TRUST Holdings Inc.

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.

Tokyo Tsushin Group surged sharply. On July 16, the previous day, the company disclosed materials outlining a capital policy aimed at enhancing shareholder value and the holding plan of its largest shareholder, Trust Holdings, which has been positively received by the market.