In Japan Daily Round-Up

Topix -0.44%, Y/$106.19
Topix Dips With Latest U.S. Tariff Keeping Lid on Trading Volume

  • Tri Chemical Lab (4369) +12%; 1H operating profit 1.15b yen vs company guidance 1.02b yen
  • Uchida Yoko (8057) +8.6%; full-year operating profit +30% y/y to 3.8b yen; targets OP of 3.9b yen for current FY
  • Pacific Metals (5541) +6.7%, Sumitomo Metal Mining (5713) +2.3%; nickel surged after Indonesia confirmed ban on raw-ore exports as of end-December
  • Hachijuni Bank (8359) +2.1%; to buy back up to 1.71% of shares for 3b yen
  • Japan Post Insurance (7181) +1.9%; plans return to normal policy sales Oct. 1
  • DeNA (2432) -9.3%; slides most since May 2018, erasing last week’s 5.8% gain on Pokemon Masters launch
  • en-japan (4849) -6.7%; PT lowered to 3,900 yen from 4,300 yen at SMBC Nikko, neutral maintained
  • Yamada Denki (9831) -3.4%; downgraded to sell from neutral at Goldman
  • Mazda (7261) -2.3%; PT cut to 1,250 yen from 1,550 yen at SMBC Nikko, neutral maintained
  • Eisai (4523) -1.7%; PT lowered to 5,500 yen from 7,300 yen at Nomura, neutral maintained
  • Ain Holdings (9627) -1.6%; 1Q operating profit 3.9b yen vs analyst estimate 4.2b yen
  • Japan Mulls Tax Break On Tender Offers Paid With Shares: Nikkei
  • Toshiba: Completed Withdrawal From U.S. Lng Business On Aug. 30; To Book 90b Yen Related Charge In Fy Ending March 2020
  • BYD, CATL to Start Selling Storage Batteries in Japan: Nikkei
  • Japan to Set Up Police Unit For Islands Disputed With China: NHK
  • Japan 2Q Capital Spending Rises 1.9% Y/y; Est. +1.7%
  • LG Succeeds in Replacing Japanese Hydrogen Fluoride: Maeil
  • Sakura hostile takeover a breakthrough for Japan Reits (FT)
  • Fanuc, Hitachi, Docomo to Work On Factory Development Using 5G
  • A Uniqlo Store In S.Korea To Close;4th Closure Since July: Daily
  • Paypay Starts Offering Japan Utility Bill Payment Service
  • Daiwa Expects Stronger Topix in 2nd Half, Sees Bottom in October
  • JT To Transfer Japan Hiv Drug Mkting Approvals To Gilead Dec. 1
  • Nomura, NRI Set Up Joint Venture for Blockchain Platform
  • Kyocera, Ube Industries Form 5G Ceramic Filter Joint Venture
  • Japan Display: Formed New Short-Term Loan Agreement With INCJ. To Borrow Addl 20b Yen From INCJ; Total Amount Now 60b Yen
  • Workman (7564): August same-store sales +54.7% y/y
  • Dena’s Pokemon Masters Game Gets 10m Downloads In 4 Days
  • Heroz Joins Softbank-Toyota Monet Consortium
  • Asahi Intecc Target Cut to Y3,100 From Y3,500 by Daiwa Securities
  • Toray Industries Cut to Underperform at Jefferies; PT 600 Yen
  • Sumitomo Dainippon Cut to Underperform at Credit Suisse
  • Tosho Downgraded to Neutral at Ichiyoshi Research
  • Toshiba Completes About 85% of 700b Yen Buyback as of Aug.
  • JPMorgan Japan Equity Adds Japan Elevator Service, Exits Trend Micro
  • Universal Ent. To Buy Back Up To 1.28% Of Shares For 3b Yen
  • Nomura Bought Back 18.5b Yen Of Shares In August
  • Hotland To Raise Up To 3.9b Yen In Share Sale
  • Familymart Jointly Holds 5.02% Stake In Pan Pacific Intl (PPIH Storm rating: Positive)
  • New 52 week highs (25): NRI, Hitachi Chemical, Lasertec (Storm rating: Positive), Sanix, Polatechno, Workman, Oriental Land, Advantest, WielessGate,, Takara Leben, EM Systems
  • New 52 week lows (64): Taisho Pharm, Digital Hearts, Sumitomo Dainippon Pharma, Daiwabo, Nihon Trim
  • Ito En Reports 1st-Qtr Group Earnings Results: 1Q OP Y6.2bn +2%YoY
  • Laox Reports Half-Year Group Earnings Results: 1H OP -Y2.4bn
  • Pigeon 2Q Op. Falls 13% Y/y; Notes Weakening Inbound Demand

    Source: Bloomberg, Kurt Schussler

Lasertec (6920, Positive): +3.5%, reaching a new all-time high as ongoing leading edge investment & increasing EUV related sales drive earnings.

Ain, Lasertec, PALTAC, en-Japan, Fuji Soft, WirelessGate,, Takara Leben, Menicon