Nikkei Average continues to decline, Kubota rebounds

Individual stocks
Kubota rebounds against DX over 50 billion yen by '24
$Kubota(6326.JP)$: Kubota rebounds. The morning edition of the Nihon Keizai Shimbun dated 3rd reported that the company will invest over 50 billion yen by 2024 and proceed with digital transformation (DX) of production management.

Automobile stocks such as Toyota and Honda are soft, and I'm disgusted by the progress of appreciation of the yen in the 134 yen range of 1 dollar =
$Toyota Motor(7203.JP)$ 、 $Honda Motor(7267.JP)$ : Automobile stocks such as Toyota Motor Corporation and Honda continue to search for lower prices. The movement of dollar sales is intensifying in the foreign exchange market, and currently the appreciation of the yen is progressing until the first half of the 1 dollar = 134 yen level. The automobile sector has a particularly high exchange rate sensitivity among export stocks, and is likely to be a negative factor in terms of earnings. The estimated exchange rate for both Toyota and Honda for the fiscal year ending March 23 is set at 1 dollar = 135 yen, and the actual situation has finally fallen below that level.