48 -2.67 18433 -57

6503 (MIELY) Mitsubishi Electric 34.40 -0.48 2676 -15.5

6981 (MRAAY) Murata Manufacturing 11.48 -0.01 3572 -24

7751 (CAJPY) Canon 28.34 0.11 4409 -26

6273 (SMCAY) SMC 23.95 -0.37 74523 123

7182 (JPPTY) Japan Post Bank 8.80 -0.30 1369 -168

6146 (DSCSY) disco 31.80 -0.60 49474 -206

3382 (SVNDY) 7 & i HD 11.46 0.06 1783 -14

8053 (SSUMY) Sumitomo Corporation 25.35 -0.20 3944 -25

6702 (FJTSY) Fujitsu 16.70 -0.06 2598 -1

6201 (TYIDY) Toyota Industries 84.63 0.34 13167 -93

5108 (BRDCY) Bridgestone 19.60 0.12 6099 -49

6178 (JPPY) Japan Post 10.00 0.00 1556 -30.5

8002 (MARUY) Marubeni 190.03 -2.48 2956 -14.5

6723 (RNECY) Renesas 9.75 -0.09 3034 23

6954 (FANUY) FANUC 13.64 -0.26 4244 -26

8725 (MSADY) MS&AD Insi HD 23.63 0.24 3676 -17

8801 (MTSFY) Mitsui Fudosan 29.70 0.50 1540 -7.5

6301 (KMTUY) Komatsu Seisakusho 31.31 -0.06 4871 -14

4901 (FUJIY) FUJIFILM 11.90 -0.13 3703 -24

6594 (NJDCY) Nidec 11.38 0.48 7082 295

6857 (ATEYY) ADVANTEST 39.00 0.50 6068 -28

4543 (TRUMY) Terumo 17.43 -0.27 2712 -13

8591 (IX.N) oryx 119.61 1.19 3722 -2

(Top 50 by market capitalization, converted to 155.58 yen per dollar)

“Top 5 ADR Growth Rate Stocks” (23rd)

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

6594 (NJDCY) Nidec 11.38 7082 295 4.35

9107 (KAIKY) Kawasaki Kisen 15.76 2452 56.5 2.36

9503 (KAEPY) Kansai Electric Power 8.92 2776 61 2.25

5401 (NPSCY) Nippon Steel 7.23 3375 55 1.66

5020 (JXHLY) ENEOS 10.40 809 9 1.13

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

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

8830 (MITEY) Sumitomo Real Estate 14.00 4356 -659 -13.14

7182 (JPPTY) Japan Post Bank 8.80 1369 -168 -10.93

8750 (DLICY) Dai-ichi Life HD 27.60 4294 -416 -8.83

2801 (KIKOY) Kikkoman 23.40 1820 -162 -8.17

6178 (JPPY) Japan Post 10.00 1556 -30.5 -1.92

“US Stock Market Overview” (23rd)

NYDOW

Closing price: 40358.09 compared to the previous day: -57.35

Opening Price: 40443.73 High Price: 40527.89 Low Price: 40319.70

Year-to-date high: 41198.08 year-to-date low: 37266.67

Previous year high: 37710.10 Previous year low price: 31819.14

Nasdaq

Closing price: 17997.35 compared to the previous day: -10.22

Opening Price: 17982.74 High Price: 18128.38 Low Price: 17968.10

Year-to-date high: 18647.45 year-to-date low: 14510.30

Previous year high: 15099.18 Previous year low price: 10305.24

S&P 500

Closing price: 5555.74 YoY: -8.67

Opening Price: 5565.30 High Price: 5585.34 Low Price: 5550.90

Year-to-date high: 5667.20 year-to-date low: 4688.68

Previous year high: 4783.35 Previous year low price: 3808.10

US 30-year government bonds 4.484% US 10-year government bonds 4.25%

The US stock market fell. The Dow average closed at 40,358.09 dollars, down 57.35 dollars, and the NASDAQ fell 10.22 points at 17,997.35.

There was a strong sense of optimism ahead of the announcement of the company's financial results, and people were close to each other. Furthermore, adjustments awaiting important inflation and economic indicators scheduled to be announced this week continued, and while sales and purchases intersected throughout the day, they remained steady, supported by strong purchases that received expectations of good financial results and interest rate cuts, but the market price turned to a decline towards the end of the game and ended. By sector, while retail sales rose, transportation declined.

The beverage manufacturer Coca Cola (KO) raised its full-year outlook due to successful price increases and sales were strong, and it rose. The profit of Spotify (SPOT), a music distribution company, hit a record high in the 2nd quarter financial results, and furthermore, they liked the increase in the number of paid members, and it rose. Carnival (CCL), which operates cruise ships, announced that it had made a final agreement with the Italian shipbuilding company Fincantieri to build 3 new cruise ships, and it was bought. Defense company Lockheed Martin (LMT)'s profit exceeded expectations in the second quarter financial results, and also raised net sales and earnings forecasts for the full year.

The freight forwarding company United Parcel Service (UPS) has quarterly financial results, and profits fell short of expectations due to a slowdown in delivery demand in addition to cost increases. Entertainment company Disney (DIS) declined due to reports that investor Isaac Palmutter sold all of the company's shares he held after losing the voting battle. Consumer goods manufacturer Kimberly Clark (KMB) declined because the details of the second quarter financial results did not meet some expectations.

Alphabet (GOOG), which operates Google Search, announced financial results for the 2nd quarter after the transaction ended. Earnings per share exceeded expectations, and they were bought in overtime trading.

(Horiko Capital Management LLC)