Nikkei average continues to decline at the start, with the strong yen weighing and automobile stocks selling off. U.S. fund "Fortress" makes a bid for Yokado acquisition.

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Summary of the US foreign exchange market: Concerns about Trump's tariffs temporarily softened the yen to 152.99.
On the 26th, the dollar-yen exchange rate in the New York foreign exchange market closed at around 153.08 yen per dollar, down about 1.15 yen from the previous day. The euro was around 160.58 yen per euro, down about 1.30 yen against the yen. Due to the intention of the future US President Trump to strengthen tariffs on Mexico, Canada, and China, there was a risk-averse dollar selling and yen buying as it may have a negative impact on the global economy. The dollar-yen exchange rate temporarily softened to 152.99 yen, then stabilized after a slight drop, but the limited rebound due to euro selling and yen buying also affected yen buying against the dollar.
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Today's outlook: The wait-and-see mood is somewhat heavy.

From Semiconductors to Software, Mixed Outlook due to Tariff Risks.
In the high-tech sector, there has been a significant shift in trends over the past month. Diminishing popularity of semiconductors is being replaced by a spotlight on software. Concerns over overpriced valuations in the US and the risk of a trade war under the upcoming Trump administration have reportedly led to an outflow of money from semiconductor stocks. It is reported that software stocks are riding an updraft fueled by artificial intelligence (AI).

Nintendo Co Ltd - Rises for the 3rd Day, Reportedly Ending Switch's Online Service in China by 2026.
$Nintendo (7974.JP)$Vroom rose for the third day. Bloomberg reported on the 26th that the company will discontinue the online service for its home game console 'Switch' in China by 2026. According to the article, this was apparently revealed on Tencent Holdings' app 'WeChat'. The company plans to stop selling games and software online starting March 31, 2026, and will end service downloads in May of the same year.

Seven & i Holdings continues to rise. There are reports that the US fund 'Fortress' has shown interest in acquiring Yokado.
$Seven & i Holdings (3382.JP)$continues to rise. On the 26th, TV Tokyo reported that Fortress Investment Group, a US fund, is considering acquiring the company that oversees Ito Yokado, one of its subsidiaries.

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Sumitomo Corporation in a stalemate. It is reported by Nikkei that they are considering acquiring the supermarket overseeing company under Seven's umbrella.

Toyota shows selling pressure. It is reported that the company is adjusting the production start time of the next-generation electric vehicle (EV) towards postponement. The progress of a strong yen is also causing dissatisfaction.
$Toyota Motor (7203.JP)$Selling pressure. The morning edition of the Nikkei newspaper dated the 26th reported that the company is adjusting to delay the start of production of next-generation electric vehicles (EVs).

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Mazda Motor Corp significantly down due to the progress of a strong yen. Automobile stocks are low.

OLC rebounds, with a max of 18 million shares of share buyback outside of the market, accounting for 1.09%
$Oriental Land (4661.JP)$Rises. The company announced on the 26th that it will conduct a buyback of up to 18 million shares and 75.2 billion 60 million yen through off-hours trading (ToSTNeT-3).

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Keisei Electric Railway - Buy orders responding to OLC's off-hours share buyback, up to a maximum of 61.8 billion yen