MonotaRO, Daio Paper, ETC (additional) Rating

Upgrades - Bullish Code Stock Name Broker Previous After ------------------------------------------------------------- <1911> Sumitomo Forestry SMBC Nikko "2" "1" <4062> Ibiden Morgan Stanley "Equal Weight" "Over Weight" <5333> Gaishi Mizuho "Hold" "Buy" Downgrades - Bearish Code Stock Name Broker Previous After ---------------------------

Fisco JapanFeb 27 21:43 ET

Mitsubishi Electric Corp. Unsponsored ADR, Dai Nippon etc. [List of stock materials from the newspaper]

*Mitsubishi Electric Corp. Unsponsored ADR <6503> launches a new series of PLC units, developed for the first time in 10 years, with processing speeds dozens of times faster (Nikkan Kogyo, Page 1) – ○*Osaka Gas <9532> aims to decarbonize city gas by up to 40% by 2040 (Nikkan Kogyo, Page 3) – ○*Dainikko <6635> to demonstrate rapid EV charging with solar power at its headquarters factory next month (Nikkan Kogyo, Page 5) – ○*Nippon Electric Glass <5333> acquires German company for 43.2 billion yen, expanding sub-nano membrane (Nikkan Kogyo, Page 5) – ○*Itochu <8001> to sell all fodder additives from the Sumika and Ehime factory.

Fisco JapanFeb 27 18:39 ET

Petroleum resources, light industry, etc. (additional) Rating

Upgraded - Bullish Code Stock Name Brokerage Firm Previous Changed After-------------------------------------------------------------<268A> Rigaku Nomura "Hold" "Buy" <3626> TIS GS "Hold" "Buy" <4528> Ono Pharmaceutical City "3" "2" <6752> Panasonic HD Morgan Stanley "Equal Weight" "Over Weight" <7735> Screen Morgan Stanley "Equal Weight" "Over Weight"

Fisco JapanFeb 25 22:35 ET

Mitsubishi Chemical G, Aisan Industry, etc. [List of stock materials from the newspaper]

*Mitsubishi Chemical G <4188> expands space materials and develops thermal conductivity sheets for Communications (Nikkai Industrial, page 1) - ○ *Toyota Motor <7203> changes the structure of the board of directors and establishes an audit committee company (Nikkai Industrial, page 3) - ○ *Kddi Corporation <9433> AIDC verification environment in Shibuya, compatible with cutting-edge GPUs (Nikkai Industrial, page 4) - ○ *Aisin Seiki <7283> new medium-term plan, revenue of 550 billion yen in fiscal 30, expansion of engine systems (Nikkai Industrial, page 4) - ○ *Honda <7267> achieves top rank in traffic safety initiatives.

Fisco JapanFeb 25 18:24 ET

List of cloud break stocks (Part 2) [Ichimoku Kinko Hyo - List of cloud break stocks]

○ List of stocks that have fallen below the cloud in the market Code Stock Name Closing Price Leading Span A Leading Span B Tokyo Main Board ＜1662＞ Petroleum Resources 1118 1147.75 1122.5 ＜1969＞ Takasago Thermal 5421 6199.75 5647.5 ＜2108＞ Beet Sugar 2334 2350.25 2398 ＜2168＞ Pasona 1994 2025.75 2003 ＜2305＞ Studio Alice 2050 2104.

Fisco JapanFeb 25 17:49 ET

February 25 [Today's Investment Strategy]

[Fisco Selected Stocks]【Material Stocks】Escrow Agent Japan <6093> 160 yen (2/21) Engaged in real estate-related business such as escrow (third-party deposit), contract services, human resource dispatch, and auctions. While promoting the digital transformation of registration-related operations associated with real estate transactions, obtained a Business model patent for the cloud play in the progress management system, "EAJ Platform System (EPS)," and the business processes utilizing it.

Fisco JapanFeb 24 19:02 ET