I would like to pay attention to the following 3 points in the 8-day advance transaction.

■Pay attention to Toyota's financial results

■Nintendo's 24/3 operating profit up 4.9% to 528.9 billion yen, 25/3 forecast down 24.4% to 400 billion yen

■Notable materials at the front desk: Toyo Kanetsu and Taisei Corporation supply transport robots, raw materials and workpieces to the factory ceiling space

■Pay attention to Toyota's financial results

The Japanese stock market on the 8th is likely to have such a strong sense of market development. In the US market on the 7th, the NY Dow was 31 dollars higher and the NASDAQ was 16 points lower. Purchases from expectations of interest rate cuts in the latter half of the year by the US Federal Reserve (Fed) continued, and remained steady due to a decline in long-term US interest rates and expectations for corporate settlement. However, since President Kashkari of the Minneapolis Federal Reserve mentioned the possibility that policy interest rates were not sufficiently suppressing the economy in controlling inflation, and showed an attitude of not ruling out interest rate hikes, concerns about interest rate hikes were rekindled and became a burden on the market. Chicago Nikkei 225 futures are 38715 yen, 165 yen lower than Osaka. The yen exchange rate is hovering at 154 yen 70 yen per dollar.

It seems that sales will start slightly ahead of schedule in the form of falling in favor of Chicago futures. Nikkei 225 futures were bought up to 38910 yen at one point, but the upper price was heavy, and the trend continued in the negative zone thereafter. It's a transition across the 25th line, and it's probably a place where strong and weak feelings tend to clash on the same line. Yesterday's Nikkei Average broke through the 25th line with an increase of nearly 600 yen, but at the same level, it is easy to get into profit. Also, since financial results of major companies reach their peak, it is easy for individual searches using financial results as clues to take center stage.

Settlements for Yusen ＜9101＞, ITOCHU ＜8001＞, Mitsubishi Heavy Industries ＜7011＞, and Toyota ＜7203＞ are scheduled at Zara today. In particular, it seems that investors are interested in Toyota's financial results due to the depreciation trend of the yen, and it seems that they will be aware of the spread to group companies and export-related matters. In the US market on the 7th, a corner of semiconductor stocks such as NVIDIA was being pushed to profit, and there were times when it was difficult to handle high-tech stocks, so it seems that they will move towards Toyota's financial results expectations even more.

While the Nikkei Average is expected to attack and defend on the 25th line, in a phase where the weight of the upper price on the same line is conscious, it is likely that short-term sales gimmicks led by futures will occur. However, the movement to actively tilt positions amidst peak financial results is limited, so the stance is to wait and see. Additionally, when financial results were announced last night, trends around Yamazaki ＜6147＞, Hidehide ＜4678＞, Hirose Den＜6806＞, Prima Ham ＜2281＞, Hosomicron ＜6277＞, Takamatsu G ＜1762＞, MTI ＜9438＞, Yokogawa Electric ＜6841＞, OKI ＜6703＞, Harmonic ＜6324＞, and Maruha Nichiro ＜1333＞ are attracting attention.

■Nintendo's 24/3 operating profit up 4.9% to 528.9 billion yen, 25/3 forecast down 24.4% to 400 billion yen

The financial results for the fiscal year ending 2024/3 announced by Nintendo ＜7974＞ were sales of 1.671,865 billion yen, up 4.4% from the previous fiscal year, and operating profit of 528.941 billion yen, up 4.9% from the same period. As for the financial results for the fiscal year ending 2025/3, we plan that sales will decrease 19.3% from the previous fiscal year to 1.35 trillion yen, and operating profit will decrease 24.4% to 400 billion yen. Sales related to the main engine “Nintendo Switch,” which has reached its 8th year of sale, will slow down. It falls below consensus (about 490 billion yen).

■Notable materials from the front

・The Nikkei Average rose (38835.10, +599.03)

・The NY Dow rose (38884.26, +31.99)

・1 dollar = 154.70-80 yen

・The VIX Index declined (13.23, -0.26)

・Long-term US interest rates have declined

・Expectations that US inflation will calm down

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

・Toyo Kanetsu ＜6369＞Taisei Corporation supplies transport robots, raw materials, and workpieces to the factory ceiling space

・Maxell (6810) increases production of coin-shaped batteries for medical devices, invests 2 billion yen

・Omron ＜6645＞15 companies, including Intel, automate semiconductor post-processing and form a new organization for technology development

・ShinMaywa Industries ＜7224＞ new mid-term budget, sales for fiscal year 26 of 320 billion yen, expansion of specially equipped vehicles and aircraft

・Mitsubishi Heavy Industries ＜7011＞JAL developed lightning avoidance and high-precision prediction technology during flight

・Ricoh ＜7752＞ 10 billion yen for structural reforms, mobility costs for overseas human resources, etc.

・Choshimaru ＜3075＞ Royal HD opens a store with Sojitz on the west coast of the United States and establishes a joint investment company

・JTEKT ＜6473＞ develops high-pressure hydrogen pressure reducing valves for hydrogen engine vehicles

・Toyota's own ＜7203＞ Aichi Prefecture, matching and business meeting with the Toyota Group, small to medium gathering in October

・Yokogawa Electric ＜6841＞ new mid-term plan, 100 billion yen in 3 years of growth investment, M&A/DX human resources secured

・Yokogawa Electric ＜6841＞ had the highest sales volume etc. for the previous 3 months, procurement improvement/gross margin increase

・MinebeaMitsumi ＜6479＞Mitsumi Electric expands protection ICs for terminal batteries, detects temperature and controls charging

・East Eledeva ＜2760＞ new mid-term total, sales of 350 billion yen in fiscal year 29, continued investment in manufacturing

・Sanken Electric ＜6707＞ mass production of ICs for large power, reduced number of parts due to package integration

・Steel tower usage agreement with JTOWER ＜4485＞ Metroweather

・Kashima ＜1812＞Utilizing construction technology for space development

・AGC ＜5201＞ Thai Group production will end by the end of the year

☆ Front office event schedule

＜Domestic＞

・Nothing in particular

＜Overseas＞

・Nothing in particular