Astellas Pharma, OLC, and others (additional) Rating

Upgrades – Bullish Code Stock Name Brokerage Firm Previous Revised ---------------------------------------------------------- <3778> Sakura Nomura "Neutral" "Buy" <7453> Ryohin Keikaku Tokai Tokyo "Neutral" "Underperform" <8439> Tosei Century JPMorgan "Neutral" "Overweight" Downgrades – Bearish Code Stock Name Brokerage Firm Previous Revised --------------

Fisco JapanJul 13 22:33 ET

[Stock in Focus] Ryohin Keikaku hits year-to-date highs for consecutive days amid continued buying on strong earnings.

Ryohin Keikaku Co., Ltd. (7453) continued to rise, gaining 356 yen from the previous day to reach 4,589 yen, marking another record high since the beginning of the year. Buying interest has persisted following the company’s earnings announcement on the 10th, and the disclosure after market close on the 13th regarding the termination of its capital alliance with Mitsubishi Corporation (8058) appears to have had no negative impact, according to a domestic securities firm. On the 10th, Ryohin Keikaku announced its second upward revision of earnings guidance for the current fiscal year, citing stronger-than-expected growth in its overseas operations. Market participants note that, following these results, 'Fast Retailing (99

Jiji PressJul 13 22:05 ET

Market orders: Kioxia Holdings sold, Mitsubishi Motors bought; Mitsubishi UFJ and Toyota bought (first session, 14 days ago).

SoftBank Group Corp. (9984): Sold 435,000 shares, bought 219,000 shares; Kioxia Holdings Corp. (285A): Sold 283,000 shares, bought 81,000 shares; Mitsubishi Motors Corp. (7211): Sold 117,000 shares, bought 72,000 shares; Tokyo Electron Ltd. (8035): Sold 50,000 shares, bought 36,000 shares; Furuno Electric Co., Ltd. (6814): Sold 41,000 shares, bought 24,000 shares; Mitsubishi UFJ Financial Group, Inc. (8306): Sold 622,000 shares, bought 2,079,000 shares; Toyota Motor Corp. (7203): Sold 397,000 shares, bought 589,000 shares; Sumitomo Mitsui Financial Group, Inc. (8316): Sold 15

Jiji PressJul 13 19:44 ET

Rating [Securities Firms' Ratings]

Upgrades – Bullish Code Stock Name Securities Firm Previous Revised ------------------------------------------------------------------ <8439> Toho Century JPMorgan "Neutral" "Overweight" <7453> Ryohin Keikaku Tokai Tokyo "Neutral" "Underperform" Downgrades – Bearish Code Stock Name Securities Firm Previous Revised ------------------------------

Fisco JapanJul 13 19:40 ET

Tokai Tokyo Upgrades Ryohin Keikaku to Outperform From Neutral; Price Target Is 5,000 Yen

MT NewswiresJul 13 06:30 ET · Ratings

Bull and bear markets saw a sharp decline, with selling pressure centered on AI-related stocks.

On the 13th, the Tokyo stock market saw broad selling pressure centered on artificial intelligence (AI)-related stocks such as semiconductors, causing the Nikkei Stock Average to decline sharply. The Tokyo Stock Price Index (TOPIX) also fell. Although major U.S. equity indices ended slightly higher on Friday the 10th, and the Nikkei average briefly moved into positive territory in early trading on the 13th, it failed to sustain gains and steadily widened its losses from mid-morning onward. Among the top negative contributors to the Nikkei average were Advantest Corp. <6857>, Tokyo Electron Ltd. <8035>, and Kioxia Holdings <

Jiji PressJul 13 02:28 ET