The trend of risk aversion continues, reaching the 33,000 yen level for the first time in eight months.

The Nikkei Average continued to decline significantly. It closed at 33,780.58 yen, down 955.35 yen (estimated Volume 3.2 billion 10 million shares), breaking below 34,000 yen for the first time in about eight months since August 5 of last year. Due to the USA's mutual tariffs and concerns over a global economic slowdown, the major Overseas stock indices plummeted the previous day, leading to a steep decline in the Nikkei Average at the start. It fell below the 34,000 yen mark in the middle of the morning session. After that, there were some buybacks due to a rebound from the sharp declines.

Fisco JapanApr 4 03:26 ET

Mitsukoshi Isetan --- significantly declined, with domestic securities downgrading due to a narrowing difference in sales trends compared to other companies.

Significant continued decline. The monthly sales trend announced the day before yesterday has caused disappointment, leading to a noticeable decline from the previous day. Today, SMBC Nikko Securities downgraded its investment rating from "1" to "2," and also lowered the Target Price from 3,200 yen to 2,400 yen, contributing to additional Sell pressure. Not only the decline in duty-free sales but also the decrease in domestic customer sales has been confirmed with the mid-month figures from March, suggesting a narrowing sales trend compared to other Department Stores.

Fisco JapanApr 4 00:16 ET

Gift HD - Sales announcement for directly operated stores in March for the fiscal year ending October 2025.

On the 3rd, Gift Holdings Co., Ltd. <9279> announced the sales report for its directly operated stores for March in the fiscal year ending October 2025. The total sales for March increased by 32.9% compared to the same month last year, same-store sales (all operating days) were up 8.8% year-on-year, and same-store sales (excluding renovated stores) increased by 7.2% year-on-year. The number of stores rose by 44 compared to the same month last year, reaching 238 stores. There were 2 stores closed due to renovation work. In March, price adjustments were implemented in some stores, but continued.

Fisco JapanApr 3 23:38 ET

Open H, Mandom, etc. (additional) Rating

Upgraded - Bullish Code Stock Name Securities Company Previous After ------------------------------------------------------ <4902> Konica Minolta SMBC Nikko "3" "2" Downgraded - Bearish Code Stock Name Securities Company Previous After ------------------------------------------------------ <3086> J Front SMBC Nikko "1" "2" <3

Fisco JapanApr 3 22:22 ET

April 4th [Today's Investment Strategy]

[FISCO Selected Stocks] 【Material Stocks】 Onward Holdings <8016> 517 yen (4/3) Clothing manufacturer. Brands include "23区", "組曲", and "iCB" among others. The financial results for the fiscal year ending February 2025 have been announced. The operating profit is 10.1 billion yen (a 9.8% decrease from the previous year). The previous Financial Estimates were 12.5 billion yen (an 11.0% increase). It has been noted that challenges remain in addressing climate change, etc. The operating profit forecast for the fiscal year ending February 2026 is 11.5 billion yen (a 13.3% increase from the previous year). Operating profit for the entire Overseas business.

Fisco JapanApr 3 20:05 ET

Rating [Securities companies rating]

Upgraded - Bullish Code Company Name Brokerage Firm Previous Changed After -------------------------------------------------- <4902> Konica Minolta SMBC Nikko "3" "2" Downgraded - Bearish Code Company Name Brokerage Firm Previous Changed After -------------------------------------------------- <7817> Parabed Mizuho "Buy" "Hold" <3086> J Front

Fisco JapanApr 3 19:28 ET