| | NKY index / JPNK400 index | | | | | | | |
| Code | Name | Firm Name | New Rating | Change | New TP | | Former TP | px last |
| 1605 | INPEX CORP | Mitsubishi UFJ Morgan Stanley | Strong Buy | Maintained | 1900 | | 1900 | 1668 |
| 1963 | JGC HOLDINGS CORP | SMBC Nikko | Strong Buy | Maintained | 2600 | | 2600 | 1821 |
| 2327 | NS SOLUTIONS CORP | Mitsubishi UFJ Morgan Stanley | Hold | Maintained | 4350 | | 4350 | 3900 |
| 2501 | SAPPORO HOLDINGS LTD | SMBC Nikko | Strong Sell | Maintained | 2700 | | 2700 | 3612 |
| 2502 | ASAHI GROUP HOLDINGS LTD | SMBC Nikko | Strong Buy | Maintained | 6500 | | 6500 | 5385 |
| 2503 | KIRIN HOLDINGS CO LTD | SMBC Nikko | Hold | Maintained | 2300 | | 2300 | 2061 |
| 2587 | SUNTORY BEVERAGE & FOOD LTD | SMBC Nikko | Strong Buy | Maintained | 6200 | | 6200 | 4950 |
| 2651 | LAWSON INC | Goldman Sachs | Hold | Maintained | 6400 | ↑ | 5900 | 7261 |
| 2651 | LAWSON INC | Jefferies | Hold | Maintained | 6500 | | 6500 | 7261 |
| 2670 | ABC-MART INC | Morgan Stanley | Hold | Maintained | 7800 | | 7800 | 7950 |
| 2670 | ABC-MART INC | Goldman Sachs | Hold | Maintained | 8300 | ↑ | 7800 | 7950 |
| 2670 | ABC-MART INC | Credit Suisse | Strong Buy | Maintained | 8500 | | 8500 | 7950 |
| 2670 | ABC-MART INC | Mizuho Securities | Hold | Maintained | 7600 | | 7600 | 7950 |
| 2670 | ABC-MART INC | SMBC Nikko | Hold | Maintained | 8700 | | 8700 | 7950 |
| 2670 | ABC-MART INC | CLSA | Buy | Maintained | 8800 | ↑ | 7920 | 7950 |
| 3064 | MONOTARO CO LTD | SMBC Nikko | Strong Buy | Maintained | 2000 | | 2400 | 1719 |
| 3141 | WELCIA HOLDINGS CO LTD | Credit Suisse | Hold | Maintained | 2900 | ↓ | 2900 | 2732.5 |
| 3141 | WELCIA HOLDINGS CO LTD | CLSA | Buy | Maintained | 3170 | | 3170 | 2732.5 |
| 3349 | COSMOS PHARMACEUTICAL CORP | Mizuho Securities | Strong Buy | Maintained | 18000 | ↑ | 16500 | 15840 |
| 3401 | TEIJIN LTD | SMBC Nikko | Strong Buy | Maintained | 1750 | | 1750 | 1444.5 |
| 3402 | TORAY INDUSTRIES INC | SMBC Nikko | Strong Buy | Maintained | 930 | | 930 | 773.3 |
| 3405 | KURARAY CO LTD | SMBC Nikko | Hold | Maintained | 1500 | | 1500 | 1342 |
| 3407 | ASAHI KASEI CORP | SMBC Nikko | Strong Buy | Maintained | 1350 | | 1350 | 963.1 |
| 3436 | SUMCO CORP | SMBC Nikko | Hold | Maintained | 1750 | | 1750 | 2027 |
| 3626 | TIS INC | Mitsubishi UFJ Morgan Stanley | Strong Buy | Maintained | 4700 | | 4700 | 3517 |
| 4005 | SUMITOMO CHEMICAL CO LTD | SMBC Nikko | Hold | Maintained | 410 | | 410 | 431.4 |
| 4021 | NISSAN CHEMICAL CORP | SMBC Nikko | Strong Buy | Maintained | 7900 | | 7900 | 6071 |
| 4042 | TOSOH CORP | SMBC Nikko | Hold | Maintained | 1700 | | 1700 | 1753.5 |
| 4062 | IBIDEN CO LTD | Jefferies | Strong Buy | New Rating | 9800 | | | 7988 |
| 4063 | SHIN-ETSU CHEMICAL CO LTD | SMBC Nikko | Strong Buy | Maintained | 5400 | | 5400 | 4512 |
| 4183 | MITSUI CHEMICALS INC | Morgan Stanley | Strong Buy | Maintained | 5000 | | 5000 | 4006 |
| 4183 | MITSUI CHEMICALS INC | Mizuho Securities | Strong Buy | Maintained | 5500 | | 5500 | 4006 |
| 4183 | MITSUI CHEMICALS INC | Nomura Securities | Strong Buy | Maintained | 4490 | ↑ | 4070 | 4006 |
| 4183 | MITSUI CHEMICALS INC | SMBC Nikko | Strong Buy | Maintained | 4750 | | 4750 | 4006 |
| 4188 | MITSUBISHI CHEMICAL GROUP CO | SMBC Nikko | Hold | Maintained | 750 | | 750 | 831 |
| 4205 | ZEON CORP | SMBC Nikko | Strong Buy | Maintained | 1600 | | 1600 | 1330.5 |
| 4208 | UBE CORP | SMBC Nikko | Hold | Maintained | 2300 | | 2300 | 2437.5 |
| 4307 | NOMURA RESEARCH INSTITUTE LT | Mitsubishi UFJ Morgan Stanley | Strong Buy | Maintained | 4400 | | 4400 | 3829 |
| 4452 | KAO CORP | Jefferies | Strong Buy | Maintained | 6700 | | 6700 | 5377 |
| 4502 | TAKEDA PHARMACEUTICAL CO LTD | Macquarie | Strong Buy | Maintained | 4900 | | 4900 | 4306 |
| 4502 | TAKEDA PHARMACEUTICAL CO LTD | Nomura Securities | Strong Buy | Maintained | 5600 | | 5600 | 4306 |
| 4503 | ASTELLAS PHARMA INC | JP Morgan | Hold | Resume | 1900 | | | 2022 |
| 4523 | EISAI CO LTD | Bernstein | Strong Buy | Maintained | 11100 | | 11100 | 8484 |
| 4523 | EISAI CO LTD | Citi | Strong Buy | Maintained | 10800 | | 10800 | 8484 |
| 4527 | ROHTO PHARMACEUTICAL CO LTD | Jefferies | Strong Buy | Maintained | 3700 | ↑ | 3000 | 2982.5 |
| 4536 | SANTEN PHARMACEUTICAL CO LTD | Jefferies | Strong Buy | Maintained | 1400 | ↑ | 1300 | 1183 |
| 4552 | JCR PHARMACEUTICALS CO LTD | Daiwa Securities | Hold | Maintained | 1300 | | 1300 | 1230 |
| 4684 | OBIC CO LTD | Mitsubishi UFJ Morgan Stanley | Hold | Maintained | 24000 | | 24000 | 22580 |
| 4704 | TREND MICRO INC | Mitsubishi UFJ Morgan Stanley | Strong Sell | Maintained | 5700 | | 5700 | 6658 |
| 4716 | ORACLE CORP JAPAN | Mitsubishi UFJ Morgan Stanley | Strong Sell | Maintained | 8300 | | 8300 | 10255 |
| 4739 | ITOCHU TECHNO-SOLUTIONS CORP | Mitsubishi UFJ Morgan Stanley | Strong Buy | Maintained | 4200 | | 4200 | 3500 |
| 4768 | OTSUKA CORP | Mitsubishi UFJ Morgan Stanley | Strong Buy | Maintained | 6500 | | 6500 | 5540 |
| 4901 | FUJIFILM HOLDINGS CORP | Mitsubishi UFJ Morgan Stanley | Hold | Maintained | 7500 | ↑ | 7400 | 8209 |
| 4911 | SHISEIDO CO LTD | Jefferies | Strong Buy | Maintained | 8000 | | 8000 | 6318 |
| 4912 | LION CORP | Jefferies | Hold | Maintained | 1600 | | 1600 | 1333.5 |
| 4921 | FANCL CORP | Jefferies | Strong Buy | Maintained | 2700 | | 2700 | 2559.5 |
| 4922 | KOSE CORP | Jefferies | Hold | Maintained | 17000 | | 17000 | 13525 |
| 4967 | KOBAYASHI PHARMACEUTICAL CO | Jefferies | Hold | Maintained | 7600 | | 7600 | 7645 |
| 5019 | IDEMITSU KOSAN CO LTD | Mitsubishi UFJ Morgan Stanley | Hold | Maintained | 3710 | | 3710 | 2933 |
| 5020 | ENEOS HOLDINGS INC | Mitsubishi UFJ Morgan Stanley | Hold | Maintained | 440 | | 440 | 492.2 |
| 5021 | COSMO ENERGY HOLDINGS CO LTD | Mitsubishi UFJ Morgan Stanley | Strong Buy | Maintained | 5000 | | 5000 | 3933 |
| 5101 | YOKOHAMA RUBBER CO LTD | Mitsubishi UFJ Morgan Stanley | Strong Buy | Maintained | 3400 | | 3400 | 2972.5 |
| 5631 | JAPAN STEEL WORKS LTD | SMBC Nikko | Strong Buy | Maintained | 4200 | | 4200 | 2910 |
| 6028 | TECHNOPRO HOLDINGS INC | Jefferies | Strong Buy | Maintained | 3950 | ↓ | 4100 | 3104 |
| 6028 | TECHNOPRO HOLDINGS INC | CLSA | Strong Buy | Maintained | 4100 | ↓ | 4400 | 3104 |
| 6103 | OKUMA CORP | SMBC Nikko | Hold | Maintained | 6300 | | 6300 | 7151 |
| 6113 | AMADA CO LTD | SMBC Nikko | Hold | Maintained | 1300 | | 1300 | 1348.5 |
| 6141 | DMG MORI CO LTD | SMBC Nikko | Strong Buy | Maintained | 3100 | | 3100 | 2350.5 |
| 6178 | JAPAN POST HOLDINGS CO LTD | Mitsubishi UFJ Morgan Stanley | Strong Buy | Maintained | 1250 | | 1250 | 1038 |
| 6183 | BELLSYSTEM24 HOLDINGS INC | Tokai Tokyo Research Center | Strong Buy | Maintained | 1800 | | 1800 | 1349 |
| 6183 | BELLSYSTEM24 HOLDINGS INC | Mizuho Securities | Strong Buy | Maintained | 1800 | | 1800 | 1349 |
| 6183 | BELLSYSTEM24 HOLDINGS INC | SMBC Nikko | Strong Buy | Maintained | 1800 | | 1800 | 1349 |
| 6183 | BELLSYSTEM24 HOLDINGS INC | Mitsubishi UFJ Morgan Stanley | Strong Buy | Maintained | 2100 | | 2100 | 1349 |
| 6268 | NABTESCO CORP | SMBC Nikko | Hold | Maintained | 3100 | | 3100 | 3077 |
| 6273 | SMC CORP | SMBC Nikko | Hold | Maintained | 78000 | | 78000 | 75030 |
| 6301 | KOMATSU LTD | SMBC Nikko | Strong Buy | Maintained | 4500 | | 4500 | 3691 |
| 6302 | SUMITOMO HEAVY INDUSTRIES | SMBC Nikko | Strong Buy | Maintained | 4100 | | 4100 | 3280 |
| 6305 | HITACHI CONSTRUCTION MACHINE | SMBC Nikko | Hold | Maintained | 4100 | | 4100 | 3875 |
| 6323 | RORZE CORP | Macquarie | Strong Buy | Maintained | 14000 | | 14000 | 10350 |
| 6326 | KUBOTA CORP | SMBC Nikko | Hold | Maintained | 2200 | | 2200 | 2020.5 |
| 6361 | EBARA CORP | SMBC Nikko | Strong Buy | Maintained | 8000 | | 8000 | 6725 |
| 6367 | DAIKIN INDUSTRIES LTD | SMBC Nikko | Hold | Maintained | 27000 | | 27000 | 28375 |
| 6383 | DAIFUKU CO LTD | SMBC Nikko | Strong Buy | Maintained | 3200 | | 3200 | 2886.5 |
| 6471 | NSK LTD | SMBC Nikko | Hold | Maintained | 900 | | 900 | 882.2 |
| 6506 | YASKAWA ELECTRIC CORP | Macquarie | Hold | Maintained | 6500 | | 6500 | 5967 |
| 6506 | YASKAWA ELECTRIC CORP | SMBC Nikko | Hold | Maintained | 5900 | | 5900 | 5967 |
| 6586 | MAKITA CORP | SMBC Nikko | Strong Sell | Maintained | 2500 | | 2500 | 3840 |
| 6701 | NEC CORP | Mitsubishi UFJ Morgan Stanley | Strong Buy | Maintained | 7400 | | 7400 | 6691 |
| 6702 | FUJITSU LIMITED | Mitsubishi UFJ Morgan Stanley | Strong Buy | Maintained | 22000 | | 22000 | 18145 |
| 6752 | PANASONIC HOLDINGS CORP | ISS-EVA | Hold | Downgraded | | | | 1656.5 |
| 6758 | SONY GROUP CORP | Goldman Sachs | Strong Buy | Upgraded | 16000 | ↑ | 13500 | 12450 |
| 6758 | SONY GROUP CORP | Macquarie | Strong Buy | Maintained | 15650 | | 15650 | 12450 |
| 6841 | YOKOGAWA ELECTRIC CORP | SMBC Nikko | Hold | Maintained | 2540 | | 2540 | 2648 |
| 6845 | AZBIL CORP | Daiwa Securities | Hold | Maintained | 4600 | ↑ | 4100 | 4421 |
| 6857 | ADVANTEST CORP | ISS-EVA | Strong Sell | Downgraded | | | | 19785 |
| 6954 | FANUC CORP | Macquarie | Strong Buy | Maintained | 6800 | | 6800 | 4709 |
| 6954 | FANUC CORP | SMBC Nikko | Hold | Maintained | 5000 | | 5000 | 4709 |
| 6967 | SHINKO ELECTRIC INDUSTRIES | Jefferies | Hold | New Rating | 6100 | | | 5661 |
| 6988 | NITTO DENKO CORP | SMBC Nikko | Hold | Maintained | 9800 | | 9800 | 9825 |
| 7004 | HITACHI ZOSEN CORP | SMBC Nikko | Strong Buy | Maintained | 1200 | | 1200 | 902 |
| 7011 | MITSUBISHI HEAVY INDUSTRIES | SMBC Nikko | Strong Buy | Maintained | 8400 | | 8400 | 6348 |
| 7012 | KAWASAKI HEAVY INDUSTRIES | SMBC Nikko | Hold | Maintained | 3800 | | 3800 | 3486 |
| 7013 | IHI CORP | SMBC Nikko | Strong Buy | Maintained | 5600 | | 5600 | 3727 |
| 7202 | ISUZU MOTORS LTD | Citi | Strong Buy | Maintained | 2000 | ↓ | 2100 | 1733 |
| 7205 | HINO MOTORS LTD | Citi | Hold | Maintained | 600 | ↑ | 560 | 592.1 |
| 7259 | AISIN CORP | Daiwa Securities | Hold | Downgraded | 4800 | ↓ | 4900 | 4423 |
| 7518 | NET ONE SYSTEMS CO LTD | Mitsubishi UFJ Morgan Stanley | Strong Buy | Maintained | 5700 | | 5700 | 3037 |
| 7733 | OLYMPUS CORP | Morgan Stanley | Strong Buy | Maintained | 2900 | ↑ | 2750 | 2204 |
| 7956 | PIGEON CORP | Jefferies | Hold | Maintained | 2400 | | 2400 | 1969.5 |
| 8056 | BIPROGY INC | Mitsubishi UFJ Morgan Stanley | Hold | Maintained | 3600 | | 3600 | 3355 |
| 8088 | IWATANI CORP | Mitsubishi UFJ Morgan Stanley | Strong Buy | Maintained | 10160 | | 10160 | 7368 |
| 8113 | UNICHARM CORP | Jefferies | Hold | Maintained | 4900 | | 4900 | 5350 |
| 8253 | CREDIT SAISON CO LTD | Mitsubishi UFJ Morgan Stanley | Strong Buy | Maintained | 2620 | | 2620 | 2235.5 |
| 8267 | AEON CO LTD | Okasan Securities | Hold | Maintained | 3100 | | 3100 | 2940 |
| 8267 | AEON CO LTD | Goldman Sachs | Strong Sell | Maintained | 1500 | ↑ | 1400 | 2940 |
| 8267 | AEON CO LTD | Mizuho Securities | Hold | Maintained | 2700 | | 2700 | 2940 |
| 8267 | AEON CO LTD | Nomura Securities | Hold | Maintained | 2500 | | 2500 | 2940 |
| 8267 | AEON CO LTD | SMBC Nikko | Hold | Maintained | 2900 | | 2900 | 2940 |
| 8267 | AEON CO LTD | CLSA | Strong Sell | Maintained | 1550 | ↓ | 1600 | 2940 |
| 8316 | SUMITOMO MITSUI FINANCIAL GR | Mitsubishi UFJ Morgan Stanley | Hold | Maintained | 6000 | | 6000 | 6218 |
| 8411 | MIZUHO FINANCIAL GROUP INC | Mitsubishi UFJ Morgan Stanley | Hold | Maintained | 2310 | | 2310 | 2249 |
| 8439 | TOKYO CENTURY CORP | Mitsubishi UFJ Morgan Stanley | Hold | Maintained | 5300 | | 5300 | 5037 |
| 8570 | AEON FINANCIAL SERVICE CO LT | Tokai Tokyo Research Center | Hold | Maintained | 1310 | | 1310 | 1200.5 |
| 8570 | AEON FINANCIAL SERVICE CO LT | Goldman Sachs | Hold | Maintained | 1270 | ↓ | 1390 | 1200.5 |
| 8570 | AEON FINANCIAL SERVICE CO LT | Mitsubishi UFJ Morgan Stanley | Hold | Maintained | 1460 | | 1460 | 1200.5 |
| 8591 | ORIX CORP | Mitsubishi UFJ Morgan Stanley | Strong Buy | Maintained | 2750 | | 2750 | 2524.5 |
| 8601 | DAIWA SECURITIES GROUP INC | Mitsubishi UFJ Morgan Stanley | Hold | Maintained | 650 | | 650 | 716.3 |
| 8604 | NOMURA HOLDINGS INC | Mitsubishi UFJ Morgan Stanley | Hold | Maintained | 590 | | 590 | 537.2 |
| 8630 | SOMPO HOLDINGS INC | Mitsubishi UFJ Morgan Stanley | Strong Buy | Maintained | 6830 | | 6830 | 6540 |
| 8725 | MS&AD INSURANCE GROUP HOLDIN | Mitsubishi UFJ Morgan Stanley | Strong Buy | Maintained | 5840 | | 5840 | 5099 |
| 8750 | DAI-ICHI LIFE HOLDINGS INC | Mitsubishi UFJ Morgan Stanley | Strong Buy | Maintained | 3180 | | 3180 | 2776 |
| 8766 | TOKIO MARINE HOLDINGS INC | Mitsubishi UFJ Morgan Stanley | Strong Buy | Maintained | 3800 | | 3800 | 3198 |
| 8795 | T&D HOLDINGS INC | Mitsubishi UFJ Morgan Stanley | Strong Buy | Maintained | 2510 | | 2510 | 2154.5 |
| 8905 | AEON MALL CO LTD | SMBC Nikko | Hold | Maintained | 2100 | | 2100 | 1754 |
| 9613 | NTT DATA GROUP CORP | Mitsubishi UFJ Morgan Stanley | Hold | Maintained | 2000 | | 2000 | 1916 |
| 9715 | TRANSCOSMOS INC | SMBC Nikko | Hold | Maintained | 3900 | | 3900 | 3360 |
| 9719 | SCSK CORP | Mitsubishi UFJ Morgan Stanley | Hold | Maintained | 2450 | | 2450 | 2200.5 |
| 9962 | MISUMI GROUP INC | SMBC Nikko | Hold | Maintained | 3500 | | 3500 | 2745 |
| 9984 | SOFTBANK GROUP CORP | Jefferies | Strong Buy | Maintained | 7930 | | 7930 | 6895 |
| | | | | | | | | |
| | TSE Growth | | | | | | | |
| Code | Name | Firm Name | New Rating | Change | New TP | | Former TP | px last |
| 4397 | TEAMSPIRIT INC | SBI Securities Co Ltd | Hold | Maintained | 430 | | 430 | 592 |
| 7373 | AIDMA HOLDINGS INC | Tokai Tokyo Research Center | Strong Buy | Maintained | 6310 | | 6310 | 2700 |
| 7373 | AIDMA HOLDINGS INC | SBI Securities Co Ltd | Strong Buy | Maintained | 10000 | | 10000 | 2700 |