I would like to pay attention to the following 3 points in the 31st pre-market transaction.
■Interest is drawn to Advantest's financial results
■TEPCO HD, 2Q operating profit down 43.9% to 199 billion yen
■Notable materials from the front floor: Idemitsu Kosan, President Shunichi Kito, imports for the time being with the aim of domestic hydrogen
■Interest is drawn to Advantest's financial results
The Japanese stock market on the 31st is likely to be a market development where people are aware of solidity even though sales are ahead of schedule. On the 30th, the NY Dow depreciated by 91 dollars and the NASDAQ depreciated 104 points in the US market. In addition to private sector employment statistics exceeding expectations, the gross domestic product (GDP) for the July-9 fiscal year also showed steady growth due to a slowdown in growth from the previous quarter, so there were situations where it was bought out of expectations for a soft landing. However, sales spread to other semiconductor stocks due to the sale of Advanced Micro Devices (AMD), whose outlook fell below expectations, and the fact that a sense of caution about AI-related matters increased due to the sharp drop in super micro computers was disgusted. The Chicago Nikkei 225 futures settlement price is 39295 yen, 195 yen lower than Osaka. The yen exchange rate is hovering at 153 yen 20 yen per dollar.
The Nikkei Stock Average is likely to begin with the development of sales dominance in the form of falling in favor of Chicago futures. The decline in AMD is probably factored into the decline in overtime trading the day before. However, since the SOX index has fallen by more than 3%, it is easy for hold-up adjusted sales to enter a corner of high-tech stocks with values that have a large index impact, such as TOEREC <8035>. Also, since Super Micro has plummeted by over 30%, it will be easier for profit determination sales to enter AI-related markets. The Nikkei Stock Average has also risen by over 1,360 yen in 3 days, so it seems that sales aimed at waiting for a return will also be taken into consideration.
Meanwhile, as financial results announcements are in full swing, the financial results reaction of Advantest <6857> is likely to attract attention domestically. Sales and operating profit hit record highs for the second quarter of the fiscal year ending 2025/3, which were announced last night. Also, since demand for advanced process products increased, sales of test equipment for SoC semiconductors increased drastically. At the same time, an upward revision of the earnings forecast for the fiscal year ending 25/3 has been announced. If the stock price seems to rise one step higher as it hits a new high, it will brighten sentiment. If Advantest seems to show strong movements while US high-tech stocks are weak, it seems that it will be difficult to set up sales methods.
In addition to preparing for the US presidential election, it is thought that aggressive purchases are being refrained as financial results announcements are in full swing, but it is easy for purchases aimed at push in. Yesterday's Nikkei Stock Average rose sharply, and it temporarily recovered to the 39400 yen level. Since it has captured the Bollinger Band's +1σ (39397 yen), it is at a level where it is easy to get into profit. If solidity around 39,000 yen seems to be seen, there seems to be a possibility that the push buying movement will intensify.
Also, in addition to Advantest, where financial results were announced last night, Genki GDC <9828>, AGP <9377>, dry chemistry <1909>, Kagome <2811>, Makita <6586>, LIXIL <5938>, wellnet <2428>, net one <7518>, Hokuriku Electric Power <9505>, Astellas Pharma <4503>, FDK <6955>, etc. are attracting attention.
■TEPCO HD, 2Q operating profit down 43.9% to 199 billion yen
The results for the second quarter of the fiscal year ending 2025/3 announced by TEPCO HD <9501> were sales of 3 trillion354.9 billion 57 million yen, down 4.5% from the same period last year, and operating profit of 199 billion 12 million yen, down 43.9% from the same period last year. It falls below consensus (about 218 billion yen). In addition to a decrease in “off-schedule profit,” which increased due to falling resource prices, damage compensation costs related to the accident at the Fukushima Daiichi Nuclear Power Station also became a burden. Note that the full-year earnings forecast for the fiscal year ending 25/3 is undecided because the Kashiwazaki-Kariwa nuclear power plant will restart cannot be predicted.
■Notable materials from the front
・The Nikkei Average rose (39277.39, +373.71)
・1 dollar = 153.20-30 yen
・US crude oil futures rose (68.61, +1.40)
・America'sinflationaryCalm down expectations
・Active share buybacks
・Request for improvement of corporate value by the Tokyo Stock Exchange
・Idemitsu Kosan <5019> President Kitou Shunichi will import domestic hydrogen for the time being
・Sumitomo Chemical <4005> returns to growth trajectory, results in petrochemical-related structural reforms
・Mitsubishi Electric <6503> expands product supply capacity by 16 billion yen between Japan and the US for power transmission and distribution
・Suzuki <7269> deepens collaboration with Toyota to supply SUV-type EVs as OEM
・Kyocera <6971> partial sale of KDDI shares, 500 billion yen procurement
・Nankai Electric Railway <9044>Railway spin-off in April '26, with real estate as the main axis of growth
・Automotive parts production in Alps Alpine (6770) Ireland ends around fiscal year 27
・Suzuki <7269> consolidates four-wheel subsidiaries in India
・Mass production of digital-to-analog conversion circuit chips for ROM <6963> audio begins, differentiation in sound quality
・Takeda iPHD <7875> President Koji Kimata is on the offensive in semiconductor/overseas business
・NEC <6701> Maruki Sangyo and AI use AI to mix and color waste plastic, cutting work time in half even for beginners
・TIS <3626> SaaS service started, and business negotiation results are automatically reported
・Daio Paper <3880>Transportation with self-driving trucks, highway demonstration
・Carlit <4275> begins phase 3 construction in Gunma, increasing ammonium perchlorate production
・Obayashi Corporation <1802> obtained WELL certification for an office building in Thailand
・KH Neochem <4189> applies “sugar chains” to pharmaceuticals, etc., and actively disseminates research information
・Demonstration of wind power generation at Taisei Corporation <1801> skyscraper with 3 companies, including wind power generation and Challenge, etc. from next April
・Mitsubishi Materials <5711> Accelerates proposals for recycled metals, the first brand
・Toyobo <3101>Establishing a resource recycling scheme and recycling process films
・Asahi Kasei <3407> Independent New Company Utilizes Drug Delivery Bases and Establishes Cancer Treatment
☆ Front office event schedule
<Domestic>
・ 08:50 September industrial production (month-on-month forecast: +0.8%, August: -3.3%)
<Overseas>
・ 09:30 Australian retail sales for September (month-on-month forecast: +0.3%, August: +0.7%)
・ 10:30 Mid-October manufacturing PMI (forecast: 49.9, September: 49.8)
・ 10:30 Mid-October non-manufacturing PMI (forecast: 50.3, September: 50.0)