In Japan Daily Round-Up

Topix -0.26%, Y/$106.14
Japan Topix Falls as Signs of Slower U.S. Growth Hurt Sentiment

  • Adastria (2685) +5.5%; August same-store sales +5.5% y/y
  • United Arrows (7606) +4.4%; August same-store sales +12.2% y/y
  • Ryohin Keikaku (7453) +3.8%; August same-store sales +12% y/y
  • Nintendo (7974) +2.6% on speculation the stock will be named this week to join the Nikkei 225 Stock Average
  • Yoshinoya (9861) +0.9%, reaching its highest close since Apr 2007 as stock continues to respond to improving earnings (Storm rating: Trading Buy)
  • Mitsui Chemicals (4183) -1.7%, Air Water (4088) -2.4%; China to collect anti-dumping duties on phenol from U.S., EU, South Korea, Japan and Thailand for five years
  • Sumitomo Heavy Industries (6302) -2.2%; Mitsubishi UFJ Morgan Stanley analyst Mie Yamazaki lowers operating profit estimate for fiscal year ending March to 66.4b yen from 71.8b yen
  • Samsung Starts Replacing Japanese Chip Materials: Yonhap
  • Fast Retailing’s Yanai Wants To See A Woman Succeed Him As CEO
  • Nissan To End Cube Production In Dec.: Kyodo
  • Newest 10-Year JGB Yield Falls to -0.295%; Lowest Since July 2016
  • Japanese Car Sales in Korea Drop 57% Y/y in Aug. Amid Trade Row
  • BoJ’s Kataoka: Additional Easing Is Needed, Important To Take Preemptive Action, Appropriate To Cut Negative Rates Further
  • 5G Stocks Are Among Rare Winners in Japan’s Sluggish Market (Storm ratings on Lasertec, Anritsu, NET One Systems: Positive)
  • Advantest CEO Sees Memory Gear Demand Rebound in January Quarter
  • S&P Upgrades Sony To A-/Stable From BBB+/Positive On Improved Profit
  • Mizuho Bank’s J-Coin Test System Had Unauthorized Access
  • M3 Inc. to Be Added to Nikkei 225 Index, Replacing Tokyo Dome
  • Shimadzu Upgraded to Overweight at Morgan Stanley; PT 3,000 Yen
  • Net One Systems Upgraded to Neutral at Mizuho; PT 2,870 Yen
  • ISID Rated New Outperform at Tokai Tokyo; PT 4,400 Yen
  • Kitz To Acquire 25.1% Stake In Malaysia’s Unimech For MYR61.9m
  • Michael Burry Discloses Investments in Five Japanese Companies: Tosei, Kanamoto, Altech, Murakami, Nippon Pillar Packing
  • Toyota Bought Back 108b Yen Of Shares In August
  • Dalton Investments Cuts Kadokawa Stake To 6.13% From 8.08%
  • T Rowe Price Units Raise Stanley Elec. Stake To 8.92% From 7.1%
  • T. Rowe Price Intl Holds 5.08% Stake In Outsourcing: Filing
  • Office Support, AYA Nomura Raise Toshiba Machine Stake To 6.98% From 5.86%
  • Yahoo Japan to Cancel 27.5% of Shares Sept. 30
  • New 52 week highs (21): NRI, Yoshinoya (Storm rating: Trading Buy), Workman, Lasertec (Storm rating: Positive), Oriental Land, EM Systems
  • New 52 week lows (80): JT, Descente, Pola Orbis, Eisai, Digital Hearts, Right On, SOU, Kayac, Nissan Chem, Nihon Trim, JR Central
  • N/A

Source: Bloomberg, Kurt Schussler

Dip (2379, Positive): +3.6%, making new 6 month absolute & 12 month relative highs. The market continues to reassess earnings prospects in light of its new AI/RPA business. It follows an almost 3 year period of underperformance from Jul 2016 – Apr 2019.
  • Lasertec, PALTAC, Fuji Soft, Adastria, Ryohin Keikaku, Advantest, Disco, Tokyo Electron, Anritsu, Dip, ISID, NET One Systems, Outsourcing