The volume of orders received by ASML for the July-September fiscal year declined sharply → semiconductor-related stocks fell, confidence in Japanese automobile companies' financial results for the July-September fiscal year

Japanese stocks declined on October 19. “Japanese stocks depreciated in response to US stock depreciation.” Sales increased in semiconductor-related stocks, etc.

ASML, the world's largest semiconductor manufacturing equipment manufacturer in terms of total market value, announced financial results on the 18th. The volume of orders received for the July-September period was 2.6 billion euros. This is a 70% decrease compared to the same period last year, and a 42% decrease compared to the previous month. It is shown in chronological order.

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Changes in ASML order volume (100 million euros)
22 years
7-9 89
10-12 63

23 years
1-3 37 4-6 45
7-9 26
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In response to a drop in orders, ASML's stock price fell 4% in the US market. If the stock price of the manufacturer with the largest market capitalization falls in response to financial results announcements, it will have an impact on other semiconductor manufacturing equipment manufacturers. Lam Research (LRCX), which also announced financial results, fell 4% overtime. If this happens, semiconductor-related stocks will also be sold in the Tokyo market.

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The Ministry of Economy, Trade and Industry announced trade statistics for September on the 19th.

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Trade Statistics for September (YoY)
Exports 9 trillion 1981 billion yen (+ 4.3%)
Imports of 9.135.7 billion yen (-16.3%)
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Exports increased for the first time in 3 months. The quantity index was also +0.7%, an increase for the first time in 12 months. Since products produced at the cost of Japanese yen are exported overseas, the profits that Japanese companies can obtain from exports should be increasing. This data is important for looking at Japanese companies' financial results for the July-September fiscal year.

Let's take a look at export trends by product. The products whose exports are growing are described below.

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Automobiles 1,653.6 billion yen (+ 26.9%)
Construction and mining machinery 189.1 billion yen (+14.2%)
Cargo handling machinery: 61.4 billion yen (+5.6%)
Textile machinery 28 billion yen (+12.7%)
Heavy electric equipment: 142.4 billion yen (+14.2%)
Two-wheeled vehicles: 43.8 billion yen (+12.6%)
Aircraft classes 26.6 billion yen (+ 28.6%)
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The increase in exports of automobiles and construction equipment has been widely recognized. The increase in exports of heavy electric equipment is also attracting attention. In the American Association of Builders (NAHB) business report, there was a description that “shortage of substations is a bottleneck in housing construction.” There is a possibility that the increase in demand for substations etc. has led to an increase in exports of heavy electric equipment.

Radio NIKKEI commentator Kamata Shinichi

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