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

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

Rating [Securities company ratings]

Upgrades - Bullish Code Stock Name Securities Company Previous Change After----------------------------------------------------------------<8411> Mizuho Morgan S "Equal W" "Over W" <8354> Fukuoka JP Morgan "Neutral" "Over W" <4755> Rakuten G SMBC Nikko "2" "1" <6324> Harmonic Tokai Tokyo "Neutral" "Out P" <2802

Fisco Japan18:49 ET

＜Rating Change Observations＞ Upgrading of new/dely/Fukuoka, downgrading of Nissin Food HD, ETC.

◎ New and resumed delays <299A.T> -- The Bank system ranks Shionogi & Co., Ltd. <4507.T> at the top of the three-tier level -- Domestic major companies are ranked in the middle of the three-tier level (Coverage resumed) Zensho Holdings <7550.T> -- Domestic medium-sized companies rank at the top of the five-tier level Shin-Etsu Chemical <7970.T> -- Domestic medium-sized companies rank at the top of the five-tier level Mizuho <8411.T> -- Domestic medium-sized companies rank at the top of the three-tier level ◎ Upgrade Ajinomoto <2802.T> -- Domestic medium-sized companies rank at the top of the three-tier level Rakuten Group <4755.T> --

Kabushiki Shimbun18:49 ET

The Nikkei average started down 203 points, with declines in companies like Tokio Marine and Renesas ETC.

[Nikkei Stock Average and TOPIX (Table)] Nikkei Average; 39879.36; -203.94 TOPIX; 2775.66; -10.91 [Opening Overview] On the 8th, the Nikkei Average opened at 39879.36 yen, falling by 203.94 yen. The US stock market on the 7th declined. The Dow Inc decreased by 178.20 dollars to 42528.36 dollars, and the Nasdaq closed down by 375.30 points at 19489.68. The rise of Semiconductors NVIDIA (NVDA) is

Fisco JapanJan 7 19:40 ET

The Nikkei average rebounded for the first time in three days, led by high-priced Semiconductors, regaining the 40,000 yen level.

On the 6th, the US Stocks market was mixed. The Dow Inc average closed down $25.57 at $42,706.56, while the Nasdaq finished up 243.30 points at $19,864.98. Following reports of a limited proposal regarding uniform tariffs from the potential Trump administration, buying was prompted by a sense of relief, leading to significant increases after the opening. The Semiconductors Sector was also bought, further boosting the market. However, after Mr. Trump denied the reports of the limited tariff proposal, caution resurfaced, and the gains were reduced. The Dow decreased.

Fisco JapanJan 7 02:00 ET