M3, Coca BJH, etc. (additional) Rating

Upgraded - Bullish Code Stock Name Brokerage Firm Previous After Change --------------------------------------------------- <3436> SUMCO SMBC Nikko "2" "1" <5947> Rinnai Mizuho "Hold" "Buy" <9983> Fast Retailing SMBC Nikko "2" "1" Downgraded - Bearish Code Stock Name Brokerage Firm Previous After Change -------------------------------------

Fisco JapanMar 10 11:30

<Rating change observation> New: Misa Sakura Manufacturing / Fast Retailing upgrade, QB Net H downgrade, etc.

◎ New and resumed ratings for Jinz HD <3046.T> -- Major domestic players ranked at the highest tier in three levels for Sanken Electric <6584.T> -- Medium-sized domestic players ranked at the highest tier in three levels. ◎ Upgrade for SUMCO <3436.T> -- Major domestic players ranked at the highest tier in three levels for Rinnai <5947.T> -- Bank-affiliated firms ranked at the highest tier in three levels for Japan Building Fund <8951.T> -- Foreign firms ranked at second place in a five-tier system for Fast Retailing <9983.T> -- Major domestic players ranked at the highest tier in three levels (Target Price has been lowered). ◎ Downgrade for SMS <2175.T> --

Kabushiki ShimbunMar 10 07:51

Fuji HD, US, ETC (additional) Rating

Downgrade - Bearish Code Stock Name Brokerage Firm Previous Changed After----------------------------------------------------------------<2175>SMS Morgan S "Overweight" "Equal Weight" <6367>Dai Kin Macquarie "Outperform" "Neutral" Target Price Change Code Stock Name Brokerage Firm Previous Changed After-----------------------------------

Fisco JapanFeb 6 11:23

Rating information (investment determination change - part 1) = Bic Camera, Fujicco ETC

◎ Morgan Stanley MUFG Securities (three-tier: Overweight > Equal Weight > Underweight) Bic Camera <3048.T> --- "Underweight" → "Equal Weight", 1700 yen SMS <2175.T> --- "Overweight" → "Equal Weight", 3800 yen → 1400 yen ◎ Tokai Tokyo Securities (three-tier: Outperform > Neutral > Underperform) Fujicco <2908.T> --- "Underperform"

Kabushiki ShimbunFeb 6 09:03

Rating [Securities company ratings]

Upgrades - Bullish Code Stock Name Securities Company Previous Change After ------------------------------------------------------------- <6472> NTN CLSA "Hold" "Outperform" <3048> Bic Camera Morgan Stanley "Underweight" "Equal Weight" <7729> Tokyo Precision Iwai Cosmo "B+" "A" <2908> Fujicco Tokai Tokyo "Underperform" "Neutral" Downgrades - Bearish Code Stock

Fisco JapanFeb 6 08:14

<Rating Change Observation> Toho Precision upgraded, SMS downgraded, ETC.

◎ New and reopening - ◎ Upgrade Fujicco <2908.T> - A domestic quasi-major is in the middle of the three-tiered scale Bic Camera <3048.T> - The bank-affiliated is in the middle of the three-tiered scale NTN <6472.T> - Foreign-affiliated is in the second position of the five-tiered scale Higashiseimitsu <7729.T> - A domestic quasi-major is at the highest level of the five-tiered scale. ◎ Downgrade SMS <2175.T> - The bank-affiliated is in the middle of the three-tiered scale Daikin <6367.T> - Foreign-affiliated is in the middle of the three-tiered scale. Provided by Wealth Advisor Co.

Kabushiki ShimbunFeb 6 07:51