“Chicago Nikkei Average Futures (CME)” (12th)

DEC24

O 36600 (in dollars)

H 37020

L 36325

C 36915 large margin +285 (evening ratio +255)

Vol 1054

36660

DEC24

O 36405 (in yen)

H 36845

L 36140

C 36740 large margin +110 (evening ratio +80)

Vol 8180

“American Depositary Receipts Overview (ADR)” (12th)

In the ADR market, Advantest ＜6857＞, SoftBank G ＜9984＞, Chugai Pharmaceutical ＜4519＞, Hitachi, Ltd. ＜6501＞, Tokyo Elec ＜8035＞, Murata Seisakusho (6981), SMC (6273), etc. rose in comparison with the Tokyo Stock Exchange (141.82 yen equivalent to 1 dollar), etc., and the general buying advantage.

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

7203 (TM.N) TOYOTA MOTOR CORPORATION 176.18 1.49 2499 77

8306 (MUFG.N) Mitsubishi UFJFG 10.30 0.05 1461 33.5

8035 (TOELY) Tokyo Elec 82.50 0.50 23400 1190

6758 (SONY.N) Sony 93.62 -0.15 13277 117

9432 (NTTYY) NTT 26.42 0.02 150 0.8

8058 (MTSUY) Mitsubishi Corporation 20.19 0.19 2863 83

6501 (HTHIY) Hitachi 48.44 1.13 3435 181

9983 (FRCOY) Fast Lite 31.40 0.42 44531 1631

9984 (SFTBY) SoftBank G 29.89 0.76 8478 604

4063 (SHECY) Shin-Etsu Chemical 20.33 0.46 5766 262

8001 (ITOCY) ITOCHU Corporation 105.08 -1.59 7451 16

8316 (SMFG.N) Sumitomo Mitsui FG 12.78 0.04 9062 179

8031 (MITSY) Mitsui & Co. 409.00 -1.31 2900 63

6098 (RCRUY) Recruit HD 12.37 0.26 8772 347

4568 (DSNKY) Daiichi Sankyo 35.95 -1.05 5098 -103

9433 (KDDIY) KDDI 16.92 0.16 4799 60

7974 (NTDOY) Nintendo 13.49 0.06 7653 114

8766 (TKOMY) Tokio Marine HD 36.40 0.20 5162 134

7267 (HMC.N) Honda Motor 31.44 0.46 1486 44.5

2914 (JAPAY) Japan Tobacco 14.50 0.01 4113 14

6902 (DNZOY) Denso 14.32 0.17 2031 65

4519 (CHGCY) Chugai Pharmaceutical 24.12 1.02 6841 361

4661 (OLCLY) ORIENLAND 27.64 0.17 3920 45

8411 (MFG.N) Mizuho FG 4.03 0.03 2858 88

6367 (DKILY) Daikin Industries 12.11 0.20 17174 384

4502 (TAK.N) Takeda Pharmaceutical 14.82 0.00 4204 9

7741 (HOCPY) HOYA 137.03 1.67 19434 684

6503 (MIELY) Mitsubishi Electric 32.60 0.77 2312 103.5

6981 (MRAAY) Murata Manufacturing 9.82 0.31 2785 139

7751 (CAJPY) Canon 34.31 0.08 4866 68

6273 (SMCAY) SMC 21.40 0.54 60699 2879

7182 (JPPTY) Japan Post Bank 8.20 -0.05 1163 -150.5

6146 (DSCSY) disco 24.40 0.00 34604 1584

3382 (SVNDY) 7 & i HD 15.62 0.62 2215 95

8053 (SSUMY) Sumitomo Corporation 22.46 -0.01 3185 48

6702 (FJTSY) Fujitsu 20.59 0.58 2920 118

6201 (TYIDY) TOYOTA INDUSTRIES 75.12 0.08 10654 234

5108 (BRDCY) Bridgestone 18.93 0.02 5369 49

6178 (JPPY) Japan Post 10.00 0.00 1418 66

8002 (MARUY) Marubeni 160.10 2.34 2271 79

6723 (RNECY) Renesas 7.45 -0.11 2113 52.5

6954 (FANUY) FANUC 13.39 0.06 3798 76

8725 (MSADY) MS&AD Insi HD 22.76 0.30 3228 104

8801 (MTSFY) Mitsui Fudosan 29.50 0.10 1395 29.5

6301 (KMTUY) Komatsu Seisakusho 26.29 0.16 3728 60

4901 (FUJIY) FUJIFILM 13.65 0.26 3872 103

6594 (NJDCY) Nidec 10.08 0.05 5718 60

6857 (ATEYY) ADVANTEST 44.60 1.60 6325 562

4543 (TRUMY) Terumo 18.67 0.53 2648 115

8591 (IX.N) ORIX 122.05 2.12 3462 110

(Top 50 by market capitalization, converted to 141.82 yen per dollar)

“Top 5 ADR Growth Rate Stocks” (12th)

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

9107 (KAIKY) Kawasaki Kisen 15.08 2139 267 14.26

6857 (ATEYY) ADVANTEST 44.60 6325 562 9.75

9984 (SFTBY) SoftBank G 29.89 8478 604 7.67

6762 (TTDKY) TDK 65.35 9268 560 6.43

5020 (JXHLY) ENEOS 10.80 766 44.8 6.21

“Top 5 ADR depreciation rate stocks” (12th)

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

7182 (JPPTY) Japan Post Bank 8.20 1163 -150.5 -11.46

8750 (DLICY) Dai-ichi Life HD 22.60 3205 -391 -10.87

2801 (KIKOY) Kikkoman 22.00 1560 -39 -2.44

4568 (DSNKY) Daiichi Sanko 35.95 5098 -103 -1.98

6752 (PCRHY) Panasonic 8.45 1198 -9.5 -0.79

“US Stock Market Overview” (12th)

NYDOW

Closing price: 41096.77 compared to the previous day: 235.06

Opening Price: 40862.11 High Price: 41107.35 Low Price: 40665.53

Year-to-date high: 41563.08 year-to-date low: 37266.67

Previous year high: 37710.10 Previous year low price: 31819.14

Nasdaq

Closing price: 17569.68 compared to the previous day: 174.15

Opening Price: 17413.89 High Price: 17605.72 Low Price: 17338.32

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: 5595.76 YoY: 41.63

Opening Price: 5557.48 High Price: 5600.71 Low Price: 5535.50

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 3.987% US 10-year government bonds 3.675%

The US stock market continues to grow. The Dow average closed at 41,096.77 dollars, up 235.06 dollars, and the Nasdaq closed at 17,569.68, which rose 174.15 points.

The August producer price index (PPI) exceeded expectations, but there is a view that the interest rate reduction trajectory has not changed, and semiconductors such as NVDA (NVDA) were strong, and then rose after being close. At the same time, sales that were disappointed with the gradual pace of interest rate cuts were also seen, and it turned to a temporary decline, but the market remained steady, supported by high technology. Towards the end of the game, when the Wall Street Journal pointed out the possibility of drastic interest rate cuts, buybacks accelerated with a sense of expectation, continued to grow drastically until the end, and ended. By sector, while media and entertainment rose, banks declined.

The airline company Alaska Air (ALK) raised its earnings per share forecast for the current quarter due to improved fuel cost forecasts, and rose. Profit margin growth in the second quarter of Kroger (KR), which operates supermarkets, exceeded expectations, and rose. Signet Jewelers (SIG), which handles retail sales of jewelry, etc., has risen drastically due to an increase in existing store sales forecasts.

The fast food chain McDonald's (MCD) announced plans to extend the sales period for its popular cheap $5 set menu, and it went up. Video distribution company Roku (ROKU) has risen due to analysts' rising investment decisions. Bio Moderna (MRNA) declined because the full-year earnings forecast reduction was disgusted. The bank Wells Fargo (WFC) declined when it became clear that the Currency Supervisory Authority (OCC) officially requested the bank to deal with money laundering when there was a lack of risk management to deal with money laundering.

The software manufacturer Adobe (ADBE) announced financial results for the 3rd quarter after the transaction ended. Earnings per share after adjustments exceeded expectations, but sales forecasts for the fourth quarter did not reach expectations, and sales were carried out overtime. The furniture sales RH (RH) had quarterly financial results, and profit per share exceeded expectations, and it was bought.

(Horiko Capital Management LLC)