JAPAN DAYBOOK: Tokyo Governor Ishihara, Calbee Shares Trade
Tokyo Governor Shintaro Ishihara may announce plans to seek re-election. Calbee, part owned by PepsiCo, starts trading on the Tokyo exchange.
WHAT TO WATCH *Cabinet morning meeting followed by minster briefings. *Calbee Inc. (2229 JT) starts trading on Tokyo exchange. *Japan Feb. utilities power output 11 am. *Japan Feb. utilities fuel consumption 11 am. *Tokyo Governor Shintaro Ishihara holds briefing 3 pm. *Osaka Gas (9532 JT) business plan briefing 4 pm.
MEDIA *Japan’s Kan Received Donation From Foreign Resident, Asahi *Bain Capital in Talks With Nomura to Buy Skylark, Nikkei *Tomy to Buy Thomas the Tank Engine Maker RC2, Nikkei *Citigroup Hires Former JPMorgan Banker Jimbo in Japan, WSJ *Nippon Life to Acquire 26% Stake in Reliance Life, Asahi
TOP STORIES *Tokyo, Osaka Bourse Merger Too Late, Too Local *Hirai Becomes Top Sony ‘Musketeer’ *Top Developers to Sell Bonds on Property Recovery: Credit
EQUITY MOVERS *1st Holdings (3644 JQ) will acquire VarioSecure Networks Inc. (3809 JP) for 6.7 billion yen. *IHI (7013 JT) plans to sell 20 billion yen of five-year convertible bonds to overseas investors. *Seven & I (3382 JT) will report operating profit of about 242 billion yen for the year ended Feb. 28, the Nikkei newspaper said. *Shionogi (4507 JT) will end development of its S-2367 obesity drug in the U.S., the Nikkei newspaper reported. *Star Micronics (7718 JT) reported full-year net income of 160 million yen. It had forecast an 800 million yen loss.
ANALYST RATINGS FOR NIKKEI 225 COMPANIES *Daikin (6367 JT) raised to buy at Deutsche. *Shionogi (4507 JT) cut to hold at Citi. *Mitsubishi Heavy (7011 JT) raised to buy at Nomura. *Dowa Holdings (5714 JT) initiated neutral at Mitsubishi UFJ Morgan.
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