Nippon Ichi Software Hits Limit-Up, GungHo Rises on SME Partnership

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On the Tokyo stock market on August 31, the Nikkei average fell, closing at 66,311.93 yen, down 93.63 yen from the previous day. Following the sell-off in the U.S. market last Friday due to concerns about early interest rate hikes, the domestic market also saw selling from the morning, with the decline temporarily exceeding 1,000 yen. Amid this, Nippon Ichi Software announced an upward revision to its full-year earnings forecast, citing contributions from 'Hono Kurashi no Niwa,' which was well received, and the stock was bought up to a temporary limit-up. GungHo announced a capital and business alliance with Sony Music Entertainment (SME), with SME expected to become the largest shareholder, attracting interest and leading to a continued rise. Akatsuki also continued to rise, as Tokai Tokyo Securities maintained its 'Outperform' rating and raised its target price from 3,820 yen to 5,460 yen. U-NEXT HD rebounded after its group company U-NEXT concluded a comprehensive and strategic partnership with NBCUniversal in Japan.

Impact on assets 4

Communication Services▲
Gungho Online Entertainment, Inc.
3765
▲ PositiveCapitalrelevance

GungHo announced a capital and business alliance with Sony Music Entertainment, which is expected to become its largest shareholder.

Nippon Ichi Software, Inc.
3851
▲ PositiveCapitalrelevance

Nippon Ichi Software raised its full-year earnings forecast on strong reception of 'Hono Kurashi no Niwa,' driving the stock to limit-up.

Aging Population▲
Akatsuki Corp.
8737
▲ PositiveCapitalrelevance

Tokai Tokyo Securities maintained its 'Outperform' rating and raised Akatsuki's target price from 3,820 to 5,460 yen.