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

■The possibility that high-tech stocks will drive the Nikkei Average

■Otsuka HD, 2Q revised downward operating profit 95 billion yen ← 168 billion yen

■Notable materials on the front floor: Marubeni partners with Rebox to support small to medium DX, parts estimation with AI

■The possibility that high-tech stocks will drive the Nikkei Average

In the Japanese stock market on the 23rd, it seems that market developments with a strong sense of stalemate will continue after a round of buying. In the US market on the 22nd, the NY Dow depreciated by 201 dollars and the NASDAQ depreciated by 31 points. In the summary of the US Federal Open Market Committee (FOMC) proceedings for the previous session announced by the US Federal Reserve (Fed), in addition to the attitude of maintaining policy interest rates at a high level over an even longer period of time, it became clear that there were also participants who supported additional tightening if necessary, and sales spread due to receding expectations of interest rate cuts. Chicago Nikkei 225 futures are 38,635 yen, 15 yen higher than Osaka. The yen exchange rate has been hovering at 156 yen 70 yen per dollar.

It seems that they will start slightly ahead of buying, starting in the form of falling in favor of Chicago futures. Although the decline in the US market is a burden, there have been a series of statements by officials wary of inflation under the FOMC agenda summary, so it is probably already factored in. It is thought that it would be difficult for it to become a development that would make people move towards anaerobic sales again. Meanwhile, NVIDIA's financial results, which have been attracting attention, have exceeded expectations across the board, in addition to 1 share profit, sales, and outlook for the 2nd quarter exceeding expectations across the board, stock splits and dividend increase plans to make 1 share 10 shares have been announced, and they have been heavily bought due to overtime transactions.

There was also a scene where Nikkei 225 futures were sold for up to 38460 yen at one point during the night session, but in response to NVIDIA's settlement, they were bought up to 38800 yen at the end of the market. There is a high possibility that high-tech stocks will drive the Nikkei Average due to values that have a large index impact due to falling into futures, and the buyback movement on the seller side is also likely to intensify. Although yesterday's Nikkei Stock Average fell below the 75-day line, which was perceived as a support line, it will show a rebound from the same level.

However, after a round of buying, there is a possibility that the mood to determine the reaction of the US market, which has received NVIDIA's financial results, will intensify. Therefore, while determining the solidity after a round of buying, it seems that they will move towards an aggressive stance. As a search, in addition to high-tech stocks with high values such as East Elec ＜8035＞, Advantest ＜6857＞, and Lasertech ＜6920＞, pay attention to trends in the SoftBank Group ＜9984＞, which supported the Nikkei Stock Average the day before. Also, as speculations about the Bank of Japan's monetary policy normalization are smoldering, interest is likely to be drawn to megabank trends.

■Otsuka HD, 2Q revised downward operating profit 95 billion yen ← 168 billion yen

Otsuka HD ＜4578＞ announced revisions to its earnings forecast for the 2nd quarter of the fiscal year ending 2024/12. Sales are expected to exceed expectations from 1.37 trillion yen to 110 trillion yen. Meanwhile, operating profit was revised downward from 168 billion yen to 95 billion yen. An impairment loss of approximately 100 billion yen will be recorded due to the discontinuation of development of AVP-786, which is being developed due to agitation associated with Alzheimer's dementia. Meanwhile, in addition to reviewing exchange assumptions, milestone income is anticipated.

■Notable materials from the front

・1 dollar = 156.70-80 yen

・Chicago Nikkei futures rose (38635, +15 compared to Osaka)

・The SOX index rose (5126.81, +52.42)

・Expectations that US inflation will calm down

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

・Marubeni ＜8002＞ partners with Rebox for small to medium DX support, parts estimation with AI

・TDK＜6762＞ sales of 2.5 trillion yen, new mid-term fiscal year 26, focus on high value-added products

・JR Tokai ＜9022＞Linear construction interrupted due to water level drop in Gifu, “sincere response”

・Kubota ＜6326＞ gravimetric feeders specialized in textile materials and pharmaceuticals contribute to improved productivity

・Okamoto Machine Tool ＜6125＞formed a capital alliance with Mitsui & Co., Ltd. and made it an equity method company with 30% share transfer

・Sojitz ＜2768＞ enters regional cooling in Saudi Arabia and forms joint venture with local electric power

・FANUC ＜6954＞CNC completely redesigned, focusing on ease of use from the customer's point of view

・Mitsubishi Heavy ＜7011＞ received additional orders for nuclear fusion reactors, 12 outer vertical targets

・Mitsubishi Electric ＜6503＞Electricity/Thermal Energy Operation Optimization Support, Consulting/Policy Proposals

・Nichicon ＜6996＞ aluminum electrolytic capacitor, high current even at high temperatures, developed

・Mercari ＜4385＞ is proposed by purchasers so that it is possible to sell without a price

・Fujitsu ＜6702＞ Iceland Co., Ltd. and a new method to search for catalysts for ammonia synthesis

・Improved convenience of tour passes, such as TIS ＜3626＞ PanaHD, etc., and unlimited rides with digital currency

・Nintendo (7974) acquires US game development

・Toray ＜3402＞ mold release film for advanced semiconductors, organic fluorine-free

・Tobishima Corporation ＜1805＞ Nice and a new company promoting wooden construction and wood conversion for non-residential buildings

・LINTEC ＜7966＞ millimeter-wave electromagnetic wave control sheet with a thickness reduced in half, for partitions in car maintenance shops

・JCU ＜4975＞ 7 times capital investment this fiscal year, increasing chemicals for semiconductors in Kumamoto

・Tokyo Tatemono ＜8804＞ Yacht sail image, completed in Osaka using the building as art

・ADEKA ＜4401＞ hydrogen peroxide equipment increased, production increased 1.3 times

☆ Front office event schedule

＜Domestic＞

・ 10:10 Bank of Japan Regular Government Bond Purchase Operation Notice

＜Overseas＞

・Nothing in particular