In the morning of the 9th, pay attention to the following three points in the transaction.
Pay attention to the trend of semiconductor stocks such as Tokyo Electron.
Recruit Holdings announced that its first-quarter operating profit increased by 5.1% year-on-year to 127.8 billion yen.
Important material in the morning: Toyota's research and development expenses, 15 consecutive years of increase, Toyota ranked first, 1.3 trillion yen, headquarters survey
Pay attention to the trend of semiconductor stocks such as Tokyo Electron.
In the Japanese stock market on the 9th, after a round of buying, it is likely to become more deadlocked, but it is likely to lead to a stance of looking for dips. In the US market on the 8th, the NY Dow was up 683 dollars and the NASDAQ was up 464 points. The number of initial jobless claims was lower than expected, which eased concerns about a slowdown in the labor market. The movement of buying back led by high-tech stocks intensified, and all sectors of the S&P500 sector index rose. The settlement price of the Chicago Nikkei 225 futures is 35,575 yen, up 795 yen from Osaka. The yen exchange rate is around 147.20 yen per dollar.
It is expected to start with a buying priority from the position of wrapping around to the Chicago futures. Although the Nikkei average stock price fell for the first time in three days yesterday, it had been stable at the price level of the previous day since it was sold in the morning. The price range during the day is still volatile with a margin of over 1,000 yen, but stability has been seen in day-to-day rough price movements. In addition, the fact that Laser Tech <6920> ended with a limit high after the settlement is expected to lead to an improvement in sentiment.
Toshiba Electronics <8035>, which announced its first-quarter earnings yesterday evening, made progress that exceeded the consensus. It also announced an upward revision of its full-year plan and an increase in dividends, and the movement of earnings evaluations is expected. In the United States, Nvidia is showing an increase of more than 6%, so high-tech stocks with a large impact on the index are likely to push up the Nikkei average stock price.
There is a possibility that a sense of deadlock will gradually increase after a round of buying, as it is also a three consecutive holidays. Even if it has shown a rebound trend, it is considered that the move to take positions across the weeks is limited. However, the 52-week moving average of the Nikkei 225 stock price is located around 36,000 yen, so if the trend towards filling the gap becomes stronger, there is a possibility that it will lead to the movement of buying back sellers.
For selection, short-term funds are likely to be allocated to semiconductor stocks, AI-related companies, and companies related to earthquake countermeasures due to increased alertness to the Nankai Trough. In addition, individual selection based on earnings is also conscious, so other than Toshiba Electronics, Nomura <8604>, Kao <4452>, Terumo <4543>, KOKUSAI <6525>, Tokyu <9005>, Lasonak <4004>, Bandai Namco HD <7832>, Kaneka <4118>, and Fujikura <5803> are also expected to be noted.
Recruit Holdings, 1Q operating profit increased by 5.1% to 127.8 billion yen
Recruit Holdings <6098>'s first quarter performance for the fiscal year ending March 2025 increased by 6% year-on-year to 901.558 billion yen in sales revenue and 5.1% to 127.818 billion yen in operating profit. Exceeded the consensus (around 118.2 billion yen). The HR technology business and temporary staffing business, which are the mainstays such as Indid, grew, and financial income also increased.
Materials of concern in the morning session
Dow Jones Industrial Average rose (39446.49, + 683.04).
Nasdaq Composite rose (16660.02, +464.22).
1 dollar = 147.20-30 yen.
Chicago Nikkei futures rose (35575, Osaka comparison +795).
SOX index rose (4730.01, +303.74).
VIX index decreased (23.79, -4.06).
US crude oil futures rose (76.19, +0.96).
Expectations for inflation to ease in the US.
Active share buybacks
Request for improvement in corporate value by the Tokyo Stock Exchange.
Toyota <7203> R&D expenses have increased for 15 consecutive years, with Toyota ranked first at 1.3 trillion yen, according to the headquarters survey
UACJ <5741> personnel reform at Thai subsidiary, promoting the appointment of local executives
Yamaha Motor <7272> Honda supplies OEM type electric 2-wheelers, expanding product line for popularization
Toyoda Trading <8015> Executive Officer, African Headquarter COO, Tatsuya Hirata, Renewable Energy Development in Africa
Shimadzu <7701> invests in agricultural DX startups, expanding green area
Kubota <6326> to increase production of chemical plant reaction tubes, refreshing equipment at 10 billion yen
AGC <5201> forms partnership with NEC to manufacture clinical vaccines for personalized cancer treatment
SmartDrive <5137> collaborates with Galiver on new business using driving data.
MarkLines <3901> holds opening ceremony for new research facility, offering vehicle disassembly investigation, etc.
Sumitomo Riko <5191> adopts vital sensors for capsule hotels.
Toyo Machinery & Metal <6210> introduces hydraulic die-casting machine with a clamping force of 1300 tons.
Miura Industry <6005> opens new center to consolidate customer support and maintenance.
Dai Nippon Printing <7912> expands anime culture promotion in the US with 5-10 new locations.
JFE Holding <5411> performs actual testing for large electric furnaces with efficient melting of reducing iron at facilities in Chiba, Japan.
Toda Kogyo <4100> continues policy of emphasizing research and development under the leadership of Tsuneaki Hisakoh.
JERA of Chubu Electric Power Group <9502> acquires rights from local companies for solar power generation in the US.
Fudo Tetra <1813> receives excellent award at the National Land Technology Development Awards.
☆ Schedule of events in the morning session
8:50 M3 Money Stock for July (June: +1.0% YoY)
10:30 Consumer Price Index for July (expected YoY: +0.3%, June: +0.2%)
10:30 Producer Price Index for July (expected YoY: -0.9%, June: -0.8%)