Toyo Securities <8614> has significantly continued to decline. It has announced the implementation of a stock buyback of 13.17 million shares, equivalent to 15.8% of the issued shares, with an upper limit of 8 billion yen through off-market transactions. It has reached an agreement that includes requests for the sale of stocks held by major shareholders, which is seen as a response to the sale of activist shareholdings. Although this leads to an increase in the value per share, the stock price has risen considerably since October, leading to a sense of exhaustion for the time being.