Japanese ADR (American Depositary Receipts) shares fell in comparison with the Tokyo Stock Exchange (converted to 1 dollar 153.92 yen), Japan Post Bank ＜7182 ＞, Recruit HD ＜6098＞, Advantest ＜6857＞, Sony ＜6758＞, Renesas ＜6723＞, Nintendo ＜7974＞, Shin-Etsu Chemical (4063), etc. fell, and overall sales were dominant. The Chicago Nikkei 225 futures settlement price is 37,770 yen, which is 40 yen higher than the Osaka intraday.

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.

The dollar and yen rose from 152 yen 55 yen to 154 yen 32 yen in the New York foreign exchange market on the 25th, and closed at 153 yen 91 yen. The preliminary gross domestic product (GDP) figures for the US April-6 fiscal year grew more than expected from the previous fiscal year, consumption was strong, and furthermore, the number of new unemployment insurance claims for the past week also declined more than expected, and the solidity of the labor market became clear, and dollar buybacks became dominant due to an early retreat in interest rate cut observations. However, dollar purchases became limited due to the slowdown in the PCE price index for the April-6 period, and yen sales also became limited in response to speculation that the Bank of Japan would normalize monetary policy at the monetary policy meeting next week. The euro dollar fell to 1.0830 dollars, then rose to 1.0870 dollars and closed at 1.0845 dollars.

NY crude oil futures continued to rise for the 9 month period (NYMEX crude oil closing price for the 9 month period: 78.28 ↑ 0.69).

■Stocks with the highest ADR growth rate (25th)

Stock code stock name closing price (dollar) Japanese yen conversion price Japanese closing price ratio gain/fall rate

＜9107＞ Kawasaki Kisen 15.76 dollars 2426 yen (177.5 yen) +7.89%

＜6702＞ Fujitsu 17 dollars 2617 yen (181.5 yen) +7.45%

＜7751＞ Canon 29.39 dollars 4524 yen (191 yen) +4.41%

＜4519＞ Chugai Pharmaceutical $20.35 6265 yen (239 yen) +3.97%

＜4307＞ Nomura Research Institute 28.55 dollars 4394 yen (131 yen) +3.07%

■Stocks with lower ADR depreciation rate (25th)

Stock code stock name closing price (dollar) Japanese yen conversion price Japanese closing price ratio gain/fall rate

＜7182＞ Japan Post Bank 8.65 dollars 1331 yen (-154 yen) -10.37%

＜8830＞ Sumitomo Real Estate 14 dollars 4310 yen (-477 yen) -9.96%

＜8750＞ Dai-ichi Life HD 26 dollars 4002 yen (-408 yen) -9.25%

＜2801＞ Kikkoman 23.4 dollars 1801 yen (-132.5 yen) -6.85%

＜4689＞ LINE Yahoo 4.7 dollars 362 yen (-6.1 yen) -1.66%

■Other ADR stocks (25th)

Stock Code Stock Name Closing Price (Dollar) Japanese Yen Conversion Price Japanese Closing Price Ratio

＜2914＞ Nippon Tobacco Industry 14.13 dollars 4350 yen (-10 yen)

＜3382＞ Seven & i HD 11.35 dollars 1747 yen (-9 yen)

＜4063＞ Shin-Etsu Chemical $20.08 6181 yen (-49 yen)

＜4502＞ Takeda Pharmaceutical 13.67 dollars 4208 yen (-31 yen)

＜4519＞ Chugai Pharmaceutical 20.35 dollars 6265 yen (239 yen)

＜4543＞ Terumo 17.51 dollars 2695 yen (-4 yen)

＜4568＞ Daiichi Sankyo 37.6 dollars 5787 yen (-9 yen)

＜4661＞ Orienland 28.31 dollars 4357 yen (-15 yen)

＜4901＞ Fujifilm $11.34 3491 yen (3 yen)

＜5108＞ Bridgestone 19.52 dollars 6009 yen (-25 yen)

＜6098＞ Recruit HD 10.61 dollars 8165 yen (-110 yen)

＜6146＞ Disco 30.2 dollars 46484 yen (-366 yen)

＜6178＞ Japan Post $10 1,539 yen (10 yen)

＜6201＞ Toyota Industries $80.66 12,415 yen (25 yen)

＜6273＞ SMC 22.71 dollars 69910 yen (-100 yen)

＜6301＞ Komatsu Seisakusho 29.51 dollars 4542 yen (42 yen)

＜6367＞ Daikin Industries 13.99 dollars 21,533 yen (-152 yen)

＜6501＞ Hitachi, Ltd. 40 dollars 3078 yen (0 yen)

＜6503＞ Mitsubishi Electric $32.53 2504 yen (-10 yen)

＜6594＞ Nidec 11.37 dollars 7,000 yen (57 yen)

＜6702＞ Fujitsu 17 dollars 2617 yen (181.5 yen)

＜6723＞ Renesas 8.32 dollars 2561 yen (-22.5 yen)

＜6758＞ Sony $86.03 13242 yen (-173 yen)

＜6857＞ Advantest 36.6 dollars 5633 yen (-75 yen)

＜6902＞ Denso 15.62 dollars 2404 yen (13 yen)

＜6954＞ FANUC $13.03 4011 yen (-19 yen)

＜6981＞ Murata Manufacturing $11.03 3395 yen (-25 yen)

＜7182＞ Japan Post Bank 8.65 dollars 1331 yen (-154 yen)

＜7203＞ Toyota Motor Corporation 195.25 dollars 3005 yen (-15 yen)

＜7267＞ Honda Motor 30.87 dollars 1584 yen (-1 yen)

＜7741＞ HOYA 118.25 dollars 18201 yen (-144 yen)

＜7751＞ Canon 29.39 dollars 4524 yen (191 yen)

＜7974＞ Nintendo 13.34 dollars 8213 yen (-67 yen)

＜8001＞ ITOCHU Corporation 97.6 dollars 7511 yen (-25 yen)

＜8002＞ Marubeni 182.05 dollars 2802 yen (2 yen)

＜8031＞ Mitsui & Co., 447.33 dollars 3443 yen (-9 yen)

＜8035＞ Tokyo Electric $93.59 28811 yen (-199 yen)

＜8053＞ Sumitomo Corporation 24.63 dollars 3791 yen (7 yen)

＜8058＞ Mitsubishi Corporation 20.1 dollars 3094 yen (-3 yen)

＜8306＞ Mitsubishi UFJFG 11.04 dollars 1699 yen (24 yen)

＜8316＞ Sumitomo Mitsui Financial Group 13.64 dollars 10497 yen (57 yen)

＜8411＞ Mizuho Financial Services 4.27 dollars 3286 yen (37 yen)

＜8591＞ ORIX $114.72 3532 yen (4 yen)

＜8725＞ MS&AD Inci HD 22.19 dollars 3415 yen (-10 yen)

＜8766＞ Tokio Marine HD 37.09 dollars 5709 yen (13 yen)

＜8801＞ Mitsui Fudosan $28.7 1473 yen (-10 yen)

＜9432＞ NTT 25.72 dollars 158 yen (-0.1 yen)

＜9433＞ KDDI 14.69 dollars 4522 yen (-32 yen)

＜9983＞ Fast Lite 26.53 dollars 40835 yen (705 yen)

＜9984＞ SoftBank G 30.4 dollars 9358 yen (-7 yen)