I would like to pay attention to the following 3 points in the pre-market transaction on the 23rd.

■The inflow of funds to Tokyo Metro from a medium- to long-term stance

■Daitoken, 25/3 upward revised operating profit 120 billion yen ← 110 billion yen

■Notable materials on the front floor: NTT, NTT Facilities, DC cooling system verification for AI, new facility in Musashino

■The inflow of funds to Tokyo Metro from a medium- to long-term stance

The Japanese stock market on the 23rd may be weakening, but it seems that it will move towards an aggressive stance against the previous day's decline. On the 22nd, the NY Dow depreciated by 6 dollars and the NASDAQ was 33 points higher in the US market. In response to favorable economic indicators and the increase in domestic economic growth forecasts by the International Monetary Fund (IMF), there were also situations where people were bought out of expectations for a soft landing, but the rise in long-term US interest rates became a burden. The Chicago Nikkei 225 futures settlement price is 38390, which is 40 yen lower than Osaka

circle. The yen exchange rate is hovering in the 151 yen 00 yen range per dollar.

The Nikkei Stock Average is likely to start slightly cheaper by falling in line with Chicago futures. In the US, the view that interest rates will remain unchanged at the US Federal Open Market Committee (FOMC) in November is also growing, and it is probably a place where it is easy for profit determination sales to enter. Meanwhile, as financial results announcements are in full swing, the view that it is more than expected seems to be underpinned. Expectations for Nidec ＜6594＞ to be announced today are likely to increase in Japan due to the financial results reaction of DISCO ＜6146＞ at the moment.

Also, Tokyo Metro ＜9023＞ will be listed today. The scale of disclosure is the largest this year, and it seems that there are many investors who take a long-term stance due to high dividend yields. If it seems to show a steady transition from a smooth initial price formation thereafter, there is a possibility that it will lead to sentiment improvement. Yesterday's Nikkei Average seems to have strengthened the movement to set up sales due to political unease, and it was sold up to 38200.82 yen in the middle of the front market. After the first round of sales, there was a stalemate with 38400 yen in between, but after adjustments up to the 75th and 200-day lines, there is a possibility that both lines will be perceived as support lines.

Aggressive purchases may be refrained from ahead of the House of Representatives election, but it seems that searching with a medium- to long-term stance, such as Tokyo Metro, will intensify. Also, the weakness of high-tech stocks was conspicuous yesterday, but the impact of Nikkei Average index sales was significant. If there seems to be solidity at the support line level, it seems that people will be aware of buyback movements, albeit in the short term. Therefore, while being wary of adjustments up to around 38,000 yen, let's make them move towards a stance aimed at push.

In the US, the rise in long-term interest rates has become a burden, and in the exchange market, the yen depreciates to the depreciation of 1 dollar = 151 yen. It is also a place where it is easy for people to be aware of capital inflows aimed at Japan-US interest rate differences.

■Daitoken, 25/3 upward revised operating profit 120 billion yen ← 110 billion yen

Daito Construction (1878) announced revisions to its earnings forecast for the fiscal year ending 2025/3. Sales were revised upward from 1 trillion820 billion yen to 1 trillion830 billion yen, and operating profit was revised upward from 110 billion yen to 120 billion yen. Construction volume leveling and total profit increased due to leveling construction volumes and smooth progress of processes, etc., and investment condominiums and purchase and resale were doing well in the real estate development business. At the same time, an increase in dividend forecasts was announced.

■Notable materials from the front

・The Nasdaq Composite Index rose (18573.13, +33.12)

・$1 = 151.00-10

・The VIX Index declined (18.20, -0.17)

・US crude oil futures rose (71.74, +1.70)

・Expectations that US inflation will calm down

・Active share buybacks

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

・NTT ＜9432＞NTT Facilities verifies DC cooling system for AI, new facility in Musashino

・Mitsubishi HC Capital ＜8593＞ differentiates due to the evolution of the business model and creates added value under the direct control of the president

・Takachiho Trading ＜2676＞Overseas sales ratio 40% around fiscal year 30, sales expansion in Southeast Asia

・Next-generation optical communication networks are collaborated with NTT ＜9432＞KDDI, etc., to develop basic technology

・Sony Honda Mobility of the Sony G ＜6758＞ Group sells EVs directly online

・Pharma Foods ＜2929＞Partnered with ITOCHU Corporation to expand functional materials and products

・Casio calculator ＜6952＞G shock 2 types sold on the 29th, prepared for shipment by hand

・Resonac HD ＜4004＞ Petrochemical Transfer Company became a wholly owned subsidiary, and a listing system was established

・Characters from ITOCHU ＜8001＞ SNS commercialized and rights acquired in Asia

・Toyota's own ＜7203＞ searches for tomorrow's lights, decarbonizes strategy and production in “all directions”

・Improved computational efficiency of Fujitsu ＜6702＞ GPUs and developed middleware technology

・Renesas ＜6723＞ mass production of power-saving microcomputers for industrial equipment

・Science Arts ＜4412＞JVCKENWOOD invests and collaborates on IP radio

・Komatsu ＜6301＞ recycling polishing sludge and starting joint research with Sunmetallon

・Nippon Paper ＜3863＞New paper packaging material and heat seal for daily necessities

・Sekisui ＜4204＞ increases production of conductive fine particles, doubles plant capacity in Shiga

・Toyobo ＜3101＞Toyobo seal, impact resistant carbon fiber yarn, composite with polyca fiber

・Mitsubishi Materials ＜5711＞Onahama Smelting Accelerates Urban Mining Recycling, New Facility in Fukushima

・J Power ＜9513＞ obtained a basic patent for offshore wind power with the University of Tokyo, making construction easier in the Japanese Sea

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