Rakuten has been upgraded to "1" by SMBC Nikko.

SMBC Nikko Securities upgraded the investment rating of Rakuten <4755.T> from "2" (the middle of three levels) to "1" (the highest level) on the 8th. The Target Price remains at 1,100 yen. It is considered that the relative attractiveness within the Sector has increased. Provided by Wealth Advisor Co.

Kabushiki Shimbun23:12 ET

The Nikkei average started down 374 yen in the afternoon session, with Kawasaki Kisen and NYK Line among the stocks that fell.

[Nikkei Stock Average・TOPIX (Table)] Nikkei Average;39606.86;-374.20 TOPIX;2743.27;-26.73 [Afternoon Session Overview] The afternoon Nikkei Average started at 39606.86 yen, down 374.20 yen compared to the previous day, increasing the decline from the morning close (39678.93 yen). During lunchtime, the Nikkei 225 Futures hovered in the range of 39550 yen to 39670 yen. The dollar-yen exchange rate was 1 dollar = 157.90-158.00 yen since around 9 AM.

Fisco Japan22:59 ET

TODA Corporation, Taisei Corporation, etc. (additional) Rating

Upgrades - Bullish Code Stock Name Brokerage Firm Previous Change After----------------------------------------------------------<4755> Rakuten G SMBC Nikko "2" "1"<8354> Fukuoka JPM "Neutral" "Over W"<8411> Mizuho Morgan S "Equal W" "Over W" Downgrades - Bearish Code Stock Name Brokerage Firm Previous Change After----------------------

Fisco Japan22:17 ET

Rakuten --- Investment ratings have been upgraded domestically.

It seems that SMBC Nikko has upgraded its investment evaluation from "2" to "1". The Target Price remains at 1,100 yen. Performance is steadily recovering after overcoming the worst phase for mobile. It appears that a stronger improvement in Rakuten Mobile's earnings is necessary for further increases in stock prices. Additionally, as voicemail and call-waiting services have been made paid, there may be potential for ARPU improvement through the expansion of Single Option fees. The utilization rate of voicemail is unknown, so it has not yet been factored into Financial Estimates, but it has been noted as a point of interest.

Fisco Japan21:54 ET

Rating information (investment decision change - part 1) = Shionogi & Co., Rakuten ETC.

◎Nomura Securities (3 tiers, Buy > neutral > Reduce) Shionogi & Co., Ltd. <4507.T> -- Restarted to "neutral", 2500 yen. ◎Daiwa Securities (5 tiers, 1 > 2 > 3 > 4 > 5) Sekisui House, Ltd. <3309.T> -- "2" → "3", 85000 yen → 85000 yen. ◎SMBC Nikko Securities (3 tiers, 1 > 2 > 3) Rakuten Group <4755.T> -- "2" → "1", 1100 yen → 1100 yen. ◎Morgan Stanley MUFG Securities (3 tiers, Overweight >

Kabushiki Shimbun20:14 ET

Bankers Say Japan's $230 Billion M&A Boom Will Get Even Bigger

BNN Bloomberg19:00 ET