Japan Post, Idemitsu Kosan, etc. (additional) Rating

Upgraded - Bullish Code Stock Name Brokerage Previous Changed -------------------------------------------------------- <5020> ENEOS Daiwa "3" "2" <6525> KOKUSAISMBC Nikko "2" "1" Downgraded - Bearish Code Stock Name Brokerage Previous Changed -------------------------------------------------------- <7

Fisco JapanDec 19 21:34 ET

The immediate stance is to Buy on dips [closing].

The Nikkei Average declined for five consecutive trading days, ending at 38,813.58 yen, down 268.13 yen (estimated Volume of approximately 2.2 billion shares). Following the perception that the results of the USA Federal Open Market Committee (FOMC) were hawkish, the major stock indices in the USA fell the previous day, leading to risk-averse selling. The Nikkei Average dipped to 38,355.52 yen shortly after the market opened. However, as the yen weakened to the mid-154 yen range against the dollar, it provided support for the market, while the Bank of Japan continued its financial measures.

Fisco JapanDec 19 02:46 ET

Rating [Securities company ratings]

Upgraded - Bullish Code Stock Name Brokerage Firm Previous After -------------------------------------------------- <7267> Honda UBS "Cell" "neutral" <2768> Sojitz SBI "Hold" "Buy" <3038> Kobe Busan SBI "Hold" "Buy" <8358> Suruga Silver Okasan "Hold" "Bullish" Downgraded - Bearish Code Stock Name Brokerage Firm Previous After ------------------------

Fisco JapanDec 18 18:51 ET

Nissan Motor, Sumitomo Corporation, etc. [List of stock materials from the newspaper]

*Nissan Motor Company <7201> is in discussions for integration with Honda, planning to establish a holding company and considering a merger with Mitsubishi Motors (Nikkai Industrial Front Page) - ○ *Mitsubishi Heavy Industries <7011> appoints Mr. Ito as president, focusing on growth strategies in energy and defense (Nikkai Industrial Page 3) - ○ *NTT <9432> alongside eight major telecommunications companies, aims to restore disaster-affected communications networks quickly, expanding cooperation, sharing fuel supply bases and laying ships (Nikkai Industrial Page 3) - ○ *Mitsui Chemicals <4183> promotes decarbonization in the petrochemical sector, discussing details of collaboration among three companies (Nikkai Industrial Page 3) - ○ *Sumitomo Corporation <8053> participates in large-scale residential development in Australia, current.

Fisco JapanDec 18 18:24 ET

The Nikkei average has fallen for four consecutive days, while Nissan and Mitsubishi Motors have hit the stop-high, but the Index ETF has seen little movement.

On the 17th, the U.S. stock market declined. The Dow Inc average fell by 267.58 points to 43,449.90 dollars, while the Nasdaq closed down 64.83 points at 20,109.06. After opening lower due to high long-term interest rates, it continued to decline. The retail revenue for November, announced in the morning, exceeded market Financial Estimates, and while there has been no change in the view that the Federal Reserve will lower interest rates at the Federal Open Market Committee (FOMC), it has led to speculation that the pace of rate cuts next year will be gradual.

Fisco JapanDec 18 02:00 ET

Toyota Motor, Sumitomo Pharma, etc.

*Toyota <7203> ends production of the Lexus 'UX' and focuses on next-generation EVs (Nikkankogyo, page 1) - ○ *Honda <7267> aims to double hybrid vehicle production by 2030, targeting global sales of 1.3 million units per year (Nikkankogyo, page 1) - ○ *Sumitomo Pharma <4506> and Sumitomo Chemicals establish a new company for regenerative and cell medicine, aiming for a scale of 350 billion yen in the late 2030s (Nikkankogyo, page 3) - ○ *Tokyo Gas <9531> signs an agreement with McDonald's to supply renewable energy to 75 stores in the Kanto area (Nikkankogyo, page 3) - ○ *Japan Escon <8892> Mitsubishi Chemicals.

Fisco JapanDec 17 18:25 ET