Stocks fell back in the morning session following reports that litigation involving SoftBank Group had begun. Daiei Kankyo received a new Outperform rating, Panasonic Holdings entered into a collaboration with Google Home, the target price for アイシン was lowered, ＴＯＰＰＡＮホールディングス launched an apparel archive service, and 三陽商会 lowered its period-end dividend forecast as its interim loss widened.
SoftBank Group shares fell back after reports that new litigation had begun between its subsidiary Arm Holdings and Qualcomm of the United States. According to Reuters, Qualcomm may be seeking to suspend royalty payments to Arm for up to five years.
Daiei Kankyo attracted attention for the potential to expand earnings through aggressive M&A after Tokai Tokyo Intelligence Lab initiated coverage with an Outperform rating. The company, which focuses on waste treatment and resource recycling, is estimated to exceed its initial revenue forecast, with its earnings outlook for the fiscal year ending March 2027 expected to be revised upward.
Panasonic Holdings announced a collaboration agreement with Google Home as a next-generation solution aimed at enhancing security functions. Through services integrating the storage, provision and use of high-definition digital data, the company aims to improve security functions in the smart-home market.
Tokai Tokyo Intelligence Lab lowered its target price for アイシン to ¥2,670, while judging demand for hybrid and engine vehicles to remain firm. Although difficulties in the Chinese market may continue, demand for the company's products in Japan and North America is expected to remain solid.
ＴＯＰＰＡＮホールディングス announced the launch of its apparel archive service, which promotes the use of digital archives in the apparel sector and provides one-stop support for the storage, publication and use of the data. 三陽商会 posted an operating loss of ¥500 million for the first half of the fiscal year ending February 2027 and lowered its period-end dividend forecast from ¥36 to ¥31.