Start with the Nikkei Average rising by 65 yen, US interest rates settle down, buy semiconductor-related things

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Manufacturing profit reverses non-manufacturing industry for the first time in 15 years, yen depreciation and production recovery
The net profit of the manufacturing industry reversed the non-manufacturing industry for the first time in 15 years. The fiscal year ending 2023/4/9 was 11.642.5 billion yen, up 12% from the same period last year, surpassing the non-manufacturing industry (up 8% to 11.565.2 billion yen). The reversal in the same period has been since 2008.

Warning about the risk of rapid increase in government bond interest payments due to YCC flexibility - financial review submits proposal
On the 20th, the Financial System Council (advisory body for the finance minister) submitted proposals for 2024 budgeting to Finance Minister Suzuki Shunichi. Against the backdrop of rising interest rates associated with the flexibility of the Bank of Japan's yield curve control (long and short interest rate manipulation, YCC) policy, an alarm is sounding to prepare for the risk of rapid increase in interest payment costs on government bonds.

The yen is in the first half of the 148 yen range against the dollar, and has been in the high price range since early October, led by the depreciation of the dollar
The exchange rate of yen in the Tokyo Foreign Exchange Market on the morning of the 21st has been moving around the high since the beginning of October in overseas time, with 1 dollar = the first half of the 148 yen range. The appreciation of the yen progressed, led by depreciation of the dollar and adjustments in yen sales positions in response to a decline in long-term interest rates in the United States.

Sumitomo Mitsui - 4 days in a row, investment companies leased aircraft by over 500 billion yen and demand increased to 60 aircraft = Nikkei
$Sumitomo Mitsui Financial Group(8316.JP)$(FG) continued to grow for 4 days. The morning edition of the Nihon Keizai Shimbun dated 21st reported that SMBC Aviation Capital, which the company invests in, is the second-largest aircraft leasing company in the world, will acquire 60 medium-sized airliners.

Omron - High-speed inspection generation of semiconductors for AI in 30 seconds = Nikkei
$OMRON(6645.JP)$There is a sign that they will buy it. The morning edition of the Nihon Keizai Shimbun dated 21st reported that the company has developed a new product for semiconductor X-ray inspection devices. According to the article, it is compatible with “chiplets,” where chips are combined like blocks, and lamination where chips are stacked vertically, and it seems that inspections that currently take tens of minutes can be completed in about 30 seconds.

KDDI-Momiai subsidiary Soracom re-applies for listing
$KDDI(9433.JP)$they fight each other. The company announced on the 20th that its subsidiary Soracom re-applied for stock listing on the Tokyo Stock Exchange on the same day. Soracom announced the withdrawal of its listing application on 2/3, but listing procedures were resumed based on the economic environment and market trends.

Komatsu buys US battery company to electrify mining equipment
$Komatsu(6301.JP)$It was announced on the 20th that it will acquire American Battery Solutions (ABS, Michigan), a US battery manufacturer. All shares were acquired, and the acquisition amount was not disclosed. We will proceed with battery development for the electrification of mining machinery and construction machinery. Batteries are also sold externally to truck and bus manufacturers.

ー MooMoo News Evelyn
Distribution source: Nihon Keizai Shimbun, Traders Web, Bloomberg