“Chicago Nikkei Average Futures (CME)” (25th)

JUN24

O 38025 (in dollars)

H 38080

L 37165

C 37695 large margin +85 (evening ratio -125)

Vol 9401

JUN24

O 37995 (in yen)

H 38040

L 37130

C 37665 large margin +55 (evening ratio -155)

Vol 35206

“American Depositary Receipts Overview (ADR)” (25th)

In the ADR market, Komatsu ＜6301＞, AGC ＜5201＞, Isuzu ＜7202＞, ANA ＜9202＞, Hishijisho ＜8802＞, Sumitomo Electric ＜5802＞, SECOM ＜9735＞, etc. fell in comparison with the Tokyo Stock Exchange (155.58 yen equivalent to 1 dollar), etc., and general sales dominance.

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

7203 (TM) TOYOTA 225.36 -7.52 3506 9

8306 (MUFG) Mitsubishi UFJ 10.06 -0.01 1565 13.5

6758 (SONY) Sony G 82.44 -0.27 12826 66

9432 (NTTYY) NTT 27.16 -0.21 169 -0.4

9983 (FRCOY) Fast Retay 26.63 -0.80 41431 -109

8316 (SMFG) Sumitomo Mitsui 11.38 0.00 8853 57

9984 (SFTBY) SoftBank G 24.55 -0.34 7639 36

6954 (FANUY) FANUC 14.32 0.28 4456 1

8031 (MITSY) Mitsui Mono 950.65 -17.58 7395 13

8001 (ITOCY) Itochu 88.56 0.43 6889 -20

7974 (NTDOY) Nintendo 11.89 -0.15 7399 -7

8766 (TKOMY) Tokio Marine HD 30.87 -0.66 4803 -4

7267 (HMC) Honda 33.65 -0.76 1745 -1

6902 (DNZOY) Denso 17.89 -0.34 2783 -3.5

8411 (MFG) Mizuho FG 3.89 -0.02 3026 28

7741 (HOCPY) HOYA 117.49 -1.80 18279 -26

6503 (MIELY) Mitsubishi Electric 30.67 -1.13 2386 -11

6702 (FJTSY) Fujitsu 16.57 0.42 2578 95.5

5108 (BRDCY) Bridgestone 21.50 -0.13 6690 -21

6723 (RNECY) Renesas 8.25 0.24 2567 33

8053 (SSUMY) Sumitomo Corporation 24.72 -0.42 3846 -11

8002 (MARUY) Marubeni 172.90 -0.25 2690 19.5

6301 (KMTUY) Komatsu 27.36 -1.85 4257 -80

4901 (FUJIY) FUJIFILM 10.64 -0.23 3311 -12

8591 (IX) oryx 102.49 -1.77 3189 8

8802 (MITEY) Ryojisho 17.61 -0.43 2740 -18.5

2802 (AJINY) Ajinomoto 36.42 0.00 5666 -20

8267 (AONNY) AEON 21.05 -0.26 3275 -17

8604 (NMR) Nomura HD 5.81 -0.10 904 3.8

1925 (DWAHY) Yamato House 27.41 -0.46 4264 -19

6762 (TTDKY) TDK 46.47 -0.54 7230 14

9735 (SOMLY) SECOM 17.64 -0.18 10978 -57

7270 (FUJHY) SUBARU 10.49 -0.28 3264 -12

1928 (SKHSY) Sekisui House 23.19 -0.02 3608 10

8309 (SUTNY) Mitsui Trust 4.24 0.03 3298 47

7201 (NSANY) Nissan 7.02 -0.09 546 -0.7

2503 (KNBWY) giraffe 14.65 0.05 2279 7

6988 (NDEKY) Nittoden 44.70 -0.73 13909 -11

5802 (SMTOY) Sumitomo Electric 15.22 -0.24 2367 -13

4911 (SSDOY) Shiseido 27.08 -0.25 4213 -4

3407 (AHKSY) Asahi Kasei 13.67 -0.06 1063 -5

9202 (ALNPY) ANA 3.86 -0.15 3003 -29

7202 (ISUZY) ISUZU 12.34 -0.15 1920 -19.5

7912 (DNPLY) Dainichi Seal 14.44 -0.06 4493 0

5201 (ASGLY) AGC 7.26 -0.12 5646 -78

6361 (EBCOY) Ebara 40.77 -0.88 12685 50

6586 (MKTAY) Makita 26.76 -0.06 4163 2

3402 (TRYIY) Toray 8.94 -0.23 695 -3.6

4704 (TMIC) trend 49.83 -1.57 7753 -16

6645 (OMRNY) Omron 33.60 -0.36 5227 -2

(Top 50 by market capitalization, converted to 155.58 yen per dollar)

“Top 5 ADR Growth Rate Stocks” (25th)

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

6702 (FJTSY) Fujitsu 16.57 2578 95.5 3.85

8309 (SUTNY) Mitsui Trust 4.24 3298 47 1.45

7731 (NINOY) Nikon 10.70 1665 23.5 1.43

6471 (NPSKY) Nissei 11.27 877 12.3 1.42

6723 (RNECY) Renesas 8.25 2567 33 1.30

“Top 5 ADR Decline Rate Stocks” (25th)

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

6753 (SHCAY) sharp 1.29 803 -17 -2.07

6301 (KMTUY) Komatsu 27.36 4257 -80 -1.84

5201 (ASGLY) AGC 7.26 5646 -78 -1.36

7202 (ISUZY) ISUZU 12.34 1920 -19.5 -1.01

9202 (ALNPY) ANA 3.86 3003 -29 -0.96

“US Stock Market Overview” (25th)

NYDOW

Closing price: 38085.80 YoY: -375.12

Opening Price: 38052.09 High Price: 38157.22 Low Price: 37754.38

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: 15611.76 YoY: -100.99

Opening Price: 15375.26 High Price: 15644.51 Low Price: 15343.91

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: 5048.42 compared to the previous day: -23.21

Opening Price: 5019.88 High Price: 5057.75 Low Price: 4990.58

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 4.812% US 10-year government bonds 4.704%

The US stock market declined. The Dow average closed at 38,085.80 dollars, which depreciated 375.12 dollars, and the Nasdaq closed at 15,611.76, which fell 100.99 points.

It fell after falling close to sales that were concerned about a slowdown in growth due to a slowdown in gross domestic product (GDP) growth for the January-March fiscal year. At the same time, since growth in the price index for the same quarter accelerated more than expected, sales that were disgusted by long-term interest rate increases also strengthened. In high tech, sales that received meta's settlement also became heavy, and the Dow continued to decline as Caterpillar's decline pushed down. There was a soft trend throughout the day, but at the end of the day, the decline narrowed until the end of the game, supported by purchases expecting financial results from major companies, and ended. By sector, real estate management/development, and automobiles/auto parts rose, while media and entertainment declined.

The profit per share of Royal Caribbean (RCL), which operates cruise ships, exceeded expectations in the first quarter financial results, raised its full-year outlook in response to strong demand, and rose. Automobile manufacturer Ford (F) also saw strong sales of commercial trucks in the first quarter financial results, and sales and profits exceeded expectations, and rose. The railway company Union Pacific (UNP) succeeded in cost reduction in the first quarter financial results, and earnings per share exceeded expectations, and rose.

Sales of Meta Platforms (META), which operates the social media Facebook (FB), were wary of the expansion of AI (artificial intelligence) related costs accelerated in the first quarter financial results. Heavy equipment manufacturer Caterpillar (CAT) showed a pessimistic outlook when machine sales declined compared to the same period last year in the first quarter financial results, and signs of sluggish sales continued in the second quarter, and declined. Low-cost airline Southwest (LUV) declined as the loss of 1 share after adjustments to the first quarter financial results widened more than expected.

Software manufacturer Microsoft (MSFT) announced quarterly results after the transaction ended. Sales have exceeded expectations, and they are being bought in overtime transactions. Alphabet (GOOG), which operates the search company Google, has announced plans to begin additional stock repurchases and cash dividends in addition to quarterly cloud revenue exceeding the previous year's previous year, and is being bought.

(Horiko Capital Management LLC)