Rating [Securities Firms' Ratings]

Upgrades – Bullish Code Stock Name Securities Firm Previous Revised -------------------------------------------------------------- <8304> Aozora Bank JPMorgan "Underweight" "Neutral" <3765> GungHo Online Entertainment CLSA "Hold" "Underperform" <6676> BUFFALO Iwai Cosmo "B+" "A" Downgrades – Bearish Code Stock Name Securities Firm Previous Revised --------------------------------------------------------------

Fisco Japan18:55 ET

Morning Equity Memo – June 8 ☆3

---------------------------------------------------------------------------------------------------Other ex-rights stocks (excluding ex-dividend and ex-stock-split dates) ※= Last day of rights-on trading, ex-rights date Code Stock Name

Jiji Press18:02 ET

Asian Shares Retreat as US Stocks Halt Their Record-breaking Rally, While Oil Prices Fall Back

Yahoo FinanceJun 3 23:26 ET

Kyorin Pharmaceutical, Shiseido, and others (additional) Rating

Upgrades – Bullish Code Stock Name Securities Firm Previous Revised ---------------------------------------------------------------- <9007> Odakyu Electric Railway Co., Ltd. SBI Securities "Neutral" "Buy" <9684> Square Enix Holdings Co., Ltd. SBI Securities "Sell" "Neutral" Downgrades – Bearish Code Stock Name Securities Firm Previous Revised -------------------------------------------------

Fisco JapanJun 2 23:16 ET

Morning Equity Memo – June 3 ☆3

---------------------------------------------------------------------------------------------------Other ex-rights stocks (excluding ex-dividend and ex-stock-split dates) ※= Last day of rights-on trading, ex-rights date Code Stock Name

Jiji PressJun 2 18:19 ET

In the afternoon session, AI-related stocks rebounded as buying interest returned, limiting their downside.

The Nikkei 225 closed lower, finishing at 66,734.24 yen, down 200.09 yen (estimated trading volume: 2.74 billion shares). Profit-taking emerged following consecutive days of gains, and concerns also mounted over stalled negotiations between the U.S. and Iran toward ending hostilities. After opening lower, the index steadily declined throughout the session, dipping to an intraday low of 65,551.13 yen shortly after the afternoon trading session began. It later pared some losses after the results of the 10-year Japanese government bond auction were perceived as strong, supporting longer-term rates.

Fisco JapanJun 2 03:45 ET