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Itochu has signed a business contract with Kyoto Prefecture for the "Kyoto Arena (tentative name) development and Operation project."
On the 10th, Itochu <8001.T> announced that it has signed a project contract with consortium member companies and Kyoto Prefecture regarding the "Kyoto Arena (tentative name) development and Operation project." According to the company, this project is to develop indoor sports facilities that meet international and national standards for hosting competitions, which were lacking in Kyoto Prefecture, through a public-private partnership DBFO method (Design Build Finance Operate), and will be constructed in Kameoka City, Kyoto Prefecture.
Sakata Inks, artience ETC (additional) Rating
Upgraded - Bullish Code Stock Name Securities Company Previous After ----------------------------------------------------------- <2269> Meiji HD Morgan Stanley "Underweight" "Equal Weight" <2768> Sojitz Mizuho "Hold" "Buy" <3110> Nitto Boseki Daiwa "3" "2" <7011> Mitsubishi Heavy GS "Hold" "Buy" Downgraded - Bearish Code Stock Name Securities Company Previous After ---------------
Rating information (Target Price change - Part 2) = Nittobo, Morinaga Milk, ETC
◎Mizuho Securities (three levels: Buy > Hold > underperform) Nitto Boseki <3110.T> -- "Buy" → "Buy", 6,700 yen → 6,500 yen<br> Nippon Shinyaku <4516.T> -- "Buy" → "Buy", 5,600 yen → 5,850 yen<br> Azbil <6845.T> -- "Buy" → "Buy", 1,550 yen → 1,600 yen<br> Itochu <8001.T> -- "Buy" → "Buy", 8,400 yen → 7,600 yen<br> Mitsui & Co. <8031.T> -- "Buy" → "Buy", 3,540 yen → 3,130 yen<br> Maru
Itochu Ends Consideration of Seven & I Holdings Acquisition Proposal
The Nikkei average surged by 629 points, rebounding significantly, and the TOPIX also rose, marking the largest increase this year as of the afternoon of the 3rd.
On the 3rd, the Nikkei Average Stock Price rose significantly by 629.97 yen compared to the previous weekend, reaching 37,785.47 yen, marking the second largest increase of the year after January 7 (776.25 yen). The TOPIX (Tokyo Stock Price Index) also rose by 47.47 points to 2,729.56 points, exceeding the gain of 32.26 points on February 13 and achieving the largest increase this year. On February 28 in the local U.S. stock market, the concern over the resurgence of inflation eased, leading to broad buying of stocks, which also influenced the buying of Japanese stocks from the morning.
After the acquisition plan of Japan's retailer Seven & i fell through, the CEO is reported to resign.
According to reports, Ryuichi Isaka, the CEO of Seven & i Holdings Co., will step down. It is reported that Board of Directors member Stephen Dacus will take over the position; he previously led the special committee related to evaluating the acquisition proposal from Canada’s Alimentation Couche-Tard Inc. Dacus joined the Seven & i Board of Directors in 2022 as an external member when Seven & i was under the scrutiny of activist investor ValueAct Capital.
Options Corner: Dell Technologies Attracts High-Rolling Investors Placing Bearish Bets
