Tokyo Market Summary: Nikkei Average Falls for the First Time in 3 Days, Trading Company Stocks That Mr. Buffett Loves Will Increase Their Undervaluation Due to the Japanese Stock Crash -- Has an Investment Opportunity Arrived

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The Nikkei Average continues to fluctuate and the market is wary of the “Bank of Japan risk” that will not go away
The decline in the Nikkei Stock Average exceeded 800 yen at one point. The “main opinions” were announced at the monetary policy meeting held by the Bank of Japan from July 30 to 31. The “hawk faction” color was once revised by Vice President Uchida Shinichi's remarks on the 7th, but in the main opinion, there was also a statement that “gradual interest rate increases are necessary.” Is the Bank of Japan hawk or pigeon? Confusion and expectations are mixed in the market.
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Interest rate hikes “in a timely and gradual manner” = main opinions of the Bank of Japan July meeting

Trading company stocks that Mr. Buffett loves will increase their undervaluation due to the Japanese stock crash - has an investment opportunity arrived
The valuation of Japan's five major trading company stocks, which the famous American investor Warren Buffett invests in, dropped drastically due to the effects of the record Japanese stock crash, and it is an opportunity for him, who suggested a further increase in the holding ratio, to buy more. Representative Director Bito Mineo of Bito Financial Services said about the current state of trading company stocks, “Now it's in a range where they can be bought at a bargain price.” $Marubeni (8002.JP)$with $Mitsui (8031.JP)$It depreciated 31% in the 3 business days after the 1st when Japanese stocks crashed, falling the most among the five major trading company stocks, and greatly underperformed the 20% depreciation of the Tokyo Stock Price Index (TOPIX).

Crypto assets rise again - I like the US court's decision on Ripple
Major crypto assets (virtual currency) rose due to trading on the 8th Asian time. Ripple Labs, which issues XRP (Ripple), was ordered by a US federal district court judge to pay 125 million dollars (about 18 billion yen) in sanctions, but the company accepted this result as a victory against the US Securities and Exchange Commission (SEC).

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Nitori HD is significantly higher, and import costs rose due to depreciation of yen, and sales and profits increased in the April-June period
$Nitori Holdings (9843.JP)$is significantly higher. In the consolidated financial results for the fiscal year ending April to 6, which were announced after the end of trading on the 7th, sales were 232.8 billion19 million yen, up 6.6% from the same period last year, and operating profit was 34.4 billion88 million yen, up 4.6% from the same period last year. Various measures, such as store openings and campaigns, have been successful. Although there was an increase in labor costs due to recruitment activities and wage revisions, and an increase in import costs due to the depreciation of the yen, it was absorbed by the effects of an increase in sales. Good financial results have been well received and are being bought.
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Japanese stocks, and domestic demand, which is slowly expanding, buys NITORI have risen drastically
Nitori HD Chairman “The long-awaited appreciation of the yen will advance to the latter half of the 130 yen range”

Kobayashi Pharmaceutical withdraws from red yeast business
$Kobayashi Pharmaceutical (4967.JP)$It became known on the 8th that it will withdraw from the red yeast business.

Lasertech is temporarily high, and the 25/6 consecutive year high profit and 288 yen distribution plan is viewed as a surprise
$Lasertec (6920.JP)$There was a scene where it was bought for 0.02 million7170 yen, which is 5,000 yen higher than the previous business day, when it became a high stop level. After the transaction ended on the 7th, earnings forecasts for the fiscal year ending 25/6 were disclosed in line with the announcement of consolidated financial results for the fiscal year ending 24/6. Sales for the current fiscal year are expected to be 240 billion yen, up 12.4% from the previous fiscal year, and final profit is expected to increase 25.3% to 74 billion yen. It is expected to hit record highs following the previous fiscal year. Also, after increasing the dividend for the previous fiscal year by 39 yen, the annual dividend forecast for the current fiscal year was set at 288 yen, an increase of 58 yen compared to the previous fiscal year. Buyers looking at plans to drastically increase profits and dividends as a surprise are gathering.

WIT prices rise due to INPEX, high petroleum resources, and a decrease in US crude oil inventories ◇
$Inpex (1605.JP)$Ya $Japan Petroleum Exploration (1662.JP)$It's expensive. The US crude oil futures exchange rate on the 7th rose to 75.23 dollars per barrel, 2.03 dollars higher than the previous day for the September term of WTI (West Texas Intermediate). Crude oil inventories declined more than expected according to oil inventory statistics announced by the U.S. Energy Information Administration (EIA) on the same day, and there was awareness of tight supply and demand. Also, the heightened tension between Israel and Iran, and a growing sense of anxiety about the situation in the Middle East is also a factor boosting crude oil prices.