• Rotated out as recent market performance lagged, with price returns of -5.3% over three months and -4% over six months. • Trading at ~84% of its 52-week high, suggesting momentum has slowed despite the positive 1-year return of 18.8%. • Revenue growth appears modest at 4.5%, potentially falling short against more dynamic competitors in the tech accessories sector. • Company maintains solid fundamentals with an attractive 3% dividend yield, 13% dividend growth, and reasonable P/E ratio of ~13. • Analyst targets suggest ~25% upside potential (fair value 2175-2459 JPY vs current 1730 JPY), indicating continued confidence in the business. • This change reflects portfolio rotation toward more compelling near-term opportunities, not a sell signal.