In Japan Daily Round-Up

Topix +0.04%, Y/$106.33
Japan Stocks Eke Out Tiny Gain as Focus Shifts to Powell Remarks

  • Raksul (4384) +9.1%; to move listing to TSE1 from Mothers
  • Star Micronics (7718) +6%; raised to buy from neutral at Mizuho
  • Shiseido (4911) +5.6%, Fancl (4921) +2.7%, Pigeon (7956) +2%, Kose (4922) +1.9%; visitors to Japan climbed 5.6% y/y in July, as 20% rise from China helped offset 7.6% drop from South Korea
  • Kanto Denka (4047) +4.6%; Effissimo Capital raises stake to 7.06% from 5.76%
  • Asahi Intecc (7747) -9.2%; near-term earnings to be “stagnant,” Mitsubishi UFJ Morgan Stanley says
  • Yamato Kogyo (5444) -2.7%; SMBC Nikko sees deterioration in steel price spreads
  • King of the Hills Reshaping Tokyo With $5.4 Billion Development
  • Japan’s Yokohama City to Seek Selection For Casino, Mayor Says
  • SoftBank Will Let People Invest in IPOs With Less Than $10
  • Japan, Europe to Remain Key Suppliers of China’s Robot Parts
  • Anritsu Jumps After 5G Demand Powers Keysight Results Beat (Storm Rating: Positive)
  • Tech Bureau to discontinue crypto exchange business
  • Tepco to Expand Home Electricity Sales to Tohoku, Kyushu: NHK
  • Nitori (9843): August same-store sales +8.9% y/y
  • Philip Morris Japan to Cut IQOS Prices on Aug. 26
  • Toyota to Raise 2H Supplied Steel Prices by JPY4,000/Ton: Nikkei
  • Tokyo Century Downgraded to Neutral at Tokai Tokyo; PT 4,600 Yen
  • Shin-Etsu Chemical Raised to Outperform at Tokai Tokyo
  • Renesas Downgraded to Neutral at Mizuho; Price Target 600 Yen
  • FamilyMart Upgraded to Neutral at Mizuho; PT 2,400 Yen
  • Aeon Financial Downgraded to Neutral at Daiwa; PT 1,600 Yen
  • Lasertec Downgraded to Neutral at Marusan Securities (Storm Rating: Positive)
  • Taiyo Life to Buy 35% Stake in Myanmar’s Capital Life: Nikkei
  • Baillie Gifford Units Hold 5.56% Stake in Mixi: Filing
  • Baillie Gifford Units Cut JPX Stake to 6.6% From 7.67%
  • Baillie Gifford Units Raise Stake in Sysmex to 7.11% From 5.15%
  • Baillie Gifford Units Cut Advantest Stake to 6.77% From 8.31%
  • Capital Research Units Raise Shin-Etsu Chemical Stake to 6.08%
  • Capital Research Raises Sony Financial Stake to 6.68% From 5.41%
  • Marathon Asset Management Holds 6.2% Stake in Jafco: Filing
  • Ichigo Asset Mgmt Raises Stake in Unizo HD to 6.64% From 5.56%
  • Ichigo Asset Mgmt Raises Haseko Stake to 15.3% From 14.3%
  • FMR LLC Raises Tsuruha Holdings Stakes to 7.41% From 6.38%
  • Mitsubishi Pencil (7976): To buy back up to 1.68% of shares for 1.8b yen
  • New 52 week highs (29): Softbank, TechMatrix, JCR Pharmaceuticals, Tokyo Electron, Prestige International, Bandai Namco, Honeys Holdings, Kotobuki Spirits,, Tosei, Yoshinoya Holdings (Storm Rating: Trading Buy)
  • New 52 week lows (107): Eiken Chemical, Nipro, Fuji Oil Holdings, Avex, GS Yuasa, Hotto Link, Seven Bank, TSI Holdings, Takeda Pharmaceutical, Samantha Thavasa, Daio Paper, Furukawa Battery, Mitsubishi, Kura Sushi, Yamato Holdings, W-Scope (Storm Rating: Positive)
  • Ryoyo Electro Reports Group Half-Year Earnings Forecasts <↑>: 1H OP raised Y210m to Y1.1bn +34%YoY

    Source: Bloomberg, Kurt Schussler

Advantest, Anritsu, Avex, Daio Paper, Eiken Chemical, Fuji Soft, Furukawa Battery, GS Yuasa, Haseko, Honeys Holdings, Hotto Link,, Kanto Denka, Kura Sushi, Lasertec, Menicon, Nipro, Pigeon, Pressance, Prestige, Raksul, Samantha Thavasa, Shiseido, TechMatrix, TechnoPro, Tokyo Electron, Tosei, UUUM, Welbe, W-Scope