JAPAN DAYBOOK: Industrial Production, Nintendo 3DS Sales
Stock Chart for Nintendo Co Ltd (7974)
Industrial production figures are released, with economists surveyed by Bloomberg anticipating a 4 percent rise from last month. Early sales figures for the Nintendo 3DS, which went on sale on Feb. 26, may be released.
WHAT TO WATCH *Industrial production figures for January released at 8:50 a.m. *Retail sales for January released at 8:50 a.m. *NEC briefs on its cloud software strategy at 11:30 a.m. *CLSA’s Christopher Wood gives a global strategy outlook at the CLSA Japan Forum. *KDDI shows off the company’s new lineup of handsets at a briefing. 10 a.m. *Japan Airlines President Masaru Onishi briefs press. 10 a.m. *Housing starts for January at 2 p.m. *First-day sales figures for the Nintendo 3DS may be released sometime today. *Heiwa Real Estate releases the terms of its 13.4 billion yen share sale. Time not available.
EQUITY PREVIEW *Dydo (2590 JT) said its full-year net income rose to 2.69 billion yen. *East Japan Railway (9020 JT) will bid for California’s high- speed rail, the Nikkei newspaper said. *J. Front Retailing (3086 JT) will buy 40.5 percent of StylingLife Holdings from Sony, Mitsui and Senshukai. *Mizuho Financial Group (8411 JT) may make Mizuho Securities and two other banking companies into wholly owned units. *Namco Bandai (7832 JT) will buy back up to 8 percent of its shares. *NEC (6071 JT) cut its fiscal 2010 profit forecast to breakeven. *Yoshinoya (9861 JT) will make Kyotaru (8187 JT) a wholly owned subsidiary.
ANALYST RATINGS FOR NIKKEI 225 COMPANIES *Mitsubishi Electric (6503 JT) raised to “outperform” at Nikko Cordial. *Toshiba (6502 JT) raised to “outperform” at Nikko Cordial. *NEC (6701 JT) cut to “neutral” at Goldman Sachs and “underperform” at Nikko Cordial. *Furukawa Electric (5801 JT) cut to “neutral” at Credit Suisse.
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.