Tokyo market summary: Nikkei average depreciation of 131 yen, global semiconductor-related stock “bubble” is over 60% QUICK survey

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Global semiconductor-related stock “bubble” is over 60% QUICK survey
According to the July stock monthly survey announced by QUICK on the 8th, responses “clearly bubble” (9%) and “feeling like a bubble” (53%) about the market capitalization expansion of semiconductor-related companies around the world reached 62% in total. It seems that they are increasing their vigilance due to overheating popularity. The “reasonable level” remained at 32%, and the “still cheap” remained at 6%. The survey was conducted on 7/2-4 targeting 198 people involved in the market, such as securities companies and investment trusts, etc., and responses were received from 136 people.

NISA yen sales exceeding trade deficits, 1 trillion yen per month due to the popularity of foreign stocks and investment trusts
The yen sale of household finances through mutual funds is growing. The overpurchase amount of overseas stocks and funds from January to June this year is 6.1 trillion yen, which is expected to exceed the trade deficit for the same period (around 4 trillion yen). Accumulated investments utilizing the new Small Investment Tax Exemption System (NISA), which began in January, are often long-term investments, and the flow of overseas investment money is not easily curtailed. There is a growing view that the yen depreciation pressure at the pace of 1 trillion yen per month will continue in the future.

Current account balance of 2 trillion849.9 billion yen surplus in May is the largest ever
The current account balance for May was a surplus of 2 trillion849.9 billion yen, which shows how much Japan has earned from foreign trade and investment, making it the largest ever for May. The main reason is that income from interest on bonds held by companies increased against the backdrop of rising overseas interest rates and depreciation of the yen.

Featured stocks
Kobayashi Pharmaceutical focuses on when to grasp the board of directors due to an expansion in the number of death investigations
$Kobayashi Pharmaceutical(4967.JP)$It was discovered in interviews with the company that Kobayashi Pharmaceutical shared information on death cases at the board of directors before reporting to the country due to health hazards caused by supplements containing red koji (koji) ingredients, and it was an issue where death cases suspected of being related were not reported to the country. Although the sharing period has not been clarified, it seems that Kobayashi Pharmaceutical's governance (corporate governance) issues will rekindle as criticism gathers due to delays in reporting.

Yaskawa Electric is weak, and final profit for the March-May fiscal year fell 21% due to prolonged inventory adjustments for semiconductor/electronic components
$YASKAWA Electric(6506.JP)$It's soft. The consolidated financial results for the first quarter (March-May) of the fiscal year ending February 25, which were announced after the end of trading on the 5th of the previous weekend were 132.48 billion yen, down 7.1% from the same period last year, and final profit of 9,199 million yen, down 21.1% from the same period last year. In addition to a drastic decline in profit, the progress rate of final profit against the full-year plan started sluggish at 17%, and it seems that they were disgusted.