I would like to pay attention to the following 3 points in the pre-market transaction on the 29th.

■The flow of overseas players is limited and short-term trading is the focus

■Noritz Steel, 24/12 revised upward operating profit 18.7 billion yen ← 18 billion yen

■Notable materials on the front floor: Canon, Space One, additional launch points in Wakayama/Kushimoto-cho, 30s, satellite transportation 30 times a year

■The flow of overseas players is limited and short-term trading is the focus

The Japanese stock market on the 29th is likely to have such a strong sense of market development amid a lack of clues. The US market on the 28th is closed for the Thanksgiving holiday. The European market has risen. As the flow of overseas players is limited due to the effects of the closure of the US market, while aggressive transactions are limited, short-term trading is likely to take center stage.

As favorable economic indicators continue to be announced in the United States, sales trends of retail companies on Black Friday after Thanksgiving are attracting attention. There is also a view in part that it will not grow as much as expected due to the effects of inflation, and it is likely that the mood of watching to determine sales trends will also intensify. Note that the Chicago Nikkei 225 futures settlement value until 3 a.m., is 38300 yen, which is 80 yen lower than Osaka. The yen exchange rate is hovering in the 151 yen 50 yen range per dollar.

The Nikkei Stock Average is likely to start with a small movement in the form of falling in line with Chicago futures. There was also a scene where the Nikkei 225 futures night session was bought up to 38440 yen at one point, but the closing price ended below the 200-day line (38410 yen). While market participants are limited, it is difficult to expect a movement that will set a milestone of 38500 yen after breaking through the 200-day line, and it seems that it will move around the 200-day line.

The Nikkei Stock Average rebounded yesterday to an increase of 214 yen, showing the strength of push buying in the phase where it was falling below 38,000 yen. It seems that people will continue to be aware of purchases aiming to push around 38,000 yen, but since it is thought that the previous day's movements had a significant impact on the rebalance before US holidays, it is thought that the rebound trend is unlikely to intensify.

Furthermore, it is reported that there is a possibility that Russian President Vladimir Putin will target the center of the Ukrainian government. It is possible that the new hypersonic medium-range ballistic missile “Oleshnik” will be used again for future retaliation attacks, and it seems that caution against geopolitical risks will also lead to buyer refraining. As for shopping, as individual-centered trading takes center stage, it will be a move aimed at capturing short-term price ranges in small and medium-sized stocks.

■Noritz Steel, 24/12 revised upward operating profit 18.7 billion yen ← 18 billion yen

Noritz Steel (7744) announced revisions to its earnings forecast for the fiscal year ending 2024/12. Sales were revised upward from 103.1 billion yen to 104.3 billion yen, and operating profit was revised upward from 18 billion yen to 18.7 billion yen. It reflected the fact that shipments had been resumed for some products that had been suspended due to a defect.

■Notable materials from the front

・The Nikkei Average rose (38349.06, +214.09)

・Active share buybacks

・Request for improvement of corporate value by the Tokyo Stock Exchange

・Expectations for additional economic measures

・Canon [7751] Space One expands launch point in Wakayama/Kushimoto-cho, 30 times a year in the 30s

・Unitika ＜3103＞ fiber withdrawal to concentrate on polymers, president “execution of plan to survive”

・Mr. Yasuji Ishii as president of Nisshinbo HD ＜3105＞ reverses the radio and communication axis

・SoftBank G ＜9984＞ considering additional investment in open AI

・VERSYS 24＜6183＞ creates a DB from call information, and improves response accuracy with generative AI

・Kaga Electronics' ＜8154＞ new mid-term budget paving the way for M&A/EMS to 30 billion yen and sales to 1 trillion yen

・REVOLUTION ＜8894＞Strengthening safety at Clafan, partnering with GVE, promoting investment in Japan from overseas

・Fuso Dentsu ＜7505＞ DX support, targeting 6 industries, aiming for 1.8 billion yen operating profit for the fiscal year ending 27/9

・PCA ＜9629＞2 billion yen fund formation, start-up investment, and subsidiary

・Market E ＜3135＞ reuse infrastructure delivered to 200 municipalities

・Nakakita Seisakusho ＜6496＞Marine Valve subsidiary in China

・Honda ＜7267＞ to introduce electric motorcycles to India, battery replacements, etc. next spring

・Collaborative robot transfer with Yamazen ＜8051＞ AGV, dedicated trolleys, production efficiency improvement

・NSK ＜6471＞ high-precision positioning/transportation/drive control devices

・Fujitsu ＜6702＞Colt uses optical transmission to expand optical fiber networks in western Japan

・TOPPAN ＜7911＞ multilingual translation service launched, specialized for foreign visitors to Japan

・Chubu Electric Power ＜9502＞ Group's JERA appeals for a review of the value of thermal power, soaring prices in materials and equipment, and investment issues

・Integrated production of Kobe Steel ＜5406＞ high corrosion resistant steel sheets for 28 years, 0.25 million tons per year in Kakogawa

・Suminoe Textile ＜3501＞ expands car interior materials and changes company name next month

・TEPCO HD ＜9501＞ Kashiwazaki-Kariwa Unit 6 will be loaded with fuel on 6/10 next year

☆ Front office event schedule

＜Domestic＞

・ 08:30 November Tokyo Metropolitan Consumer Price Core Index (year-on-year forecast: +2.0%, October: +1.8%)

・ 08:30 October effective job offer ratio (forecast: 1.24 times, September: 1.24 times)

・ 08:30 October unemployment rate (forecast: 2.5%, September: 2.4%)

・ 08:50 October industrial production preliminary figures (month-on-month forecast: +4.0%, September: +1.6%)

・Prime Minister Ishiwari's Statement of Faith

＜Overseas＞

・Nothing in particular