In Japan Daily Round-Up

Topix +0.04%, Y/$105.82
Topix Ekes Out Gains as Trade Dispute Keeps Traders ’Sidelined’

  • Polatechno (4239) +19% to 617 yen/share; trades limit up after Nippon Kayaku launches tender offer at 993 yen
  • Arisawa Mfg (5208) +13%; to buy back up to 3.2b yen of shares; will sell all its Polatechno stake in Nippon Kayaku tender; cuts full-year net income forecast 51% to 1.35b yen
  • Kyowa Kirin (4151) +3%; U.S. FDA approves Nourianz tablets as add-on treatment for Parkinson’s
  • Aoyama Zaisan (8929) +3%; rated new outperform at Iwai Cosmo
  • DyDo (2590) +2.9%; 1H operating profit 2b yen, maintains full-year target at 3.4b yen; high run-rate positive, SMBC Nikko says
  • KDDI (9433) +2.5%; announces new mobile plan with no data cap and Netflix starting at 4,880 yen/month, with cancellation fee lowered to 1,000 yen
  • Kusuri no Aoki (3549) +1.9%; August same-store sales +7.9% y/y
  • Rakuten (4755) -4.6%; drops for 6th day to lowest since March 12 after news of new KDDI plan and Nikkei report that Rakuten is considering investment in logistics companies amid high delivery costs
  • HIS (9603) -2%; says may consider fresh tender offer for Unizo if Fortress offer fails; HIS reported results after close, cut forecasts
  • Toyota to Shift 1,000 Engine Staff to New Fields: Nikkan Kogyo
  • Eisai, Cogstate Tie Up on Cognitive Testing Development in Japan
  • Recruit Shareholders to Sell More Than 386b Yen of Shares
  • Dentsu To Book One-Time Gain Of 28b Yen On Recruit Share Sale
  • British American Files To Raise Tobacco Product Prices In Japan
  • Toyota, Suzuki to Enter Into Capital Alliance, NHK Says
  • Nippon Building Upgraded to Neutral at JPMorgan; PT 828,400 Yen
  • Pan Pacific Intl Reinstated at Nomura With Buy; PT 8,600 Yen (Storm rating: Positive)
  • Nitori Downgraded to Hold at Jefferies; PT 15,800 Yen
  • Bic Camera Cut to Underweight at Morgan Stanley; PT 890 Yen
  • Takeuchi Mfg Downgraded to Neutral at MUFJ-MS; PT 1,600 Yen
  • Kubota Upgraded to Overweight at MUFJ-MS; Price Target 1,800 Yen
  • Alps Alpine Raised to Equal-weight at Morgan Stanley
  • Mitsubishi Corp. to Invest in Utility Venture BBOXX, No Terms
  • Toray to Acquire Airbag Cushion Maker Alva Sweden; No Terms
  • Taiyo Fund Mgmt, Others, Jointly Hold 5% Stake In Topcon
  • Recruit To Buy Back Up To 1.79% Of Shares For 80b Yen
  • Toyota To Acquire About 5% Stake In Suzuki For 120b Yen: NHK
  • Suzuki To Take Stake In Toyota For 60b Yen: NHK
  • New 52 week highs (26): Sanix, NRI, Tosei, Nippon Paint, Bandai Namco, TechMatrix, EM Systems, Nippon View Hotel
  • New 52 week lows (183): W-Scope (Storm rating: Positive), GS Yuasa, CareerIndex, Pacific Metals, Yonex, Metaps, Hosokawa Micron (Storm rating: Negative), Pola Orbis, Zenrin, Kureha, Alfresa, Seed, Jamco, Endo Lighting, Daiwabo, Unitika, Tsumura, Outsourcing, Nihon Trim, Wellnet, Takeda Pharm, Towa Pharm, Signpost
  • HIS Reports 9-Month Group Earnings Results: 1-3Q OP Y11.3bn +18%YoY. 10/19 OP cut Y20bn to Y16bn -11%YoY

    Source: Bloomberg, Kurt Schussler

Hosokawa Micron (6277, Negative): -3%, making a new 12 month low as slower capex relating to US-China trade issues weighs on orders.