“Chicago Nikkei Average Futures (CME)” (9th)

SEP24

O 35775 (in dollars)

H 36025

L 34525

C 35350 large exchange ratio +300 (evening ratio +50)

Vol 18286

SEP24

O 35730 (in yen)

H 35915

L 34420

C 35275 large margin +225 (evening ratio -25)

Vol 28115

“American Depositary Receipts Overview (ADR)” (9th)

In the ADR market, Japan Post Bank (7182), Toyota Industries (6201), Toyota Industries (6201), Nidec (6594), Murata Manufacturing (6981), etc. rose in comparison with the Tokyo Stock Exchange (146.68 yen equivalent to 1 dollar), while Japan Post Bank (7182), Toyota Industries (6201), and Murata Manufacturing (6981)) rose, etc.

Code stock name closing price compared to previous day Japanese yen conversion price Japanese closing price ratio

7203 (TM.N) Toyota Motor Corporation 168.59 -0.78 2473 25.5

8306 (MUFG.N) Mitsubishi UFJFG 9.60 0.04 1408 -2.5

8035 (TOELY) Tokyo Elec 88.91 -9.39 26083 273

6758 (SONY.N) Sony 84.40 -0.03 12380 55

9432 (NTTYY) NTT 24.88 -0.10 146 0.3

8058 (MTSUY) Mitsubishi Corporation 19.25 0.15 2824 32.5

6501 (HTHIY) Hitachi 44.48 1.09 3262 9

9983 (FRCOY) Fast Lite 27.18 -0.36 39868 228

9984 (SFTBY) SoftBank G 25.93 0.21 7607 19

4063 (SHECY) Shin-Etsu Chemical 20.46 -0.10 6002 55

8001 (ITOCY) ITOCHU Corporation 91.66 4.17 6722 -8

8316 (SMFG.N) Sumitomo Mitsui FG 12.20 0.32 8947 -21

8031 (MITSY) Mitsui & Co. 391.58 4.49 2872 20

6098 (RCRUY) Recruit HD 11.29 0.01 8280 -22

4568 (DSNKY) Daiichi Sankyo 37.48 -0.14 5498 40

9433 (KDDIY) KDDI 15.35 -0.04 4503 -6

7974 (NTDOY) Nintendo 13.23 0.24 7762 -39

8766 (TKOMY) Tokio Marine HD 33.29 -0.63 4883 -23

7267 (HMC.N) Honda Motor 29.49 0.05 1442 22

2914 (JAPAY) Japan Tobacco 13.32 -0.07 3908 -12

6902 (DNZOY) Denso 14.35 -0.16 2105 -4

4519 (CHGCY) Chugai Pharmaceutical 20.94 0.31 6143 21

4661 (OLCLY) ORIENLAND 26.71 -0.14 3918 0

8411 (MFG.N) Mizuho FG 3.84 0.10 2816 36.5

6367 (DKILY) Daikin Industries 11.57 -0.38 16971 41

4502 (TAK.N) Takeda Pharmaceutical 13.87 0.00 4069 0

7741 (HOCPY) HOYA 135.03 0.48 19806 111

6503 (MIELY) Mitsubishi Electric 28.16 -1.35 2065 7

6981 (MRAAY) Murata Manufacturing 9.36 -0.29 2746 -17

7751 (CAJPY) Canon 30.81 0.27 4519 -6

6273 (SMCAY) SMC 22.06 -0.42 64715 -35

7182 (JPPTY) JP BANK 8.45 0.10 1239 -153.5

6146 (DSCSY) disco 28.40 -1.40 41657 327

3382 (SVNDY) Seven & i HD 11.42 -0.08 1675 2.5

8053 (SSUMY) Sumitomo Corporation 21.75 0.31 3190 18

6702 (FJTSY) Fujitsu 16.68 -0.09 2447 29

6201 (TYIDY) TOYOTA INDUSTRIES 71.89 -1.29 10545 -145

5108 (BRDCY) Bridgestone 18.99 -0.39 5571 -11

6178 (JPPY) Japan Post 10.00 1.00 1467 106.5

8002 (MARUY) Marubeni 155.52 0.55 2281 4.5

6723 (RNEcy) Renesas 7.57 -0.10 2221 33.5

6954 (FANUY) FANUC 13.28 -0.23 3896 9

8725 (MSADY) MS&AD InsiHD 20.47 -0.35 3003 -10

8801 (MTSFY) Mitsui Fudosan 29.30 -0.40 1433 -2

6301 (KMTUY) Komatsu Seisakusho 26.33 0.26 3862 -5

4901 (FUJIY) FUJIFILM 11.62 0.20 3409 0

6594 (NJDCY) Nidec 9.82 -0.07 5762 -59

6857 (ATEYY) ADVANTEST 40.00 -1.10 5867 75

4543 (TRUMY) Terumo 17.91 0.26 2627 16

8591 (IX.N) ORIX 114.40 5.02 3356 21

(Top 50 by market capitalization, converted to 146.68 yen per dollar)

“Top 5 ADR Growth Rate Stocks” (9th)

Code stock name closing price Japanese yen conversion price Japanese closing price ratio (%)

2801 (KIKOY) Kikkoman 24.10 1767 144.5 8.91

6178 (JPPY) Japan Post 10.00 1467 106.5 7.83

9107 (KAIKY) Kawasaki Kisen 13.31 1952 42 2.20

5401 (NPSCY) Nippon Steel 7.34 3230 61 1.92

7267 (HMC.N) Honda Motor 29.49 1442 22 1.55

“Top 5 ADR Decline Rate Stocks” (9th)

Code stock name closing price Japanese yen conversion price Japanese closing price ratio (%)

7182 (JPPTY) JP BANK 8.45 1239 -153.5 -11.02

8750 (DLICY) Dai-ichi Life HD 23.40 3432 -371 -9.76

8830 (MITEY) Sumitomo Real Estate 14.00 4107 -268 -6.13

8630 (SMPNY) SompoHD 9.70 2846 -112.5 -3.80

8601 (DSEEY) Daiwa Securities G Headquarters 6.45 946 -21.9 -2.26

“US Stock Market Overview” (9th)

NYDOW

Closing price: 39497.54 compared to the previous day: 51.05

Opening Price: 39408.06 High Price: 39628.66 Low Price: 39230.43

Year-to-date high: 41198.08 year-to-date low: 37266.67

Previous year high: 37710.10 Previous year low price: 31819.14

Nasdaq

Closing price: 16745.30 compared to the previous day: 85.28

Opening Price: 16636.52 High Price: 16789.22 Low Price: 16574.58

Year-to-date high: 18647.45 year-to-date low: 14510.30

Previous year high: 15099.18 Previous year low price: 10305.24

S&P 500

Closing price: 5344.16 compared to the previous day: 24.85

Opening Price: 5314.66 High Price: 5358.67 Low Price: 5300.84

Year-to-date high: 5667.20 year-to-date low: 4688.68

Previous year high: 4783.35 Previous year low price: 3808.10

US 30-year government bonds 4.22% US 10-year government bonds 3.943%

The US stock market continues to grow. The Dow average closed at 39,497.54 dollars, which rose 51.05 dollars, and the Nasdaq closed at 16,745.30, which rose 85.28 points.

After anxiety about the recession smoldered, it declined. After that, President Birkin of the Richmond Federal Reserve Bank, who has the right to vote in the Federal Open Market Committee (FOMC) this year, stated that “there is time to judge the economy,” and buybacks intensified as the pessimistic view of economic deceleration went too far and investor sentiment improved, and it began to rise. Boston Federal Reserve President Collins pointed out that if inflation slows down in a strong labor market, it is possible to cut interest rates, and high-tech also recovered to the positive zone. Even towards the end of the market, buybacks continued and ended ahead of the announcement of important inflation indicators next week. By sector, transportation declined while technology, hardware, and equipment rose.

Sweet Green (SG), which operates a salad restaurant chain, revised its full-year forecast upward in quarterly financial results and rose. The adjusted earnings per share of the media Paramount Global (PARA) exceeded expectations in quarterly financial results and rose. Video game manufacturer Take2 Interactive Software (TTWO) also had quarterly financial results, and earnings per share exceeded expectations and rose. Meanwhile, sales of cosmetics manufacturer e.l.f. Beauty (ELF) exceeded expectations due to quarterly financial results, but profit forecasts did not reach expectations and declined. Network equipment manufacturer Cisco Systems (CSCO) declined when an employee reduction plan, which will be the second phase of this year, was reported.

The VIX Index, which shows investors' fears, fell to the level of 20.26 last weekend.

(Horiko Capital Management LLC)