Tokyo Communications Group Surges on Major Shareholder’s Long-Term Holding Policy

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2▲2 ▼0Impact / 5
Summary · why it matters

On the morning of July 17, Tokyo Communications Group surged sharply. The previous day, the company announced a capital policy aimed at enhancing shareholder value, and its top shareholder Trust Holdings declared a medium- to long-term holding policy, which was well received. Meanwhile, Sanrio hit a year-to-date high before succumbing to profit-taking and ending slightly lower. Marusan Securities maintained its buy rating on Sanrio and raised its target price from 1,620 yen to 1,850 yen. Among the 99 registered game and entertainment stocks, 34 rose, 61 fell, and 4 were unchanged, with sellers dominating.

Impact on assets 4

Communication Services▲ · 1 stocks
Real Estate▲ · 1 stocks
TRUST Holdings Inc.
3286
▲ PositiveCapitalrelevance

As top shareholder, declared medium- to long-term holding policy, supporting the stock.

Consumer Discretionary▲ · 1 stocks
Sanrio Co. Ltd.
8136
± MixedCapitalrelevance

Hit year-to-date high then fell on profit-taking; Marusan Securities maintained buy rating and raised target price.

Financials▲ · 1 stocks
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