Tokyo Market Summary: The Nikkei Average fell sharply, I'm interested in corporate financial results, US economic indicators, etc.

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●The Nikkei Average ended at 30601.78 yen, 668.14 yen lower than the previous business day
● Year-to-date low updates where excessive exchange rate fluctuations are undesirable - Deputy Chief Cabinet Secretary
● Long-term interest rates rise to 0.885% = high level for the first time in 10 years and 3 months
● Denso invests 500 billion yen in semiconductors and makes stable procurement compatible with electrification
● SoftBank G is drastically depreciating, and it looks like they are attacking and defending against the 6000 yen mark due to weak US high-tech stocks and headwinds
● Takeda revises operating profit of 124 billion yen downward and losses due to new drugs under development
● Attention to the handle: $Denso(6902.JP)$、 $Takeda Pharmaceutical(4502.JP)$、 $Toyota Motor(7203.JP)$、 $SoftBank Group(9984.JP)$etc
ー Moo Moo News Japanese stock Evelyn

Market Overview
The Nikkei Stock Average ended at 30601.78 yen, 668.14 yen lower than the previous business day, and the TSE stock price index (TOPIX) fell 30.15 points at 2224.25 in the Tokyo stock market today.

Top news
Year-to-date low update where excessive exchange rate fluctuations are undesirable - Deputy Chief Cabinet Secretary
On the 26th, Deputy Chief Cabinet Secretary Murai Hideki responded to the fact that yen had updated a year-to-date low against the dollar, stating that “excessive fluctuations in exchange rates are not desirable,” and then fought back the market when the government took all possible measures. I spoke at the regular press conference on the morning of the same day.

Long-term interest rate rises to 0.885% = high level for the first time in 10 years and 3 months
In the Tokyo bond market on the 26th, the circulation yield of newly issued 10-year government bonds (372nd bond), which is an indicator of long-term interest rates, rose to 0.885% (bond prices fell). High level for the first time in about 10 years and 3 months since 2013/7.

Notable stocks
Takeda revises operating profit of 124 billion yen downward and losses due to new drugs under development
$Takeda Pharmaceutical(4502.JP)$It was announced on the 26th that consolidated operating profit (international accounting standards) for the fiscal year ending 2024/3 is expected to be 225 billion yen, down 54% from the previous fiscal year. It will be revised 124 billion yen downward from the previous forecast (349 billion yen, down 29% from the same period). Results anticipated in clinical trials (clinical trials) were not obtained for the treatment of anal diseases “alloficel,” which was being developed, and the lung cancer treatment drug “Excivity,” were not obtained, and impairment losses were recorded.

Denso invests 500 billion yen in semiconductors and makes stable procurement compatible with electrification
$Denso(6902.JP)$President Hayashi Shinnosuke revealed on the 26th at the “Japan Mobility Show 2023” being held at Tokyo Big Sight (Tokyo/Koto) that he will invest approximately 500 billion yen in the semiconductor field by 2030. It applies to research and development, capital investment, and M&A (mergers and acquisitions).

Toyota President Says Electric Vehicles Are One Option - “EV First” Statement Explained
$Toyota Motor(7203.JP)$On the 26th, President Sato Tsuneharu of electric vehicles (EVs) is only one option for decarbonization, and expressed an attitude of adhering to the omnidirectional strategy so far. I explained my statement “EV first” at the press conference in February this year before taking office as president.

SoftBank G is drastically depreciating, and it looks like they are attacking and defending against the 6000 yen level, which is the biggest hit due to weak US high-tech stocks and headwinds
$SoftBank Group(9984.JP)$was drastically reduced for the first time in 3 days. It's a battle and defense that revolves around the 6000 yen mark. In the US stock market the day before, the Nasdaq Composite Stock Price Index fell by 2.4% due to a drop of more than 300 points, and it fell below 13,000 points again, which is the stock price.

M3 - New Low Housing Index Strong, US Long-term Interest Rates Rise Again, NASDAQ Lowers 2.4%
$M3(2413.JP)$is a new low. In response to the fact that long-term interest rates in the US have risen again, etc., sales have become dominant. In the US market on the 26th, in response to the fact that the number of new US homes sold in September exceeded market expectations, US 10-year bond yields rose to the 4.95% range from the view that financial tightening would be prolonged.

JR West Japan - President Backlash Sanyo Shinkansen Wagon Sales “Either Abolish” = Nikkei
$West Japan Railway(9021.JP)$There was a backlash. The electronic edition of the Nihon Keizai Shimbun reported at 14:00 on the 26th that the company's president Kazuaki Hasegawa expressed the view that it would be difficult to continue service in the future due to a shortage of employees and a decline in sales regarding wagon sales in the Sanyo Shinkansen “Nozomi” train.

Distributors: Bloomberg, Traders Web, Nihon Keizai Shimbun, MINKABU, Jiji Press