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Regarding the establishment of the corporate forest fund by Oji in partnership with New Forests.
Oji Holdings Corporation (Headquarters: Chuo-ku, Tokyo, President: Hiroyuki Isono) has established a corporate forest investment fund "Future Forest Innovations Fund" to globally invest in forests, in partnership with New Forests, a forest asset management company, aiming to expand overseas afforestation areas to achieve the Oji Group's environmental goals by 2030.
The Nikkei average fell by 68 yen, marking its third consecutive decline, closing at a low in a directionless and fluctuating market on the afternoon of the 24th.
On the 24th, the Nikkei average stock price in the afternoon session closed at 37,608.49 yen, down 68.57 yen from the previous weekend, marking a three-day decline. The TOPIX (Tokyo Stock Exchange Index) fell by 13.28 points to 2,790.88 points, marking its first drop in eight days. The Nikkei average expanded its loss by the close, ending trading at today's low. In the morning, buying was prioritized following the rebound of the NY Dow and Nasdaq Composite Index in the US stock market on the 21st local time. Although US stock index Futures rose in extended hours trading, there was a lack of decisive factors.
The Nikkei Average fell by 9 cents, and while it fluctuated, nearly 70% of the Main Board stocks declined = 24 days before noon.
On the 24th, the Nikkei Average at the morning session fell slightly for the third consecutive day, down 9 sen from the previous weekend to 37,676.97 yen. The TOPIX (Tokyo Stock Price Index) fell 9.49 points to 2,794.67 points, marking its first decline in eight days. At 9:31 AM, the Nikkei Average had dropped by 26 yen and 10 sen to 37,650.96 yen. In the morning, buying was ahead of the trend after the NY Dow and Nasdaq Composite Index rebounded in the US stock market on the 21st. Futures for the US stock price index are rising in extended hours trading.
Prince HD and Okasan Securities were upgraded to Bullish.
Okasan Securities upgraded the rating of Oji Holdings <3861.T> from "Hold" to "Bullish" as of the 19th. The Target Price has been revised from 600 yen to 750 yen. With expectations for enhanced returns continuing, a recovery in performance for the fiscal year ending March 2026 is anticipated. Provided by Wealth Advisor Company.
Rating information (investment determination changes - Part 1) = Conforia, Mercari, ETC.
◎ Mizuho Securities (three stages: Buy > Hold > Underperform) Conforia <3282.T> - "Buy" → "Hold", 370,000 yen → 290,000 yen. ◎ Morgan Stanley MUFG Securities (three stages: Overweight > Equal Weight > Underweight) Mercari <4385.T> - "Equal Weight" → "Overweight", 2,000 yen → 3,000 yen. Kose <4922.T> - "Equal Weight" → "Underweight",
Rating [Securities companies rating]
Upgrades - Bullish Code Stock Name Brokerage Firm Previous Change After --------------------------------------------------------------- <4385> Mercari Morgan Stanley "Equal Weight" "Overweight" <8031> Mitsui & Co. SBI "Hold" "Buy" <3861> Oji Holdings Okasan "Hold" "Bullish" Downgrades - Bearish Code Stock Name Brokerage Firm Previous Change After --------------------------