“Chicago Nikkei Average Futures (CME)” (31st)

JUN24

O 38065 (in dollars)

H 38740

L 37975

C 38640 large margin +150 (evening ratio -90)

Vol 7532

JUN24

O 38080 (in yen)

H 38745

L 37970

C 38635 large margin +145 (evening ratio -95)

Vol 27339

“American Depositary Receipts Overview (ADR)” (31st)

In the ADR market, while Bridgestone ＜5108＞, Mitsubishi UFJFG ＜8306＞, Tokio Marine HD ＜8766＞, ORIX ＜8591＞, etc. rose in comparison with the Tokyo Stock Exchange (157.31 yen equivalent to 1 dollar), Japan Post Bank ＜7182 ＞, Japan Post ＜6178 ＞, Renesas ＜6723＞, Advantest ＜6857＞, etc. fell, and the overall situation was mixed.

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

7203 (TM.N) Toyota Motor 217.51 3.34 3422 21

8306 (MUFG.N) MITSUBISHI UFJFG 10.64 0.22 1674 16

8035 (TOELY) Tokyo Elec 106.16 -3.13 33400 -230

6758 (SONY.N) Sony 82.34 1.55 12953 58

9432 (NTTYY) NTT 24.45 0.22 154 -0.3

8058 (MTSUY) Mitsubishi Corporation 21.14 0.04 3326 23

6501 (HTHIY) Hitachi 205.53 4.71 16166 21

9983 (FRCOY) Fast Lite 25.59 0.34 40256 46

9984 (SFTBY) SoftBank G 28.92 0.88 9099 57

4063 (SHECY) Shin-Etsu Chemical 18.59 0.26 5849 -6

8001 (ITOCY) ITOCHU Corporation 94.61 2.84 7442 32

8316 (SMFG.N) Sumitomo Mitsui FG 13.11 0.29 10312 22

8031 (MITSY) Mitsui & Co. 1017.56 6.55 8004 34

6098 (RCRUY) Recruit HD 10.00 0.00 7866 -82

4568 (DSNKY) Daiichi Sanko 35.38 0.90 5566 -12

9433 (KDDIY) KDDI 13.75 0.07 4326 -11

7974 (NTDOY) Nintendo 13.58 0.29 8545 -10

8766 (TKOMY) Tokio Marine HD 34.83 0.58 5479 50

7267 (HMC.N) Honda Motor 33.92 0.61 1779 9.5

2914 (JAPAY) Japan Tobacco 14.11 0.10 4439 -13

6902 (DNZOY) DENSO 16.18 0.12 2544 1

4519 (CHGCY) Chugai Pharmaceutical 15.16 0.26 4770 -11

4661 (OLCLY) ORIENLAND 28.02 0.29 4408 21

8411 (MFG.N) Mizuho FG 4.10 0.07 3225 11

6367 (DKILY) Daikin Industries 14.59 0.17 22952 7

4502 (TAK.N) Takeda Pharmaceutical 13.35 0.32 4200 27

7741 (HOCPY) HOYA 120.82 1.53 19006 -54

6503 (MIELY) MITSUBISHI ELECTRIC 34.74 1.34 2732 2

6981 (MRAAY) Murata Manufacturing 9.38 0.10 2951 -15.5

7751 (CAJPY) Canon 28.94 0.28 4553 1

6273 (SMCAY) SMC 25.16 0.21 79158 348

7182 (JPPTY) JP BANK 8.90 0.05 1400 -153

6146 (DSCSY) disco 38.60 -0.40 60722 -768

3382 (SVNDY) Seven & i HD 12.87 -0.08 2025 -3

8053 (SSUMY) Sumitomo Corporation 26.12 0.47 4109 28

6702 (FJTSY) Fujitsu 14.37 0.04 2261 -7.5

6201 (TYIDY) TOYOTA INDUSTRIES 94.12 0.92 14806 6

5108 (BRDCY) Bridgestone 21.98 0.17 6915 75

6178 (JPPY) Japan Post 9.00 0.00 1416 -99

8002 (MARUY) Marubeni 195.67 0.82 3078 18

6723 (RNEcy) Renesas 9.12 -0.08 2869 -67

6954 (FANUY) FANUC 13.97 -0.18 4395 -4

8725 (MSADY) MS&AD InsiHD 20.76 -0.18 3266 -15

8801 (MTSFY) Mitsui Fudosan 27.50 0.90 1442 1.5

6301 (KMTUY) Komatsu Seisakusho 29.39 0.53 4623 26

4901 (FUJIY) FUJIFILM 11.36 0.07 3574 -5

6594 (NJDCY) Nidec 12.31 -0.27 7746 -97

6857 (ATEYY) ADVANTEST 33.20 -0.30 5223 -90

4543 (TRUMY) Terumo 16.98 0.13 2671 1

8591 (IX.N) ORIX 109.43 1.82 3443 24

(Top 50 by market capitalization, converted to 157.31 yen per dollar)

“Top 5 ADR Growth Rate Stocks” (31st)

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

7259 (ASEKY) Aisin Seiki 39.18 6163 324 5.55

7532 (DQJCY) Pampasi HD 26.01 4092 55 1.36

6762 (TTDKY) TDK 50.50 7944 93 1.18

7201 (NSANY) Nissan 7.18 565 6.6 1.18

5108 (BRDCY) Bridgestone 21.98 6915 75 1.10

“Top 5 ADR depreciation rate stocks” (31st)

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

8750 (DLICY) Dai-ichi Life HD 24.00 3775 -432 -10.27

7182 (JPPTY) Japan Post Bank 8.90 1400 -153 -9.85

5020 (JXHLY) ENEOS 9.38 738 -72.4 -8.93

6178 (JPPY) Japan Post 9.00 1416 -99 -6.53

2801 (KIKOY) Kikkoman 21.90 1723 -96 -5.28

“US Stock Market Overview” (31st)

NYDOW

Closing price: 38686.32 compared to the previous day: +574.84

Opening Price: 38140.26 High Price: 38719.43 Low Price: 38092.27

Year-to-date high: 40003.59 year-to-date low: 37266.67

Previous year high: 37710.10 Previous year low price: 31819.14

Nasdaq

Closing price: 16735.02 YoY: -2.064

Opening Price: 16771.90 High Price: 16789.27 Low Price: 16445.54

Year-to-date high: 17019.88 year-to-date low: 14510.30

Previous year high: 15099.18 Previous year low price: 10305.24

S&P 500

Closing price: 5277.51 compared to the previous day: +42.03

Opening Price: 5243.21 High Price: 5280.33 Low Price: 5191.68

Year-to-date high: 5321.41 year-to-date low: 4688.68

Previous year high: 4783.35 Previous year low price: 3808.10

US 30-year government bonds 4.65% US 10-year government bonds 4.5%

The US stock market is mixed. The Dow average closed at 38,686.32 dollars, up 574.84 dollars, and the NASDAQ fell 2.06 points to 16,735.02.

Since the April core PCE price index was as expected, it was bought in anticipation of interest rate cuts by the end of the year, and after being close, it rose. The Dow remained strong throughout the day, and adjustments at the end of the month, index replacements, etc. had an impact, and the range of gains expanded at the end of the game. Meanwhile, the NASDAQ was pushed by profit-taking sales in the semiconductor sector and turned to a major decline, then the decline narrowed, and ended in a mixed situation. By sector, while energy and telecommunications services rose, semiconductors and manufacturing equipment declined.

As for the casual clothing retail gap (GPS), earnings per share in the first quarter financial results exceeded expectations, and the increase in earnings forecasts for the full year was well received, and it rose. Caesars Entertainment (CZR), which operates the casino, rose when it became clear that Mr. Icahn, a famous investor, acquired a large amount of the company's shares. The fact that VF Co-op (VFC), which operates apparel brands such as VANS (VANS), North Face, and Timberland, adopted the former Chief Product Officer (CPO) of Yoga Apparel and Lululemon as the world brand president of the Vans (Vans) brand, which had continued to be sluggish, was well received, and it rose. Beer manufacturer Boston Beer (SAM) rose after receiving reports that Suntory, which operates Jinbeam, is proceeding with discussions in the direction of acquiring the company.

The details of the quarterly financial results of Costco Wholesale (COST), a membership-based warehouse wholesale/retail company, exceeded expectations, but they were disgusted by the fact that membership fees were left unchanged, and they were sold. The software solution company Snowflake (SNOW) reported a large-scale data breach, and the impact on customers was also warned, and it was sold. Computer manufacturer Dell Technologies (DELL) had quarterly financial results, and sales of artificial intelligence (AI) servers were poor, and sales were poor.

The software manufacturer Autodesk (ADSK) announced financial results after the transaction ended, the details exceeded expectations, and it was bought in an overtime transaction.

(Horiko Capital Management LLC)