Shiseido Company, Limited Sponsored ADR --- continued to rise, with the steady trend of revenue from Department Stores Cosmetics and other factors prompting a review.

Continued rise. Today, besides the company, strong movements of cosmetic-related stocks such as Kose and Kao are noticeable. The nationwide revenue of department stores for January was announced the previous day, showing a 5.2% increase nationwide, marking three consecutive months of growth. Particularly, inbound revenue has shown a high increase of 54.9% due to the effect of the Spring Festival holiday. By commodity, cosmetics have seen a 7.5% increase, which is believed to be leading to a review of stock prices.

Fisco Japan23:02 ET

Soft 99 has announced a partial change to its Shareholder benefit program.

On the 21st, Soft99 Corporation <4464> announced a partial change to its Shareholder benefit program. This change aims to enhance the attractiveness of investing in the company's Stocks for a wider audience and to deepen understanding of the company's group businesses. Specifically, a new category for Shareholding of 200 to 499 shares has been established, and the requirement for a holding period has been abolished. The changes are expected to take effect from the Shareholder benefit program based on the end date of March 2026.

Fisco Japan22:43 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 Japan22:35 ET

Rating [Securities company ratings]

Upgraded - Bullish Code Stock Name Securities Company Previous Change After -------------------------------------------------------------- <6752> Panasonic HD Morgan Stanley "Equal W" "Over W" <7735> Screen Morgan Stanley "Equal W" "Over W" <6266> Tatsumo Ichiyoshi "B" "A" Downgraded - Bearish Code Stock Name Securities Company Previous Change After -------------------

Fisco Japan20:06 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 Japan18:24 ET

List of convertible stocks (Part 1) [List of Parabolic Signal convertible stocks]

○ List of stocks for Buy conversion in the market Code Stock Name Close Price SAR Tokyo Main Board <2109> DM Mitsui Sugar 3475 3355 <2181> Persol HD 241 225 <2269> Meiji HD 3070 2871 <2292> S FOODS 2372 2296 <2331> ALSOK 10921040 <2378> Renaissance 1

Fisco Japan17:50 ET