“Chicago Nikkei Average Futures (CME)” (16th)

JUN24

O 38725 (in dollars)

H 38990

L 38530

C 38570 large comparison - 320 (evening ratio +40)

Vol 5164

JUN24

O 38715 (in yen)

H 38975

L 38515

C 38560 large proof ratio - 330 (evening ratio +30)

Vol 20178

“American Depositary Receipts Overview (ADR)” (16th)

In the ADR market, Kashima ＜1812＞, Sumitomo Den＜5802＞, SoftBank G ＜9984＞, Fast Retay ＜9983＞, Ebara ＜6361＞, FANUC ＜6954＞, Nintendo ＜7974＞, etc. fell in comparison with the Tokyo Stock Exchange (155.38 yen equivalent to 1 dollar), etc., and general sales dominance.

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

7203 (TM) TOYOTA 215.63 -3.92 3350 -2

8306 (MUFG) Mitsubishi UFJ 9.76 -0.54 1517 -5.5

6758 (SONY) Sony G 83.39 -0.09 12957 -58

9432 (NTTYY) NTT 24.70 -0.75 154 0

9983 (FRCOY) Fast Retay 26.25 -0.13 40787 -593

6954 (FANUY) FANUC 14.64 0.09 4550 -60

9984 (SFTBY) SoftBank G 27.01 0.14 8394 -145

8316 (SMFG) Sumitomo Mitsui 12.02 -0.25 9338 -62

8031 (MITSY) Mitsui 1012.50 -1.16 7866 -9

8001 (ITOCY) ITOCHU 92.87 0.50 7215 -50

7974 (NTDOY) Nintendo 13.68 0.27 8502 -98

8766 (TKOMY) Tokio Marine HD 31.67 -0.34 4921 -23

7267 (HMC) Honda 32.82 -1.02 1700 -8.5

6902 (DNZOY) Denso 16.83 -0.23 2615 -15.5

8411 (MFG) Mizuho FG 3.95 -0.19 3069 2

7741 (HOCPY) HOYA 122.74 -3.07 19071 -219

6503 (MIELY) Mitsubishi Electric 36.07 -0.11 2802 -20.5

8053 (SSUMY) Sumitomo Corporation 26.57 -0.33 4128 -3

8002 (MARUY) Marubeni 191.38 -4.29 2974 -31

6723 (RNECY) Renesas 8.51 -0.26 2645 -22.5

5108 (BRDCY) Bridgestone 21.97 -0.33 6827 -48

6702 (FJTSY) Fujitsu 14.92 -0.14 2319 -13.5

6301 (KMTUY) Komatsu 29.45 -0.84 4576 -47

4901 (FUJIY) FUJIFILM 10.89 -0.20 3384 -30

8591 (IX) oryx 108.41 0.59 3369 -18

8802 (MITEY) Ryojisho 17.76 -0.35 2760 2

2802 (AJINY) Ajinomoto 39.26 0.21 6100 -28

8604 (NMR) Nomura HD 5.90 0.11 917 1.1

8267 (AONNY) AEON 21.10 -0.36 3279 -12

6762 (TTDKY) TDK 46.41 1.17 7211 -55

1925 (DWAHY) Daiwa House 26.40 -0.06 4102 -28

8309 (SUTNY) Mitsui Trust 4.66 -0.03 3620 25

7270 (FUJHY) SUBARU 10.45 -0.21 3247 -6

1928 (SKHSY) Sekisui House 23.27 -0.03 3616 41

9735 (SOMLY) SECOM 15.99 -0.28 9938 -92

7201 (NSANY) Nissan since 7.12 -0.20 553 -2

2503 (KNBWY) giraffe 14.49 -0.24 2251 -2

4911 (SSDOY) Shiseido 31.18 0.62 4844 -18

5802 (SMTOY) Sumitomo Electric 14.86 -0.32 2308 -41.5

6988 (NDEKY) Nittoden 39.36 -0.74 12233 -97

7202 (ISUZY) ISUZU 12.90 -0.41 2004 -14

9202 (ALNPY) ANA 3.87 0.03 3007 5

3407 (AHKSY) Asahi Kasei 13.16 -0.34 1022 -9.5

1812 (KAJMY) Kashima 16.62 -0.60 2582 -76

6586 (MKTAY) Makita 30.71 0.67 4772 -45

7912 (DNPLY) Dainichi Seal 15.19 -0.18 4720 -12

3402 (TRYIY) Toray 9.96 -0.24 774 -8.8

5201 (ASGLY) AGC 7.10 -0.02 5516 -30

6361 (EBCOY) Ebara 40.36 1.40 12542 -178

6645 (OMRNY) Omron 35.32 -1.13 5488 -24

(Top 50 by market capitalization, converted to 155.38 yen per dollar)

“Top 5 ADR Growth Rate Stocks” (16th)

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

6952 (CSIOY) Casio 77.07 1198 33 2.83

6448 (BRTHY) brother 38.68 3005 74 2.52

1928 (SKHSY) SEKISUI HOUSE 23.27 3616 41 1.15

7012 (KWHIY) Kawashige 14.66 5695 54 0.96

5631 (JPSWY) Nippon Steel 13.50 4195 31 0.74

“Top 5 ADR Decline Rate Stocks” (16th)

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

6113 (AMDLY) AMADA 45.88 1782 -53 -2.89

1812 (KAJMY) Kashima 16.62 2582 -76 -2.86

6753 (SHCAY) sharp 1.28 796 -16 -1.97

5802 (SMTOY) Sumitomo Electric 14.86 2308 -41.5 -1.77

9984 (SFTBY) SoftBank G 27.01 8394 -145 -1.70

“US Stock Market Overview” (16th)

NYDOW

Closing price: 39869.38 compared to the previous day: -38.62

Opening Price: 39912.34 High Price: 40051.05 Low Price: 39864.68

Year-to-date high: 39807.37 year-to-date low: 37266.67

Previous year high: 37710.10 Previous year low price: 31819.14

Nasdaq

Closing price: 16698.32 compared to the previous day: -44.07

Opening Price: 16738.11 High Price: 16797.83 Low Price: 16693.45

Year-to-date high: 16442.20 year-to-date low: 14510.30

Previous year high: 15099.18 Previous year low price: 10305.24

S&P 500

Closing price: 5297.10 compared to the previous day: -11.05

Opening Price: 5310.07 High Price: 5325.49 Low Price: 5296.19

Year-to-date high: 5254.35 year-to-date low: 4688.68

Previous year high: 4783.35 Previous year low price: 3808.10

US 30-year government bonds 4.512% US 10-year government bonds 4.375%

The US stock market fell. The Dow average closed at 39,869.38 dollars, down 38.62 dollars, and the NASDAQ fell 44.07 points at 16,698.32.

Purchases in response to expectations of early interest rate cuts continued, and after getting close, they rose. The Dow achieved the 40,000 dollar range for the first time, but after that, it was sold at profit due to a sense of accomplishment at a high price, and growth was sluggish. Despite the April Consumer Price Index (CPI) results, senior Federal Reserve (Fed) officials still reiterated their cautious stance in support of maintaining high interest rates for the time being, so high-tech turned to sales in response to an increase in long-term interest rates. Towards the end of the game, the Dow was unable to maintain the positive zone, and the market price fell and ended. By sector, while food and daily necessities retail and real estate management/development rose, durable consumer goods and apparel declined.

The discount retail company Walmart (WMT) rose because of its quarterly financial results, a drastic increase in sales and upward revisions to the outlook. The general insurance company Chubb (CB) revealed that Berkshire Hathaway (BRK), operated by the famous investor Mr. Buffett, held shares in the company, and was bought. Semiconductor manufacturer Advanced Micro Devices (AMD) rose because research companies excluded NVIDIA (NVDA) in the same industry from the purchase recommendation list and added the company. NVIDIA (NVDA) declined. Intel (INTC) in the same industry also rose as analysts raised investment decisions. Farm equipment manufacturer Deere (DE) lowered its full-year earnings forecast due to a decline in demand, and declined.

Video game maker Take2 Interactive Software (TTWO) announced quarterly results after the transaction ended. In addition to announcing an unexpected loss of 1 share, forecasts fell below expectations since expected game sales were postponed to the fall of '25, and it fell due to overtime trading.

(Horiko Capital Management LLC)