In Japan Daily Round-Up

Topix +0.79%, Y/$105.71
Japan’s Topix Rebounds After Sliding to Lowest Since January

  • Akebono Brake (7238) +11%; names Nidec’s Yasuhiro Miyaji as CEO
  • Sega Sammy (6460) +6.6%; received approval for Pachislot Hokuto No Ken Tenshou machine
  • Subaru (7270) +4.9%; raised to outperform from neutral at Credit Suisse
  • Maruwa Unyu Kikan (9090) +4.8%; to split stock 2-for-1
  • Obara Group (6877) +3.8%; boosts planned 2H dividend to 70 yen/share from 50 yen
  • DeNA (2432) +2.9%; climbs after Nintendo says it will launch Mario Kart Tour smartphone game on Sept. 25
  • Kitanotatsujin (2930) +7.6%; rebounds sharply following mid-Aug sell-off (Storm rating: Positive)
  • Taiyo Nippon Sanso (4091) -1.6%; cut to neutral from buy at Citi
  • Rakuten (4755) -1.5%; government asks company to quickly secure enough locations for base stations to provide stable service and to make monthly reports
  • Ctrip & Aichi Prefecture Sign Pact To Promote Inbound Tourism
  • Trump Says Not Looking At Auto Tariffs For Japan At This Moment
  • Abe: Oct. Sales Tax Hike Needed To Maintain Trust In Country
  • Ghosn-Run Business Shogun Invested in Startups Skurt, Grab: DJ
  • Keystone Partners To Set Up 50b Yen Private Debt Fund: Nikkei
  • JFE Chemical, Baowu Carbon To Set Up Battery Material Venture
  • Lawson To Trial Delivery Via Uber Eats In Tokyo From Thurs.
  • Nippon Kayaku To Offer 993 Yen/Share For Polatechno Shares, Spend Up To 13.8b Yen
  • Kusuri No Aoki August Same-Store Sales +7.9%
  • Pan Pacific Intl Cut to Neutral at Okasan Securities (Storm rating: Positive)
  • JSR Upgraded to Buy at Okasan Securities; PT 2,000 Yen
  • Square Enix Rated New Outperform at Tachibana Securities
  • Panasonic Downgraded to Neutral at Citi; PT 820 Yen
  • Aoyama Zaisan Rated New Outperform at Iwai Cosmo; PT 1,800 Yen
  • Sumitomo Corp. Takes Stake In Israeli Agritech Startup Cropx
  • SWCC Showa To Buy Fujikura’s Stake In Joint Venture Unimac
  • Effissimo Raises Stake In Nissan Shatai To 24.51% From 23.44%
  • Arisawa Manufacturing (5208) to buy back up to 3.2b yen of shares; will sell all its Polatechno stake in Nippon Kayaku tender
  • Kozosushi to Sell Preferred Shares, Warrants to JFLA, Evo Fund
  • New 52 week highs (32): Create Restaurants, Nippon Paint, EM Systems, Tokyo Tatemono, Nippon View Hotel, Round One, Capcom, Sanix, NRI,
  • New 52 week lows (110): Seed, Metaps, Furukawa Battery, Outsourcing, Descente, Tsubakimoto Chain, Wellnet, Yonex, Endo Lighting, Zenrin, W-Scope (Storm rating: Positive), CareerIndex
  • DyDo Reports Half-Year Group Earnings Results: 1H OP Y2bn -38%YoY

Source: Bloomberg, Kurt Schussler

  • Dip (2379, Positive): +3%, making a new 8 month high as the market continues to digest the combination of consistently strong earnings & potential for its new AI/RPA business.