Osaki Electric (6644) fell sharply. Ichiyoshi Securities lowered the rating from “A” to “B,” and the fair value is 900 yen. Although there is no change in earnings forecasts, it seems to reflect an increase in stock prices. Meanwhile, they continue to keep a close eye on the full-scale profit contribution of second-generation smart meters. Furthermore, in the domestic measurement and control business, smart meters are at the crossroads until the introduction of 2nd generation units, and it is expected that business performance will continue to dance in the fiscal year ending 26/3.