Thu Sep 11 10:20:00 UTC 2025: Okay, here’s a summary and a news article based on the provided text:

**Summary:**

The text is a disclaimer for the “Kabutan” (株探) stock information website. It states that the information provided is not intended as investment advice, and users should make their own investment decisions. The website sources its data from various exchanges and providers, including the Tokyo Stock Exchange and the Nikkei. The historical stock charts and “surprise earnings” analysis are for informational purposes only and do not guarantee future performance or recommend any specific trades.

**News Article:**

**Kabutan Website Issues Investment Disclaimer, Cautions Users Against Sole Reliance on Site’s Data**

**Tokyo, Japan -** Popular Japanese stock information website “Kabutan” (株探) has issued a clear disclaimer, reminding users that the information provided on the site is not intended as investment advice. The statement emphasizes that all investment decisions should be made independently by the user, based on their own research and risk tolerance.

“We want to be absolutely clear that the data and analysis we provide on Kabutan are for informational purposes only,” said a spokesperson for the website. “While we strive to offer accurate and timely market data, sourced from reputable institutions such as the Tokyo Stock Exchange and the Nikkei, it is crucial that users understand that this information should not be interpreted as a recommendation to buy or sell any specific security.”

The disclaimer specifically addresses the website’s use of historical stock charts, clarifying that these charts are intended to illustrate past price movements and should not be used as predictors of future performance. The site also highlights the “surprise earnings” feature, which identifies companies with unexpectedly strong financial results. However, Kabutan stresses that this analysis is based on a formulaic calculation of “surprise degree” and does not constitute a recommendation to invest in those companies.

The move comes amid increasing scrutiny of online investment platforms and the potential for inexperienced investors to be misled by readily available market data. Kabutan’s disclaimer serves as a reminder of the importance of due diligence and independent financial planning.

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