JAPAN DAYBOOK: Nissan Earnings, Moody’s on Sovereigns

Nissan Motor Co. reports earnings and Thomas Byrne of Moody’s discusses sovereign ratings.

WHAT TO WATCH *IMF Deputy Managing Director Naoyuki Shinohara and Ministry of Finance Vice Minister Takehiko Nakao speak at a conference on banking supervision 9:30 a.m. *Panasonic (6752 JT) and Tokyo Gas (9531 JT) brief on household fuel-cells 10:30 a.m. *Fujitsu (6702 JT) briefs on computer systems 11 a.m. *NEC (6701 JT) briefs on platform business 11 a.m. *Office vacancy rate 11 a.m. *Consumer confidence for January 2 p.m. *Machine tool orders for January 3 p.m. *Moody’s analyst Thomas Byrne speaks to media on sovereign ratings 3 p.m. *Prime Minister Naoto Kan and opposition leader Sadakazu Tanigaki debate in parliament 4 p.m.

EARNINGS (Times may change.) *Aiful (8515 JT) 3 p.m. *Showa Denko (4004 JT) 3 p.m. *Pioneer (6773 JT) 3:30 p.m. *Nissan (7201 JT) 4:30 p.m. *Asahi Glass (5201 JT) NA *Citizen Holdings (7762 JT) NA *Japan Petroleum (1662 JT) NA *THK (6481 JT) NA

EQUITY PREVIEW *Asahi Breweries (2502 JT) forecast 2011 net income will climb 7.4 percent to 57 billion yen. *DCM Holdings (3050 JT) will cancel 1.3 percent of its shares. *Mitsubishi Materials (5711 JT) cut its full-year net income outlook 44 percent to 10 billion yen, and raised its annual operating profit projection 20 percent to 54 billion yen. *Nippon Shokubai (4114 JT) raised its full-year net income forecast 23 percent to 19 billion yen. *Santen Pharmaceutical (4536 JO) plans to raise 5.64 billion yen from a sale of treasury shares to the Development Bank of Japan. *Secom Techno Service Co. (1742 JT): Secom Co. (9735 JT) offered 3,500 a share to buy out Secom Techno Service. *Shimano (7309 JO) forecast a 15 percent gain in net income to 22 billion yen this year. *SMC Corp. (6273 JT) raised its planned year-end dividend to 60 yen a share from 50 yen. *Toyota Motor (7203 JT) raised its full-year profit forecast 40 percent to 490 billion yen. A U.S. review found unintended acceleration in some models was rooted in mechanical flaws rather than electronics defects.

ANALYST RATINGS FOR NIKKEI 225 COMPANIES *Dowa Holdings (5714 JT) cut to underweight at JP Morgan. *Kawasaki Kisen (9107 JT) cut to underperform at Macquarie. *Mitsui O.S.K. (9104 JT) cut to neutral at Macquarie. *Nippon Yusen (9101 JT) cut to neutral at Macquarie. *Konami (9766 JT) raised to outperform at Mitsubishi UFJ. *Tokyo Electric Power (9501 JT) raised to outperform at Mitsubishi UFJ. *Obayashi (1802 JT) cut to neutral at Nomura. *Pac Metals (5541 JT) initiated buy at Daiwa.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.