In Japan Daily Round-Up

Topix +1.46%, Y/$106.37
Japanese Stocks Jump as Trade Optimism Lifts Market Sentiment

  • DIC (4631) +7.6%; climbs after agreeing to buy BASF SE’s pigments business for 985m euro
  • Olympus (7733) +6.8%; to buy back 6.22% of shares for 99b yen, including purchase of all of Sony’s 5.03% stake for 80.4b yen; Sony (6758) +2.3%
  • Alps Alpine (6770) +5.8%, Taiyo Yuden (6976) +5.3%, Advantest (6857) +4.4%, RS Tech (3445) +4.2% (Storm rating: Positive), TDK (6762) +4.1%, Disco (6146) +2.7%, Fanuc (6954) +2.7%; tech stocks strong after China said it wouldn’t immediately retaliate against U.S. tariffs and Apple announced it will unveil new iPhones on Sept. 10
  • Rakuten (4755) +4.9%; upgraded to buy from neutral at Goldman
  • Stella Chemifa (4109) +4.7%; Japan approved export of hydrogen fluoride to South Korea for first time since tightening export regulations, MBC TV reported
  • Hitachi Capital (8586) +3.8%; to pay special dividend of 40 yen/share
  • Omron (6645) +3.5%; raised to buy from neutral at Mizuho
  • Nissin Foods (2897) +3.4%; upgraded to buy from neutral at Goldman
  • Meidensha (6508) +3%; plans 2Q dividend of 25 yen/share vs 4 yen year ago
  • Hirose Electric (6806) +3%; raised to neutral from underweight at Mitsubishi UFJ Morgan Stanley
  • Mitsubishi Heavy (7011) +2.2%; raised to overweight from neutral at JPMorgan
  • Citizen Watch (7762) +2.1%; to retire 1.87% of shares on Sept. 30
  • Park24 (4666) -8.7%; 3Q operating profit 4.7b yen vs analyst estimate 5.8b yen
  • Yamazaki Baking (2212) -4%; downgraded to sell from neutral at Goldman
  • Ariake Japan (2815) -1.7%; cut to neutral from buy at Goldman
  • Nippon Steel To Cut Capital Spending 10% In 3yrs To 2020: Nikkei
  • ‘Anti-groping’ device that marks attackers with invisible ink sells out within 30 minutes in Japan
  • Saudi Aramco Leans Toward Tokyo for International IPO – DJ
  • Daiwa Securities, Digital Garage To Set Up 20b Yen Fund: Nikkei
  • Japan July Job-To-Applicant Ratio Is 1.59, Est 1.61; Japan July Jobless Rate 2.2%; Est 2.3%
  • Tokyo Aug. Core Consumer Prices Rise 0.7% Y/Y; Est. 0.8%
  • Japan July Industrial Output Rises 1.3% M/M; Est. 0.3%
  • Peach Aviation To Halt Routes Between Japan, S.Korea: Yomiuri
  • Late-Night Airport Arrivals About to Become Easier at Japan’s Narita
  • Tsuruha (3391): August same-store sales +2.2% y/y
  • Sansan Rated New Positive at Storm Research
  • Yaskawa Electric Upgraded to Buy at Daiwa; PT 4,650 Yen
  • Itochu Invested In Funding Matching Site Co. Crowdport: Nikkei
  • Ardisia Investment Holds 5.27% Stake In Leopalace21: Filing
  • Hachijuni Bank To Buy Back Up To 1.71% Of Shares For 3b Yen
  • Threadneedle Japan Buys More Lasertec (Storm rating: Positive), Cuts Kirin
  • New 52 week highs (24): NRI, Oriental Land, Takara Leben, Sanix, Yellow Hat, EM Systems, WirelessGate, Nippon Paint, DeNA, Round One
  • New 52 week lows (61): Shibaura Elec, Gfoot, Watts, Sogo Medical, Nihon Trim
  • Tanseisha Reports Group Half-Year Earnings Forecasts <↑>: 1H OP raised Y2bn to Y2.5bn -12%YoY
  • Ain Holdings Reports 1st-Qtr Group Earnings Results: 1Q OP Y3.9bn +14%YoY

    Source: Bloomberg, Kurt Schussler

Anritsu (6754, Positive): stock +3.2% & approaching a 4 month high, arguably playing catch-up with competitor Keysight following the latter’s record 3Q earnings & subsequent all-time high stock price.

https://stormresearch.co.uk/wp-content/uploads/_pda/2019/08/10-recent-report.jpg?t=5d679020542ea

• Advantest, Ain, Anritsu, Disco, Lasertec, LeoPalace21, PALTAC, Park24, Rakuten, Sogo Medical, Stella Chemifa, Takara Leben, WirelessGate

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