JAPAN DAYBOOK: Takeda, Nissan, Astellas, Current Account

Takeda Pharmaceutical is said to be in talks to acquire Swiss drugmaker Nycomed. Nissan is among a long list of companies reporting earnings today. Drugmakers Astellas and Daiichi Sankyo report before the close of trading. Japan’s current account surplus is expected to have dropped in March, after the earthquake that month cut exports.

ECONOMY *8:50am Current account balance March; survey -32.0%,

prior +3.0% *8:50am Current account March; survey 1.75t yen, prior 1.641t *8:50am Adjusted current account March; survey 972.2b yen,

prior 1.2098t *8:50am Trade balance - BOP basis March; survey 305.0b yen,

prior 723.3b *8:50am Money supply M2 April; survey +2.7%, prior +2.7% *8:50am Money supply M3 April; survey +2.0%, prior +2.0% *8:50am Bank lending ex-trusts April; prior -1.8% *8:50am Transactions in international securities weekly *11:00am Tokyo office vacancy rate April; prior 9.19% *1:30pm Bankruptcies April; prior -10.0% Y/Y *3:00pm Machine tool orders April; prior +49.6% *3:00pm Eco watchers survey current April; prior 27.2 *3:00pm Eco watchers survey outlook April; prior 26.6

GOVERNMENT *Economy Minister Yosano speaks at Foreign Correspondents’ Club of Japan 1pm *Chief Cabinet Secretary Edano 11am, 4pm regular briefings

CORPORATE *2:30pm Japan Chamber of Commerce Chairman Tadashi Okamura holds briefing, Nikkei says *5:00pm Fukushima Dai-Ichi nuclear accident regular briefing

EARNINGS *Maruichi Steel Tube (5463 JP) FY 11am *Yamaha Motor (7272 JP) 1Q net est. 28.2b yen, sales 1.41t yen, op profit 64.2b yen 11:30am *Konami (9766 JP) FY net est. 11.7b yen, sales 258b yen 12pm, op profit 22.1b yen 11:30am *Chiyoda (6366 JP) FY net est. 6.2b yen 12pm *JX Holdings (5020 JP) FY net est. 347b yen, sales 9.6t yen, op profit 286b yen 1pm *Isetan Mitsukoshi (3099 JP) FY net est. 5.3b yen, sales 1.22t Yen, op profit 10.5b yen 1:30pm *Daiichi Sankyo (4568 JP) FY net est. 71.2b yen, sales 964b yen, op profit 125b yen 1:30pm *Fuji Media Holdings (4676 JP) FY net est. 11.6b yen, sales 592b Yen, op profit 24b yen 2:30pm *Sumitomo Realty & Development (8830 JP) FY net est. 54.4b yen, sales 732b yen, op profit 135b yen 2:30pm *Astellas Pharma (4503 JP) FY net est. 79.1b yen, sales 943b yen, op profit 119b yen 2:30pm *Sumitomo Metal Mining (5713 JP) FY net est. 74.8b yen 3pm *Konica Minolta Holdings (4902 JP) FY net est. 17.9b yen, sales 776b yen, op profit 41b yen 3pm *Nippon Sheet Glass (5202 JP) FY net est. 1.83b yen, sales 575b Yen, op profit 16b yen 3pm *NSK (6471 JP) FY net est. 23b yen, sales 713b yen, op profit 43b yen 3pm *Shinsei Bank (8303 JP) FY net est. 43b yen, revenue 290b yen, op profit 133b yen 3pm *Japan Tobacco (2914 JP) FY net est. 128b yen, sales 6.13t yen, op profit 310b yen 3pm *THK (6481 JP) FY net est. 12.9b yen, sales 193b yen, op profit 21b yen 3pm *Nissan Motor (7201 JP) FY net est. 303b yen, sales 8.77t yen, op profit 524b yen 3pm *Tohoku Electric Power Co (9506 JP) FY net loss est. -3.74b yen, sales 1.71t yen 3pm (2 analysts) *Kintetsu (9041 JP) FY 3pm *Elpida (6665 JP) FY net est. 0.8b yen, sales 515b yen, op profit 34b yen *Mitsubishi Materials (5711 JP) FY net est. 9.3b yen (2 analysts), sales 1.3t yen, op profit 54b yen 3pm *Rakuten (4755 JP) 1Q 3:10pm *Nikon (7731 JP) FY net est. 27.8b yen, sales 866b yen, op profit 47b yen 3:30pm *Dentsu (4324 JP) FY net est. 19.9b yen, sales 1.82t yen, op profit 51b yen 3:30pm *Acom Co. (8572 JP) FY co. net loss est. 202.6b yen 3:30pm *Otsuka Holdings (4578 JP) FY net est. 83b yen, sales 1.11t yen, op profit 122b yen 4pm *Aozora Bank (8304 JP) FY net est. 31b yen (2 analysts), sales 81b yen 4pm *GS Yuasa (6674 JP) FY net est. 11b yen, sales 278b yen, op profit 18b yen 4pm *Kikkoman (2801 JP) FY net est. 7.7b yen, sales 284b yen, op profit 20b yen 4:30pm

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