JAPAN DAYBOOK: Mitsubishi UFJ Financial, Machinery Orders

Mitsubishi UFJ Financial Group reports earnings after rivals Mizuho Financial and Sumitomo Mitsui Financial forecast profit above analysts’ estimates. Machinery orders for March, the month of Japan’s record earthquake, are expected to show the first decline in three months.

ECONOMY *8:50am Machinery orders March; survey -8.0% y/y; prior +7.6% *8:50am Domestic CGPI April; survey +2.1% y/y, prior +2.0% *2:00pm Consumer confidence April; survey 36.7, prior 38.6 *3:00pm European Central Bank’s Noyer Speaks in Tokyo

GOVERNMENT *Vice Finance Minister regular briefing, time NA *Chief Cabinet Secretary Edano briefings 11am, 4pm

CORPORATE *April beer shipments 10am *Tokyo Steel Manufacturing June contract prices 11am *DoCoMo introduces new phones 11:30am *Ohtsuka Holdings business plan briefing 3pm

EARNINGS *Mitsubishi Electric (6503 JP) FY net income est. 137b yen, sales 3.64t yen, op profit 244b yen 1:30pm *Asics (7936 JP) FY net income est. 11b yen, sales 238b yen, op profit 22b yen 3pm *NTN (6472 JP) FY net income est. 11b yen, sales 526b yen, op profit 22b yen *Mitsubishi UFJ (8306 JP) FY net income est. 531b yen, revenue 3.5t yen, op profit 1.08t yen

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