“Chicago Nikkei Average Futures (CME)” (25th)

SEP24

O 38285 (in dollars)

H 38360

L 37395

C 37840 large margin +110 (evening ratio +140)

Vol 20367

SEP24

O 38165 (in yen)

H 38305

L 37335

C 37770 large margin +40 (evening ratio +70)

Vol 53578

“American Depositary Receipts Overview (ADR)” (25th)

In the ADR market, Japan Post Bank ＜7182 ＞, Recruit HD ＜6098＞, Advantest ＜6857＞, Sony ＜6758＞, Renesas ＜6723＞, Nintendo ＜7974＞, Shin-Etsu Chemical (4063), etc. fell in comparison with the Tokyo Stock Exchange (153.92 yen equivalent to 1 dollar), etc., and general sales dominance.

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

7203 (TM.N) Toyota 195.25 -1.95 3005 -15

8306 (MUFG.N) MITSUBISHI UFJFG 11.04 -0.17 1699 24

8035 (TOELY) Tokyo Elec 93.59 -1.02 28811 -199

6758 (SONY.N) Sony 86.03 -3.16 13242 -173

9432 (NTTYY) NTT 25.72 0.17 158 -0.1

8058 (MTSUY) Mitsubishi Corporation 20.10 -0.69 3094 -3

6501 (HTHIY) Hitachi 40.00 -3.05 3078 0

9983 (FRCOY) Fast Lite 26.53 0.69 40835 705

9984 (SFTBY) SoftBank G 30.40 -1.60 9358 -7

4063 (SHECY) Shin-Etsu Chemical 20.08 -0.24 6181 -49

8001 (ITOCY) ITOCHU Corporation 97.60 -1.93 7511 -25

8316 (SMFG.N) Sumitomo Mitsui FG 13.64 -0.39 10497 57

8031 (MITSY) Mitsui & Co. 447.33 -3.84 3443 -9

6098 (RCRUY) Recruit HD 10.61 -0.68 8165 -110

4568 (DSNKY) Daiichi Sanko 37.60 -0.38 5787 -9

9433 (KDDIY) KDDI 14.69 0.05 4522 -32

7974 (NTDOY) Nintendo 13.34 -0.13 8213 -67

8766 (TKOMY) Tokio Marine HD 37.09 -1.11 5709 13

7267 (HMC.N) Honda Motor 30.87 -0.30 1584 -1

2914 (JAPAY) Japan Tobacco 14.13 -0.10 4350 -10

6902 (DNZOY) DENSO 15.62 0.05 2404 13

4519 (CHGCY) Chugai Pharmaceutical 20.35 0.78 6265 239

4661 (OLCLY) ORIENLAND 28.31 1.31 4357 -15

8411 (MFG.N) Mizuho FG 4.27 -0.14 3286 37

6367 (DKILY) Daikin Industries 13.99 -0.16 21533 -152

4502 (TAK.N) Takeda Pharmaceutical 13.67 0.09 4208 -31

7741 (HOCPY) HOYA 118.25 -0.45 18201 -144

6503 (MIELY) Mitsubishi Electric 32.53 -1.43 2504 -10

6981 (MRAAY) Murata Manufacturing 11.03 -0.19 3395 -25

7751 (CAJPY) Canon 29.39 1.02 4524 191

6273 (SMCAY) SMC 22.71 -0.56 69910 -100

7182 (JPPTY) Japan Post Bank 8.65 -0.10 1331 -154

6146 (DSCSY) disco 30.20 0.30 46484 -366

3382 (SVNDY) 7 & i HD 11.35 0.06 1747 -9

8053 (SSUMY) Sumitomo Corporation 24.63 -0.15 3791 7

6702 (FJTSY) Fujitsu 17.00 0.77 2617 181.5

6201 (TYIDY) TOYOTA INDUSTRIES 80.66 -3.52 12415 25

5108 (BRDCY) Bridgestone 19.52 0.26 6009 -25

6178 (JPPY) Japan Post 10.00 0.00 1539 10

8002 (MARUY) Marubeni 182.05 -3.26 2802 2

6723 (RNEcy) Renesas 8.32 -1.05 2561 -22.5

6954 (FANUY) FANUC 13.03 -0.44 4011 -19

8725 (MSADY) MS&AD Insi HD 22.19 -0.56 3415 -10

8801 (MTSFY) Mitsui Fudosan 28.70 -0.10 1473 -10

6301 (KMTUY) Komatsu Seisakusho 29.51 -0.42 4542 42

4901 (FUJIY) FUJIFILM 11.34 -0.12 3491 3

6594 (NJDCY) Nidec 11.37 -0.15 7000 57

6857 (ATEYY) ADVANTEST 36.60 -1.00 5633 -75

4543 (TRUMY) Terumo 17.51 0.42 2695 -4

8591 (IX.N) ORIX 114.72 -1.48 3532 4

(Top 50 by market capitalization, converted to 153.92 yen per dollar)

“Top 5 ADR Growth Rate Stocks” (25th)

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

9107 (KAIKY) Kawasaki Kisen 15.76 2426 177.5 7.89

6702 (FJTSY) Fujitsu 17.00 2617 181.5 7.45

7751 (CAJPY) Canon 29.39 4524 191 4.41

4519 (CHGCY) Chugai Pharmaceutical 20.35 6265 239 3.97

4307 (NRILY) Nomura Research Institute 28.55 4394 131 3.07

“Top 5 ADR Decline Rate Stocks” (25th)

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

7182 (JPPTY) Japan Post Bank 8.65 1331 -154 -10.37

8830 (MITEY) Sumitomo Real Estate 14.00 4310 -477 -9.96

8750 (DLICY) Dai-ichi Life HD 26.00 4002 -408 -9.25

2801 (KIKOY) Kikkoman 23.40 1801 -132.5 -6.85

4689 (YAHOY) LINE Yahoo 4.70 362 -6.1 -1.66

“US Stock Market Overview” (25th)

NYDOW

Closing price: 39935.07 compared to the previous day: 81.20

Opening Price: 39828.63 High Price: 40438.82 Low Price: 39817.50

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: 17181.73 YoY: -160.69

Opening Price: 17352.64 High Price: 17544.46 Low Price: 17033.96

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: 5399.22 compared to the previous day: -27.91

Opening Price: 5428.70 High Price: 5491.59 Low Price: 5390.95

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 4.243%

The US stock market is mixed. The Dow average closed at 39,935.07 dollars, which rose 81.20 dollars, and the Nasdaq fell 160.68 points to 17,181.73.

There is a strong sense of risk alarm, and after getting close, they are mixed. However, since gross domestic product (GDP) and consumption for the April-6 fiscal year grew above expectations, pessimistic views on the economy receded, buybacks took precedence, and the market price recovered to the positive zone. However, handover sales, which were about to announce important inflation indicators, suppressed the upper price, and furthermore, high technology was weak, stalled towards the end of the game, and the NASDAQ began to decline, and ended in various ways. By sector, while capital goods and energy rose, consumer services declined.

Toy manufacturer Hasbro (HAS) raised its profit forecast before interest, taxes, and depreciation expenses after full-year adjustments in the 2nd quarter financial results, and rose. The regional bank First Citizens Bank Shares (FCNCA) raised its net interest rate income forecast, and its share purchase plan on the scale of 3.5 billion dollars was well received. rise. Yoga apparel Lulu Lemon (LULU) declined due to analysts' investment decisions and target stock price cuts. The supermarket chain Kroger (KR) was sold after the Colorado State Attorney issued a ruling to temporarily hinder the takeover of Albertson in the same business by the company. Alphabet (GOOG), which operates search Google, is a competitor, and the non-profit enterprise Open AI involved in artificial intelligence (AI) development announced the AI search function “Search GPT,” and it was sold.

Shoe manufacturer Deckers Outdoor (DECK) announced quarterly financial results after the transaction ended. Sales of the major brand Hoka are strong, and the adjusted profit forecast for 1 share for the 2025 fiscal year has been raised, and it is being bought in overtime trading.

(Horiko Capital Management LLC)