Rating [Securities Firms' Ratings]

Upgrades – Bullish Code Stock Name Securities Firm Previous Revised -------------------------------------------------------------- <9005> Tokyu SBI "Neutral" "Buy" <290A> Syns Okasan "Neutral" "Bullish" <9075> Fukuyama Transporting Daiwa "3" "2" <5332> TOTO SMBC Nikko "3" "2" Downgrades – Bearish Code Stock Name Securities Firm Previous Revised ------------------

Fisco Japan19:21 ET

Emerging equities: Growth 250 index fell for the fourth consecutive day on March 3, as retail investors showed little interest.

The Tokyo Stock Exchange Growth Market 250 Index declined for the fourth consecutive trading day. Although selling pressure eased in the afternoon session and prices rebounded toward the previous day’s closing level, the index failed to move into positive territory. A market participant at a domestic securities firm noted, 'Retail investors have a high risk tolerance, but funds have flowed into large-cap semiconductor-related stocks.' Space-related stocks that had recently gained popularity—such as Syns, which hit an all-time high on May 27—were weighed down by profit-taking selling and acted as a drag on the index. Astroscale, PowerX, and Axels were among the affected names.

Jiji PressJun 3 03:08 ET

The Growth 250 index of emerging equities declined for the second consecutive day, with space-related stocks leading the downturn (as of the 2nd).

The Tokyo Stock Exchange Growth 250 Index declined for the third consecutive trading day. Market participants noted, 'With the upcoming initial public offering (IPO) of U.S. space company SpaceX, reports suggesting its valuation may fall short of expectations have triggered a downward trend in space-related stocks on the Growth market' (mid-tier securities firm). Shares of Astroscale, QPS-HD, and Syns continued to decline. On the other hand, QD Laser and Oncolys Bio rebounded, while HPC Systems extended its gains. (End) [Jiji Press]

Jiji PressJun 2 03:23 ET

Emerging equities: Growth 250 extended losses on the 27th, adjusting from overheated sentiment.

The Tokyo Stock Exchange Growth Market 250 Index declined for a second consecutive session, with stocks related to space, data centers, and drones falling. A market participant at a mid-sized securities firm commented, "Following the Nikkei 225’s sell-off driven by a correction of short-term overheating, selling pressure extended to the Growth Market as well." Shares of Astroscale, Syns, QD Laser, and Data Section declined, while PowerX rebounded and Microwave Chemical surged sharply. On the Growth Market, 61% of stocks fell and 34% rose. (End) [Jiji Press]

Jiji PressMay 27 03:49 ET

〔Bull & Bear〕Growth 250 extended its gains, as retail investors remained evenly split amid renewed optimism over Holmes' resumption.

The Tokyo Stock Exchange Growth Market 250 Index continued to rise. Amid growing expectations for the normalization of shipping through the Strait of Hormuz, buying interest in the emerging companies market has been focused on major stocks. Astroscale (186A) reached an all-time high since listing, and QD Laser (6613) extended its gains. PowerX (485A) rebounded, while QPS HD (464A) and Syns (290A) also advanced. On the other hand, Data Section (3905) came under selling pressure, and Terra Drone (278A) declined. ACSL (6233) was firm, and O

Jiji PressMay 24 21:49 ET

Trial, Synspective, and others

JPMorgan <141A>: Maintained OVERWEIGHT rating; Nomura <290A>: Synspective — Maintained BUY rating; <464A> QPSHD: Maintained BUY rating. *The above ratings are as confirmed by our firm as of May 22.

Fisco JapanMay 22 04:35 ET