Prologis, TKP, and others (additional) Rating

Upgrade - Bullish Code Stock Name Securities Company Previous Change After -------------------------------------------------------- <3197> Sky HD JPM "Under P" "Neutral" Downgrade - Bearish Code Stock Name Securities Company Previous Change After -------------------------------------------------------- <4186> Ouka Chemical Tokai Tokyo "Out

Fisco Japan22:18 ET

Sumitomo Corporation aims for sustainable growth through the transformation of its business portfolio as a comprehensive trading company.

Sumitomo is a general trading company with operations in approximately 60 countries worldwide, engaging in diverse businesses such as steel, automobiles, transportation machinery and construction equipment, urban development, media and digital, lifestyle, resources, chemicals and electronics and agriculture, and energy transformation. In its Medium-Term Management Plan 2026, launched in the fiscal year 2024, the company aims to create 'No.1 Business Groups' and accelerate the reallocation of management resources to businesses with competitive advantages. Key focus areas include steel, leasing, and construction equipment.

Fisco Japan21:06 ET

Sojitz's infrastructure and energy-saving investments are driving earnings, with expectations for revaluation amid a stronger focus on returns.

Sojitz Corporation (2768), a major general trading company born from the merger of Nichimen and Nissho Iwai in 2004, operates a wide range of businesses spanning from energy resources to infrastructure and consumer goods, on a scale second only to the top five trading houses. The company’s corporate philosophy is to connect the world with sincerity and create new value and a prosperous future. Sojitz's operations are divided into seven segments: automotive, aviation and social infrastructure, energy and healthcare, metals and resources and recycling, chemicals, lifestyle industries and agribusiness, retail and consumer products.

Fisco Japan20:32 ET

Ashimori Industry, JTEKT [5% Rule]

<3526> Ashimori Industries Co., Ltd. and Toyota Gosei Co., Ltd. shareholding ratio: 64.49% → 65.58%. Reporting obligation date: January 15, 2026. <5970> J-Tec Corporation and Honda Motor Co., Ltd. shareholding ratio: 21.70% → 20.51%. Reporting obligation date: January 16, 2026.

Fisco Japan19:23 ET

Rating [Securities companies' ratings]

Upgrade - Bullish Code | Stock Name | Securities Company | Previous | Change | After ------------------------------------------------------- ＜8601＞ Daiwa Securities Group | Okasan "Neutral" "Bullish" ＜3382＞ 7&I-HD | Iwai Cosmo "B" "B+" Downgrade - Bearish Code | Stock Name | Securities Company | Previous | Change | After ------------------------------------------------------- ＜418

Fisco Japan19:02 ET

Makino Milling Machine, Toyota Tsusho, and others.

- Makino Milling Machine (<6135>) has halved delivery times at its Yamanashi Plant by introducing modular production methods (Nikkan Kogyo, front page). - Fujisawa (<6474>) to establish a fully automated production line for industrial robots in the U.S. by the second half of this year (Nikkan Kogyo, front page). - Tokyo Electric Power HD (<9501>) suspends operations at the Kashiwazaki-Kariwa Nuclear Power Plant (Nikkan Kogyo, page 3). - Sojitz (<2768>) President Yukihiro Uemura emphasizes growth investments in infrastructure and chemicals (Nikkan Kogyo, page 4). - Toyota Tsusho (<8015>) acquires Toyota Motor and Hino Motors dealership businesses in Ghana (Nikkan Kogyo, page 4).

Fisco Japan18:29 ET