“Chicago Nikkei Average Futures (CME)” (22nd)

JUN24

O 38910 (in dollars)

H 38980

L 38470

C 38650 large margin +30 (evening ratio -120)

Vol 5143

JUN24

O 38895 (in yen)

H 38970

L 38460

C 38635 large margin +15 (evening ratio -135)

Vol 20707

“American Depositary Receipts Overview (ADR)” (22nd)

In the ADR market, AGC ＜5201＞, Kashima ＜1812＞, Sumitomo Electric ＜5802＞, Hishijisho ＜8802＞, Daiwa House ＜1925＞, Fujifilm ＜4901＞, Marubeni ＜8002＞, etc. fell in comparison with the Tokyo Stock Exchange (156.74 yen equivalent to 1 dollar), and generally had a slight sales advantage.

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

7203 (TM) TOYOTA 216.63 -2.73 3395 7

8306 (MUFG) Mitsubishi UFJ 9.91 -0.07 1553 -0.5

6758 (SONY) Sony G 81.26 -0.74 12737 -73

9432 (NTTYY) NTT 24.59 0.18 154 -0.5

9983 (FRCOY) Fast Retay 25.85 -0.61 40517 -163

8316 (SMFG) Sumitomo Mitsui 12.51 -0.14 9804 -19

8031 (MITSY) Mitsui 1047.75 -20.39 8211 -31

6954 (FANUY) FANUC 14.46 -0.14 4533 -17

9984 (SFTBY) SoftBank G 26.55 0.18 8323 -49

8001 (ITOCY) ITOCHU 92.77 -1.23 7270 -33

7974 (NTDOY) Nintendo 13.33 -0.11 8357 6

8766 (TKOMY) Tokio Marine HD 32.82 0.17 5144 0

7267 (HMC) Honda 33.08 -0.30 1728 0

6902 (DNZOY) Denso 16.27 -0.41 2550 -13

8411 (MFG) Mizuho FG 4.01 -0.07 3143 14

7741 (HOCPY) HOYA 117.39 -1.61 18400 65

6503 (MIELY) Mitsubishi Electric 35.11 -0.81 2752 -2

8002 (MARUY) Marubeni 193.92 -3.07 3040 -20

6723 (RNEcy) Renesas 8.65 -0.04 2712 11

8053 (SSUMY) Sumitomo Corporation 25.98 -0.76 4072 -15

5108 (BRDCY) Bridgestone 21.65 -0.37 6787 -41

6702 (FJTSY) Fujitsu 14.83 -0.07 2324 2.5

6301 (KMTUY) Komatsu 29.38 -0.59 4605 -8

4901 (FUJIY) FUJIFILM 10.86 -0.23 3404 -24

8591 (IX) oryx 107.43 -0.09 3368 -5

8802 (MITEY) Ryojisho 16.62 -0.54 2605 -20

2802 (AJINY) Ajinomoto 38.12 -0.68 5975 -7

8604 (NMR) Nomura HD 5.93 0.10 929 4.9

8267 (AONNY) ion 21.17 0.18 3318 -18

6762 (TTDKY) TDK 47.90 -0.20 7508 40

1925 (DWAHY) Yamato House 26.54 0.03 4160 -30

8309 (SUTNY) Mitsui Trust 4.61 -0.08 3613 27

7270 (FUJHY) SUBARU 10.62 -0.02 3329 -8

1928 (SKHSY) Sekisui House 22.77 -0.26 3569 -7

9735 (SOMLY) SECOM 15.81 0.01 9914 -41

7201 (NSANY) Nissan 7.05 -0.06 553 0.2

2503 (KNBWY) Kirin 14.14 -0.07 2216 20.5

4911 (SSDOY) Shiseido 30.68 -0.02 4809 26

5802 (SMTOY) Sumitomo Electric 14.98 -0.45 2348 -20

6988 (NDEKY) Nittoden 38.62 -0.48 12107 -28

7202 (ISUZY) ISUZU 12.68 -0.24 1987 -13

9202 (ALNPY) ANA 3.94 -0.02 3092 50

3407 (AHKSY) Asahi Kasei 13.38 -0.34 1049 2.5

1812 (KAJMY) Kashima 16.50 -0.46 2586 -72

7912 (DNPLY) Dainichi Seal 15.23 -0.09 4774 -16

6586 (MKTAY) Makita 30.12 -0.44 4721 -18

3402 (TRYIY) Toray 9.77 -0.23 766 -3.3

5201 (ASGLY) AGC 6.82 -0.11 5344 -175

6361 (EBCOY) Ebara 39.11 -1.52 12259 9

6645 (OMRNY) OMRON 33.62 -0.90 5270 16

(Top 50 by market capitalization, converted to 156.74 yen per dollar)

“Top 5 ADR Growth Rate Stocks” (22nd)

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

6952 (CSIOY) Casio 75.12 1177 25.5 2.21

9202 (ALNPY) ANA 3.94 3092 50 1.64

2503 (KNBWY) giraffe 14.14 2216 20.5 0.93

8309 (SUTNY) Mitsui Trust 4.61 3613 27 0.75

7012 (KWHIY) Kawashige 14.25 5585 39 0.70

“Top 5 ADR Decline Rate Stocks” (22nd)

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

6753 (SHCAY) sharp 1.42 890 -42.6 -4.57

5201 (ASGLY) AGC 6.82 5344 -175 -3.17

1812 (KAJMY) Kashima 16.50 2586 -72 -2.71

8252 (MAURY) Marui 29.35 2300 -40.5 -1.73

6976 (TYOYY) photovoltaic 81.30 3186 -54 -1.67

“US Stock Market Overview” (22nd)

NYDOW

Closing price: 39671.04 compared to previous day: -201.95

Opening Price: 39863.33 High Price: 39890.91 Low Price: 39559.09

Year-to-date high: 39807.37 year-to-date low: 37266.67

Previous year high: 37710.10 Previous year low price: 31819.14

Nasdaq

Closing price: 16801.54 compared to the previous day: -31.09

Opening Price: 16839.02 High Price: 16855.27 Low Price: 16712.09

Year-to-date high: 16442.20 year-to-date low: 14510.30

Previous year high: 15099.18 Previous year low price: 10305.24

S&P 500

Closing price: 5307.01 compared to the previous day: -14.40

Opening Price: 5319.28 High Price: 5323.18 Low Price: 5286.01

Year-to-date high: 5254.35 year-to-date low: 4688.68

Previous year high: 4783.35 Previous year low price: 3808.10

US 30-year government bonds 4.538% US 10-year government bonds 4.422%

The US stock market fell. The Dow average closed at 39,671.04 dollars, down 201.95 dollars, and the NASDAQ fell 31.09 points at 16,801.54.

Ahead of the Federal Open Market Committee (FOMC) agenda summary and semiconductor NVDA (NVDA) financial results announcements, wait-and-see signs intensified, and they came close with small movements. In the FOMC agenda summary for the previous session announced by the Federal Reserve (Fed), the attitude of maintaining policy interest rates at a high level over an even longer period of time was re-expressed, and it became clear that there were also participants who supported additional tightening if necessary, and sales were spurred by a retreat in interest rate cut expectations. The NASDAQ was pushed by profit-making sales from near record highs, but expectations for NVIDIA's financial results were strong, and the decline narrowed towards the end of the game and ended. By sector, telecommunications services rose slightly, while automobiles and auto parts declined.

The clothing retailer TJX (TJX) had a 1-share profit that exceeded expectations in the first quarter financial results, and the upward revision of the full-year forecast was well received and rose. Bio Moderna (MRNA) and pharmaceutical company Pfizer (PFE) were bought in anticipation of increased demand for vaccines due to reports of avian influenza infections to humans. Petco Health & Wellness (WOOF), a health and wellness company for pets, did not expand as much as expected in the first quarter financial results, and furthermore, the Chief Executive Officer (CEO) expressed an optimistic opinion that it was on a path of surplus conversion, and it was bought with a sense of security.

Target (TGT), a discount retail company, announced 4 consecutive quarters of decline in existing store sales in the 1st quarter financial results, and was sold with a sense of disappointment. Yoga apparel company Lulu Lemon (LULU) announced the resignation of the Chief Product Officer (CPO) and the reorganization of the product and brand team, and fell drastically due to a sense of alarm. The electric vehicle manufacturer Tesla (TSLA) fell when European sales in April fell to a low level for the first time in 15 months.

Semiconductor NVIDIA (NVDA) announced financial results for the first quarter after the transaction ended. Earnings per share, data center sales, and forecasts for the 2nd quarter exceeded expectations across the board, and stock splits and dividend increase plans to make 1 share 10 shares were announced, and it is rising due to overtime trading.

(Horiko Capital Management LLC)