PRE-MARKET JAPANESE STOCK NEWS: Highlights include: Nitto Denko (6988 JT) H1 operating profit is said to have risen 40% to around JPY 60bln vs. Exp. range JPY 55bln-56.5bln
Docomo (9437 JT)
- Co. is said to sell Nippon Life Insurance policies at its stores. (Nikkei)
Fujitsu (6702 JT)
- Co. is to shut its German Research & Development centre which would affect 600 jobs. (DPA)
Nitto Denko (6988 JT)
- Co. H1 operating profit is said to have risen 40% to around JPY 60bln vs. Exp. range JPY 55bln-56.5bln. (Nikkei)
Nomura Real Estate (3231 JT)
- Co. H1 operating profit is said to be around JPY 38bln vs. Exp. range JPY 32.6bln-36bln. (Nikkei)
Orix (8591 JT)
- Co. cancelled its plan to purchase a stake in Hyundai Securities. (Newspim)
Screen Holdings (7735 JT)
- UMC purchased TWD 517.6mln of machinery from Co.’s unit. (BBG)
Showa Denko (4004 JT)
- Co. 9month operating profit is said to have risen by 40% to around JPY 25bln due to the turnaround in its main petrochemical business. (Nikkei)
Takata (7312 JT)
- US indicated that the faulty airbag investigation may expand beyond the current 11 automakers. (RTRS)
Toshiba (6502 JT)
- Co. partner SanDisk is said to be in advanced discussions to sell itself to Western Digital. (BBG)
Nintendo (7974 JT), Sony (6758 JT)
- US September total video game revenues fell 9% Y/Y to USD 1.01bln according to the NPD. (BBG)
- Nintendo 9month 3D3 hardware sales rose 25% Y/Y. (BBG)
Sony (6758 JT)
- Co. and Indosat are said to start a smartphone e-money service in Indonesia. (Nikkei)
KDDI (9433 JT)
- Co. is to begin electric retail service as it plans to apply as a registered electric seller. (Yomiuri)
Mitsui Fudosan (8801 JT)
- Co. unit could be punished by Japan for the construction of a titled Yokohama apartment. (Nikkei)
Shipping stocks
- Oil tanker rates experienced their biggest drop since August. (BBG)
Tech Stocks
- IBM (IBM) Q3 EPS cont. ops USD 3.34 vs. Exp. USD 3.30; cuts FY Adj. EPS forecast. (BBG)
Broker Moves
- NSK (6471 JT) downgraded to neutral at Mitsubishi UFJ Morgan Stanley.
- KDDI (9433 JT) upgraded to buy at Deutsche Bank.
- Mizuho (8411 JT) upgraded to overweight at Barclays.
- Disco (6146 JT) upgraded to buy from neutral at UBS.
20 Oct 2015 - 00:30- EnergyGeopolitical- Source: BBG/Nikkei/RTRS/DPA
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