JAPAN DAYBOOK: Prius May Fall From Top of Best-Selling List

Toyota’s Prius may end its streak as Japan’s best-selling car when automakers report January sales by model at 11 a.m.

WHAT TO WATCH *Finance minister briefing 8:25 a.m. after cabinet meeting. *Auto sales by model for January 11 a.m.

EARNINGS (Times may change) *Sumitomo Metal Industries (5405 JT) 10:30 a.m. *Teijin (3401 JT) 11:30 a.m. *Mitsubishi Estate (8802) 1 p.m. *Don Quijote (7532 JT) 3 p.m. *Fuji Heavy Industries (7270 JT) 3 p.m. Inpex Corp (1605 JT) 3 p.m. *Mitsui Engineering (7003 JT) 3 p.m. *Mitsui Fudosan (8801 JT) 3 p.m. *NTT (9432 JT) 3 p.m.

EQUITY PREVIEW *Culture Convenience Club (4756 JT) will be taken private in a management buyout for 600 yen a share. *Hitachi (6501 JT) raised its net income forecast for the year ending March 31 to 230 billion yen from 200 billion yen. *Mitsumi Electric (6767 JT) widened its full-year net loss forecast to 3.9 billion yen from 1.5 billion yen after raw- material costs rose. *Nippon Steel (5401 JT) and Sumitomo Metal Industries (5405 JT) will seek to merge by October next year. Oriental Land (4661 JT) raised is full-year operating profit forecast 14 percent to 56.5 billion yen. The company will spend as much as 21 billion yen to buy back up to 3.3 percent of its outstanding shares. *Sapporo Holdings (2501 JT) raised its full-year net income estimate to 10.7 billion yen from 7 billion yen. *Shinsei Bank (8303 JT) raised its full-year net income forecast to 43 billion yen from 12.5 billion yen. The increase was reported by the Nikkei newspaper before trading closed yesterday. *Softbank (9984 JT) raised its annual profit forecast 20 percent to 600 billion yen. *Sony’s (6758 JT) third-quarter net income of 72.3 billion yen beat analysts’ estimates of 65.9 billion yen.

ANALYST RATINGS FOR NIKKEI 225 COMPANIES *Nippon Paper (3893 JT) raised to outperform at Daiwa.

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