In Japan Daily Round-Up

Topix +0.28%, Y/$106.62
Japan’s Topix Caps First Weekly Gain in Four Ahead of Powell

  • Mitsubishi Pencil (7976) +6.8%; to buy back up to 1.68% of shares for 1.8b yen
  • FamilyMart UNY (8028) +6.1%; raised to neutral from underperform at Mizuho
  • Hosoya Pyro-Engineering (4274) +5%, Howa Machinery (6203) +4.3%, Ishikawa Seisakusho (6208) +3.5%; defense-related stocks rise after South Korea said it will withdraw from intelligence-sharing agreement with Japan
  • HIS (9603) +3.8%; will withdraw from bidding for stake in Unizo, Nikkei Business reports
  • Gunosy (6047) +3.7%; upgraded to outperform from neutral at SMBC Nikko
  • Daido Steel (5471) +3.3%, Nippon Steel (5401) +2%, JFE (5411) +1.8%; Toyota to raise 2H special steel prices 7,000 yen/ton, Nikkei says
  • Ryoyo Electro (8068) +1.6%; lifts 1H operating profit forecast 25% to 1.06b yen
  • Nitori (9843) +1%; August same-store sales +8.9% y/y
  • Taiyo Yuden (6976) -3.4%; cut to sell from buy at CLSA
  • Tokyo Century (8439) -1.7%; downgraded to neutral from outperform at Tokai Tokyo
  • Murata (6981) -1.5%; cut to sell from underperform at CLSA
  • Toto (5332) -1.2%; cut to neutral from buy at Citi
  • Japan Inflation Hovers at Two-Year Low as BOJ Easing Talk Grows; Japan July Core Consumer Prices Rise 0.6% Y/y; Est. +0.6%
  • BOJ Rate Cut More Likely as Japan Bond Yields Sink, Says Shirai
  • Japan’s First Minus-Yield Agency Bond Prices as Rates Plunge
  • Foreign Investors Wipe Out Abenomics-Led Stocks Boost, Citi Says
  • South Korea to Withdraw From Japan Intel Pact to U.S. Chagrin
  • Boeing Suppliers in Japan Rise on Optimism of 737 Max Return
  • Nissan Plans Big Yen Bond as Tough Times Continue Post-Ghosn
  • Ghosn’s Wife Asks Macron to Discuss Husband With Abe at G-7
  • Japan’s Idemitsu Says Hokkaido Refinery Hit by Fire
  • SMBC Card: Found Unauthorized Logins to Members’ Smartphone App
  • Security Bank Has Room for More Partnerships With MUFG, CEO Says
  • Nippon Life, Sompo to Invest in Cancer-Check Venture: Kyodo
  • Nomura (8604): Executed incorrect number of shares in off-auction Tostnet trade of Shinoken Group (8909), 17m vs 1.7m planned
  • Advantest Upgraded to Neutral at Mizuho; PT 4,000 Yen
  • Fullcast Upgraded to Buy at Mizuho; Price Target 2,300 Yen
  • Daito Construction Rated New Underperform at BofAML
  • Daiwa House Rated New Buy at BofAML; PT 4,600 Yen
  • FMR LLC Raises Joint Stake in Hoya Holdings to 6.13% From 5.05%
  • New 52 week highs (23): Honeys Holdings, Tosei, Fuji Kyuko, Softbank, Oriental Land, Nippon View Hotel, Yoshinoya Holdings (Storm Rating: Trading Buy)
  • New 52 week lows (103): Jtec, TSI Holdings, Furukawa Battery, Nipro, Daiken Medical, Avex, CareerIndex, Kura Sushi, Eiken Chemical, Macromill, Toyo Kanetsu, Denka, W-Scope (Storm Rating: Positive)
  • N/A

Source: Bloomberg, Kurt Schussler