Stocks that moved or were traded in the first half of the session.

* Tohoku Electric Power <9070> 7870 - The movement continues to align with the TOB price due to the announcement of the implementation of an MBO. * GMO Internet <4784> 1362 +141 Especially with no new materials, it seems to be influenced by supply and demand factors at the end of the month. * Aichi Steel <5482> 7220 +460 Announced the implementation of a Share Buyback in off-hours trading. * Hokuriku Electric Power <9505> 833.2 +44.4 Adjusted financial estimates and dividends upward. * SRE HD <2980> 3180 +100 The sale price has also been determined, and buybacks are underway.

Fisco JapanFeb 27 23:54 ET

PS and others continue to rank, with the outlook for this period's performance considered to be lower than expected.

PS <1871> is ranked (as of 1:32 PM). There has been a significant drop. The full-year financial estimates, which were withdrawn during the third quarter financial results, have been announced. The operating profit is estimated to be 11.5 billion yen, a 46.9% increase compared to the previous period. As of the third quarter, it was 10.9 billion yen, which is 2.1 times higher than the same period last year, leading to the view that the revision range remained smaller than expected. Furthermore, the annual dividends have been raised from the previously planned 44 yen to 70 yen. Top changes in volume [February 28, 13

Fisco JapanFeb 27 23:33 ET

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

February 28 [Today's Investment Strategy]

[Fisco Selected Stocks] 【Material Stocks】 Shinwa Wise Holdings <2437> 287 yen (2/27) Engaged in auction business mainly focused on art. Announced the first half financial results. The operating profit is 0.21 billion yen. The profit increased from 0.043 billion yen in the first quarter and turned from a loss of 0.068 billion yen in the same period last year to a profit. Revenue increased due to handling of consignment sales and private sales that were delayed compared to the previous period. The operating profit for the fiscal year ending May 2025 is 0.33 billion.

Fisco JapanFeb 27 18:50 ET

Rating [Securities company ratings]

Upgraded - Bullish Code Stock Name Securities Company Previous After ----------------------------------------------------- <4062> Iben Morgan Stanley "Equal Weight" "Overweight" <1911> Sumitomo Forestry SMBC Nikko "2" "1" <5333> Gaishi Mizuho "Hold" "Buy" Downgraded - Bearish Code Stock Name Securities Company Previous After -----------------------------------

Fisco JapanFeb 27 18:38 ET

Pay attention to Hokuriku Electrical Utilities and Meiden Corporation, while PS and Japan Post Bank may be sluggish.

In the US stock market on the 27th, the Dow Jones Industrial Average fell by $193.62 to 43,239.50, the Nasdaq Composite Index dropped by 530.84 points to 18,544.42, and the Chicago Nikkei 225 Futures fell by 715 yen compared to the Osaka daytime price, reaching 37,585 yen. The exchange rate is 1 dollar = 149.70-80 yen. In today's Tokyo market, Hokuriku Electric Power <9505>, which revised its Financial Estimates and Dividends upward for the fiscal year ending March 2025, TAKARA & COMPANY <7921> which revised its net profit estimates upward for the fiscal year ending May 2025, remains undecided.

Fisco JapanFeb 27 18:15 ET