Wed Oct 08 18:00:00 UTC 2025: Okay, here’s a summary of the text, followed by a news article based on it:

**Summary:**

The text is a disclaimer from the Japanese stock information website “Kabutan” (株探). It states:

* The information provided on Kabutan is *not* investment advice. Users are responsible for their own investment decisions.
* Kabutan sources its data from various exchanges and data providers, including the Tokyo Stock Exchange and the Nikkei.
* Stock charts on Kabutan are for historical reference only and do not predict future stock performance or recommend trades.
* The “Surprise Earnings” feature highlights companies whose earnings reports significantly deviate from expectations, but this does not guarantee future performance or constitute investment advice. The “Surprise Ranking” is based on the degree of surprise in the earnings, not investment potential.

**News Article:**

**Kabutan Website Issues Disclaimer on Investment Advice, Emphasizes User Responsibility**

**Tokyo, Japan –** Popular Japanese stock information website “Kabutan” (株探) has issued a clear disclaimer regarding its content, emphasizing that the information provided should not be construed as investment advice. The announcement aims to remind users that all investment decisions are their sole responsibility.

“We want to be perfectly clear: the information on Kabutan is for informational purposes only and is not intended to be investment recommendations,” a statement on the website reads. “Users should conduct their own due diligence and make investment decisions based on their own judgment.”

Kabutan sources its market data from major exchanges and data providers, including the Tokyo Stock Exchange, Osaka Exchange, and Nikkei. The site explicitly states that stock charts are presented to illustrate past stock performance and should not be interpreted as predictions of future value.

Furthermore, the website addressed its “Surprise Earnings” feature, which highlights companies whose earnings reports significantly deviate from expectations. Kabutan clarified that this feature is based on a quantitative assessment of the surprise factor in the earnings results and is not an endorsement of any particular stock. The “Surprise Ranking” is solely based on the degree of the surprise in earnings.

“The ‘Surprise Earnings’ feature is designed to highlight potentially noteworthy earnings reports, but it does not guarantee future stock performance or constitute investment advice,” the disclaimer states. “Users should not rely solely on this feature when making investment decisions.”

Kabutan’s move follows increasing scrutiny of online investment resources and the potential for misinterpreting information as financial guidance. The website’s disclaimer serves as a reminder to investors to conduct thorough research and exercise caution before making any investment decisions.

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