I would like to pay attention to the following 3 points in the 10-day advance transaction.

■Determine the solidity of high-tech stocks

■Kura Sushi turns 3Q operating profit surplus 6.362 billion yen

■Notable materials from the front floor: Denso integrates new ECU plant into Zenmei Works

■Determine the solidity of high-tech stocks

The Japanese stock market on the 10th is likely to develop to determine solidity. In the US market on the 9th, the NY Dow rose by 484 dollars and the NASDAQ was 193 points higher. According to the US employment statistics for August announced last week, while the growth in the number of people employed in the non-farm sector fell below market expectations, there were mixed results, such as an improvement in the unemployment rate, so purchases aimed at an autonomous backlash against last week's drastic decline came in. The fact that semiconductor stocks such as NVIDIA picked up also led to a sense of security in buying. The Chicago Nikkei 225 futures settlement price is 36215 yen, 25 yen lower than Osaka. The yen exchange rate is hovering at 142 yen 90 yen per dollar.

The Nikkei Stock Average is likely to start before buying in response to US stock appreciation. However, there are times when Chicago futures have declined slightly compared to Osaka, so it is likely that after a round of buying, the feeling of tightness will intensify, and it is likely that they will determine solidity. There are also scenes where Nikkei 225 futures were temporarily bought up to 36510 yen during the night session and then sold up to 35960 yen, and the price movement is still unstable. Since futures options special clearing index calculation (major SQ) for the 9 month period are ahead over the weekend, there seems to be a possibility that hedging compatible movements will intensify if rough price movements continue.

One corner of semiconductors such as NVIDIA is rebounding in the US market, and it is attracting attention whether East Electric (8035), which has updated its year-to-date low, will show a rebound. Also, Apple announced the new smartphone “iPhone 16” series. Make it possible to use the in-house generated AI service “Apple Intelligence” on all models. Apple's stock price had been moving in a negative zone, but then picked up and rose slightly. Also, when semiconductors are used in new smartphones, the arms transmitted are rapidly growing, and it seems that it will be a support material for SoftBank G ＜9984＞.

While there is a possibility that SoftBank G will lead the Nikkei Average, it seems that they will move towards a stance aimed at push. However, the fact that the US Consumer Price Index (CPI) for August is about to be announced on the 11th seems to make people nervous, and it is easy to refrain from aggressive trading. Also, since major SQ is ahead in the futures market, manipulative trading will be refrained, mainly due to rollovers associated with monthly changes. It is difficult to expect aggressive upward price tracking, but in a phase where the solidity of high-tech stocks is seen, it seems that people are becoming aware of buying with the aim of pushing ahead.

■Kura Sushi turns 3Q operating profit surplus 6.362 billion yen

The third quarter results for the fiscal year ending 2024/10 announced by Kura Sushi ＜2695＞ were sales of 173.893 billion yen, up 12.1% from the same period last year, and operating profit and loss surplus of 6.363 billion yen (deficit of 0.376 billion yen in the same period last year). Within Japan, sales remained strong due to the development of fairs centered on high-quality products such as “tuna” and “crab,” which are our strengths, and the implementation of collaboration projects with the popular anime “Demon Slayer” and the popular anime “My Hero Academia,” where theatrical versions were shown. The financial results for the fiscal year ending 2024/10 remain unchanged from the plan revised upward in June, when sales were 234 billion yen, up 10.7% from the previous fiscal year, and operating profit was 5.5 billion yen, up 123.9% from the same period.

■Notable materials from the front

・The NY Dow rose (40829.59, +484.18)

・The Nasdaq Composite Index rose (16884.60, +193.77)

・1 dollar = 143.10-20 yen

・The SOX index rose (4625.78, +97.57)

・The VIX Index declined (19.45, -2.93)

・US crude oil futures rose (68.71, +1.04)

・Long-term US interest rates have declined

・Expectations that US inflation will calm down

・Active share buybacks

・Request for improvement of corporate value by the Tokyo Stock Exchange

・KOKUSAI ELECTRIC ＜6525＞ New research and development base in the US, responding to increasing semiconductor complexity

・Denso ＜6902＞ New ECU plant integrated into Zenmei Works

・7 & iHD ＜3382＞ Canadian major convenience store re-proposes acquisition

・Fujitsu ＜6702＞ promotes EVs and demonstrates optimization of charging infrastructure installation in India

・ITOCHU ＜8001＞ invests in used European aircraft parts and enters the aftermarket

・Daido Steel ＜5471＞ Gigacast compatible mold steel ensures toughness

・Autonomous robots unveiled for the first time at Yamazen ＜8051＞ logistics exhibition

・Yaskawa Electric ＜6506＞ opens unautomated areas, judgment/operation with AI, autonomous robot

・Cooperation with Mitsui E&S ＜7003＞JBIC on port machinery and funds with Turkish companies

・Sharp ＜6753＞ starts again, enters EVs in search of “sharpness,” and its uniqueness is being questioned

・Panasonic HD ＜6752＞PanaEnergy to mass-produce cylindrical batteries for automobiles

・NEC ＜6701＞NIPPON EXPRESS HD and autonomous remote control of forks, demonstrated in a warehouse

・NTT ＜9432＞LLM for NTT East and Tokyo Communications University, 24 hour question and answer service

・NSW ＜9739＞Smarter facility management and provision of new services

・Mitsubishi Chemical sells G＜4188＞ triacetate fiber business to GSI Creos

・Kuraray ＜3405＞ Laboratories specializing in cell culture in Tokyo/Shinjuku strengthen customer contact points

・Denka ＜4061＞ Ofuna Plant was shut down in 26/3 and withdrawn from PE packaging materials

・Mitsui Fudosan ＜8801＞Meiji Jingu Gaien redevelopment plan reviewed and cut tree felling by 124 trees

・NGK (5333) Receives NAS battery order in Hungary for national energy

☆ Front office event schedule

＜Domestic＞

・ 08:50 August money stock M3 (July: +0.9% compared to previous year)

＜Overseas＞

・Time undecided ・August export (year-on-year forecast: +6.6%, July: +7.0%)

・Time undecided ・August imports (year-on-year forecast: +2.5%, July: +7.2%)