Tokyo Communications Group,Inc.

The Tokyo stock market rose for a third straight day on August 13, with the Nikkei Stock Average closing at 68,308.59, up 784.53 points from the previous trading day. In the game and entertainment sector, decliners outnumbered gainers among the 99 registered stocks, with 42 rising and 50 falling. Mobile game maker Akatsuki rebounded after swinging to an operating profit of 690 million yen in its first quarter results. Tokyo Tsushin Group surged after posting double-digit profit growth in all three segments in its second quarter results. Nippon Ichi Software rose for a fifth consecutive day on the announcement that its new title Village in the Shade will be released on October 27. Meanwhile, Cover fell after reporting a sharp profit decline in its first quarter results.

Tokyo Communications Group surged. The company reported its second quarter results on August 12, the previous day, with all three segments—media, platform, and fan business—achieving double-digit profit growth, resulting in a substantial overall profit increase. In addition, the company announced that the previously included note regarding material events related to going concern assumptions has been removed, and the market appears to be reacting positively to this news.

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.