United U, Yusen etc. (additional) Rating

Upgraded - Bullish Code Stock Name Brokerage Firm Previous After -------------------------------------------------------- <8136> Sanrio SMBC Nikko "2" "1" <8766> Tokio Marine JPM "Neutral" "Over W" Downgraded - Bearish Code Stock Name Brokerage Firm Previous After ---------------------------------------------------

Fisco JapanJan 22 22:21 ET

The Nikkei average rises for three consecutive days as expectations strengthen for Trump's economic policies.

On the 21st, the US Stocks market continued to rise. The Dow Inc average gained $537.98 to close at $44,025.81, while the Nasdaq increased by 126.58 points to finish at 19,756.78. After the opening, expectations grew that the tariff measures from the Trump administration would not be strengthened as feared, which contributed to the rise. Reports of large-scale AI infrastructure investments from three private companies, including SoftBank Group <9984>, also served as positive material, leading to further gains. The decline in interest rates and the rise of Semiconductors NVIDIA, as well as the search engine Google operated by Alfu, contributed to this upward trend.

Fisco JapanJan 22 02:00 ET

Accommodation F, Sawai GHD, etc. (additional) Rating.

Upgraded - Bullish Code Stock Name Securities Company Previous Change After ----------------------------------------------------------- <4062> Ibiden Morgan Stanley "Underweight" "Equal Weight" Downgraded - Bearish Code Stock Name Securities Company Previous Change After ----------------------------------------------------------- <5711> Mitsubishi Mamoru

Fisco JapanJan 21 22:17 ET

Daito Trust Construction, Stanley Electricity, ETC.

*Daito Kento <1878> is investing 45 billion yen in logistics facilities in Chiba and Tochigi for in-house development (Nikkan Kogyo, front page) - ○ *Stanley Electric <6923> is promoting development collaboration and re-evaluating its in-house policy for rapid market introduction (Nikkan Kogyo, page 7) - ○ *Toyota Gosei <7282> is investing in digital archi and considering using recycled resin for construction molds (Nikkan Kogyo, page 7) - ○ *Horiba Seisakusho <6856> Horiba Estec has developed ultra-thin control devices for semiconductor equipment, with maximum gas flow increased sevenfold (Nikkan Kogyo, page 9) - ○ *Dai Nippon Printing <7912> mini

Fisco JapanJan 21 18:36 ET

ORIX, Mitsui Chemicals, etc. [List of stock materials from the newspaper]

*ORIX <8591> sells its Indian subsidiary, reinvesting in next-generation energy through asset replacement (Nikan Kogyo, page 3) - ○ *Daiwa House <1925> raises annual income by 10%, starting salary for new graduates is 0.35 million yen (Nikan Kogyo, page 3) - ○ *Shimadzu Corporation <7701> opens a new factory in India, operational in spring 2027 (Nikan Kogyo, page 3) - ○ *Hitachi <6501> acquires a company in North America, selling and maintaining high-pressure motors (Nikan Kogyo, page 4) - ○ *Sojitz <2768> evaluates Sojitz, trucking for electric aircraft, this summer between Kitakyushu and Miyazaki - (Nikan Kogyo

Fisco JapanJan 20 18:33 ET

List of conversion stocks [List of conversion stocks for parabolic signals]

○ List of stocks that have shifted to Buy market Code Stock Name Closing Price SAR Main Board <1515> Nippon Steel Mining 4545 4360 <1963> JGC Holdings 13411253 <2120> LIFULL 197178 <2371> Kakaku.com 23082266 <2440> Gurunavi 264246 <2678> Askul 16371606 <2931> Euglena 419381 <3103> Unitika 1451

Fisco JapanJan 20 17:56 ET