Mizuho Securities (3-tier system: Buy > Neutral > Underperform)

SUMCO<3436.T>―― "Buy" → "Buy", 2300 yen → 2100 yen

UBE<4208.T>―― "Buy" → "Buy", 3600 yen → 3000 yen

M3<2413.T>―― "Hold" → "Hold", 1600 yen → 1900 yen

◎Morgan Stanley MUFG Securities (three-tier system: overweight > equal weight > underweight)

Chugai Pharmaceutical<4519.T>―― "Overweight" → "Overweight", 8050 yen → 8600 yen

Daiichi Sankyo<4568.T>―― "Overweight" → "Overweight", 5600 yen → 5000 yen

Denso<6902.T>―― "Overweight" → "Overweight", 2600 yen → 2500 yen

Aisin<7259.T>- "Overweight" → "Overweight", 2200 yen → 2400 yen

Mitsubishi Estate<8802.T>- "Overweight" → "Overweight", 2850 yen → 2650 yen

NTT Data<9613.T>- "Overweight" → "Overweight", 3300 yen → 3700 yen

Takeda Pharmaceutical<4502.T>- "Equal Weight" → "Equal Weight", 4200 yen → 4300 yen

Shionogi & Co<4507.T>- "Equal Weight" → "Equal Weight", 2100 yen → 2250 yen

ULVAC<6728.T>- "Equal Weight" → "Equal Weight", 9600 yen → 7700 yen

Lasertec<6920.T>- "Equal Weight" → "Equal Weight", 20600 yen → 16400 yen

Okasan Securities (3-stage: Bullish...