I would like to pay attention to the following 3 points in the transaction before the 27th.

■By filling up dividend gaps on the same day, upward bias tends to intensify

■Toho Bank, 25/3 upward revised ordinary income 10 billion yen ← 7.5 billion yen

■Featured materials on the front floor: Makino milling, 3-axis vertical MC development, 50% work expansion

■By filling up dividend gaps on the same day, upward bias tends to intensify

The Japanese stock market on the 27th is likely to be wary of a sense of overheating after it starts before buying, but it seems that the market will develop with a strong desire to buy. On the 26th, the NY Dow rose 260 dollars and the NASDAQ was 108 points higher in the US market. In response to economic indicators that exceeded expectations, purchases intensified in line with the improvement in the economic outlook. Furthermore, the Chinese government indicated a policy to strengthen financial support in order to achieve growth targets, and the demand recovery forecast was also a support material. The Chicago Nikkei 225 futures settlement price is 39280 yen, 620 yen higher than Osaka. The yen exchange rate is hovering in the 144 yen 90 yen range per dollar.

The Nikkei Stock Average is likely to start buying ahead of time as it moves towards Chicago futures. It is the dividend drop date for the end of the September fiscal year, but it is easy for the upward bias to intensify by filling in the dividend fall, which is expected to be about 280 yen, on the same day. Since the high price of 39080 yen returned on 9/2 went up all at once, it seems that the buyback movement on the seller side will intensify. On the technical side, it has broken through the Bollinger Band's +1 σ, and people will be aware of the +2σ area around 39455 yen.

Yesterday, there was a sharp rise of 1055 yen, but today, due to the one-step increase by filling in dividend losses on the same day, movements compatible with hedging such as double inverse tend to intensify, and it seems that business involving the index will boost the overall market price. In a phase where adjustments are being made, there is a strong desire to buy while awaiting push. In the exchange market, the fact that the exchange rate of yen is close to 1 dollar = 145 yen leads to a sense of security, and policy expectations increase as people refrain from voting and counting for the Liberal Democratic Party presidential election.

As a matter of searching, as sales involving indices take center stage, it seems that the search for high-tech stocks will intensify due to values that have a large impact on the index. Also, due to the depreciation of the yen, people will be aware of export-related searches, etc. It is a place where it is difficult for funds to reach small and medium-sized stocks, mainly the index, but as the 25th line is perceived as a support line, the growth 250 index seems to show a rebound around the 200-day line, which functions as a resistance line, the search for small and medium-sized stocks will also intensify.

■Toho Bank, 25/3 upward revised ordinary income 10 billion yen ← 7.5 billion yen

Toho Bank (8346) announced revisions to its earnings forecast for the fiscal year ending 2025/3. Ordinary income was revised upward from 7.5 billion yen to 10 billion yen. For banks alone, fund profit is expected to exceed initial expectations, and credit-related expenses are expected to fall below initial expectations.

■Notable materials from the front

・The Nikkei Average rose (38925.63, +1055.37)

・The NY Dow rose (42175.11, +260.36)

・The Nasdaq Composite Index rose (18190.29, +108.09)

・1 dollar = 144.90-00 yen

・Chicago Nikkei futures rose (39280, +620 compared to Osaka)

・The SOX index rose (5310.50, +177.98)

・The VIX Index declined (15.37, -0.04)

・America'sinflationaryCalm down expectations

・Active share buybacks

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

・Makino Milling ＜6135＞ 3-axis vertical MC development, work expanded by 50%

・Nippon Steel ＜5401＞ arbitration body advances discussions with certification of eligibility and labor unions

・Team spirit ＜4397＞Joint venture with Terasky and the like to spread ERP to mid-sized companies

・Mitsubishi Heavy Industries ＜7011＞JAXA successfully launched “H2A” Unit 49

・Nissan's own ＜7201＞ French Renault Trust acquired additional Nissan shares for 79.8 billion yen

・Nagase Sangyo ＜8012＞Asahi Kasei Pharma acquires diagnostic agents and grows with biotechnology

・JR East ＜9020＞ Investigated due to Shinkansen disconnection due to “Komachi” metal fragments

・IHI ＜7013＞ Vehicle Supercharger's German subsidiary will be dissolved next spring

・Hino Tsuyoshi ＜7205＞ Canada class action lawsuit to be settled for 6 billion yen

・Suzuki ＜7269＞Memorandum of Understanding with Pakistan Agricultural University on biogas research

・Kawasaki Shigeru ＜7012＞ strategic agreement with major US construction companies to promote commercial liquefied hydrogen supply networks

・Canon ＜7751＞ reverses semiconductor devices and re-enters the market with nanoimprints

・Asahi Kasei ＜3407＞ to develop flame shielding materials for EVs with Muff Tech

・Vertex ＜5290 ＞ Kumagai Group and joint wall railings for highway renewal, construction speed improved

・Mitsubishi Estate ＜8802＞invests in logistics facilities in India, 2 properties in the Delhi area

・Shikoku Kasei HD ＜4099＞A new plant for wastewater treatment agents will begin production in January next year

・Mipox ＜5381＞ opens sales office in Kanazawa next month

☆ Front office event schedule

＜Domestic＞

・ 08:30 September Tokyo Metropolitan Consumer Price Core Index (year-on-year forecast: +2.0%)

＜Overseas＞

・ 10:30 Mid-August industrial enterprise profit (July: +4.1% year-on-year)