I would like to pay attention to the following 3 points in the pre-market transaction on the 25th.

■Individual response using financial results as clues

■Panasonic, 24/3 revised downward operating profit 360 billion yen ← 400 billion yen

■Notable materials from the front: Shimadzu Corporation expands sales of “analytical equipment for petrochemicals” in the Middle East and Africa, expands UAE base

■Individual response using financial results as clues

After the Japanese stock market on the 25th began ahead of sales, it seems that the market will develop where it is easy for a sense of tightness to intensify. In the US market on the 24th, the NY Dow depreciated by 42 dollars and the NASDAQ was 16 points higher. The financial results of Texas Instruments were well received, and buyback movements were seen in one corner of the semiconductor sector. After that, long-term interest rate increases based on the largest government bond bid ever carried out this week were feared. Chicago Nikkei 225 futures are 38185 yen, 255 yen lower than Osaka. The yen exchange rate is moving in the range of 155 yen to 20 yen per dollar.

It seems that sales will start ahead of time in the form of falling in favor of Chicago futures. Meta Platforms announced financial results for the first quarter after the transaction ended. Earnings per share exceeded expectations, but the outlook for the second quarter was disgusting, and it plummeted by over 15% due to overtime trading. It has been falling close to 8% in response to IBM's financial results, and it seems that it will be a burden on the high-tech sector. Since financial results announcements by major companies at home and abroad are in full swing, it is probably a place where the mood of looking to determine financial results is also likely to intensify.

There was also a scene where Nikkei 225 futures temporarily fell below 38,000 yen during the night session, but solidity at the 75-day line level was seen. Yesterday's Nikkei Stock Average broke through the 75-day line with an increase of over 900 yen. Today it seems like they are being pushed to take advantage, but if they seem to be aware of their steadfastness on the same line, it is likely that there will also be movements aimed at waiting for the push. We will have to wait for the results of the Bank of Japan's monetary policy meeting, but in the exchange market, it has entered the 1 dollar = 155 yen range, and it has exceeded the level seen as a borderline for intervention. Exchange intervention is expected, and in the phase where it is being sold, it seems that they will move towards a aggressive stance.

However, the financial results of Alphabet and Microsoft are about to be announced in the US on the 25th. Since it is a supply and demand situation where it is easy to be greatly affected by settlement of large tech stocks, it seems that it will be limited to short-term trading. While moving towards individual support using financial results as clues, large vacuum ＜6962＞, CCUC ＜9158＞, future ＜4722＞, FDK ＜6955＞, cherry blossom rubber ＜5189＞, natori ＜2922＞, high purity ＜4973＞, Bplatz ＜4381＞, trans G＜2342＞, avionics ＜6807＞, etc. are attracting attention in the financial results announced last night.

■Panasonic, 24/3 revised downward operating profit 360 billion yen ← 400 billion yen

Panasonic (6752) announced revisions to its earnings forecast for the fiscal year ending 2024/3. Sales were revised upward from 8.4 trillion yen to 8.5 trillion yen due to the fact that the exchange rate of yen remained weaker than expected, etc. Meanwhile, operating income has been revised downward from 400 billion yen to 360 billion yen. This is because there were provisions relating to handling defective manufacturing products in the past in Energy's automotive battery business, and goodwill impairment losses (approximately 10 billion yen) related to some automotive businesses were recorded as other profits and losses, and there was a deterioration in equity method profit and loss, and an increase in structural reform costs.

■Notable materials from the front

・The Nikkei Average rose (38460.08, +907.92)

・The Nasdaq Composite Index rose (15712.75, +16.11)

・1 dollar = 155.30-40 yen

・The SOX index rose (4526.20, +47.40)

・Expectations that US inflation will calm down

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

・Shimadzu Corporation ＜7701＞ Expands sales of “petrochemical analyzers” in the Middle East and Africa and expands UAE base

・Nidec ＜6594＞ aims for large-scale M&A, Mr. Nagamori “1 trillion yen scale is also possible”

・Excel ＜6810＞ AI predicts retirement risks, responds appropriately to malfunctions, etc.

・Japan Airlines ＜9201＞ to 300 billion yen EBIT, President Tottori “becomes a company where young people can take on challenges”

・Hitachi ＜6501＞Hitachi Energy invests 230 billion yen to increase transformer production and new plant in Scandinavia

・Asahi Kasei ＜3407＞New lithium battery separator plant in Canada

・IHI＜7013＞IHI engine, fuel consumption rate data falsification, marine/land engine

・Mitsui & Co. ＜8031＞ enters cyber countermeasures in the US, invests in local companies, targets Japanese companies

・Denka ＜4061＞Partnering with Mitsubishi Corporation for solar cell carbon materials to improve quality and promote mass production

・Mitsubishi Electric ＜6503＞FA related offensive, showroom renovation, curved linear transport equipment introduced

・Nippon Signal ＜6741＞ Sojitz also received an order for the second phase of the Indonesian railway business

・Invested in the JGC HD ＜1963＞ English Fund to strengthen proposals for decarbonization technology

・Nabtesco (6268) technological innovation base in the US

・Panasonic HD ＜6752＞ Cycle Tech recalls and collects 140,000 electric bicycle battery packs

・NEC ＜6701＞ invests in Space Development and promotes collaboration through an English fund

・Sumitomo Chemical ＜4005＞Development for medical devices, super engineering proposals

・Osaka Gas ＜9532＞ Joint studies with SK Korea on decarbonization, utilization of e-methane, etc.

・Co-creation innovation base at Zeon (4205) Kawasaki Plant in Japan to expand lithium battery materials

・Sumitomo Rubber ＜5110＞ development agreement with Toray for a wheelchair portable ramp, lightweight and highly durable next-generation model

・Sumitomo Chemical ＜4005＞Semiconductor chemical plant and material research and development base are also newly established in Korea

・Mitsubishi Chemical G ＜4188＞ Creation of added value through concrete measures, petrochemical, and decarbonization for growth

・OEM production contract with Toda Corporation ＜1860＞ shelter, with wooden fireproof components

☆ Front office event schedule

＜Domestic＞

・Nothing in particular

＜Overseas＞

・Nothing in particular