Fast Retailing releases sales figures for its Uniqlo clothing chain for February. Sales rose in January for the first time in six months.
WHAT TO WATCH *The Bank of Japan reports the monetary base for February at 8:50 a.m. *SBO Securities, kabu.com Securities, Monex Securities and Rakuten Securities will jointly brief on online sales of mutual funds at 11 a.m. *Auction result of Treasury Discount Bills at 12:35 p.m. *Eli Lilly’s Japan unit briefs on earnings at 2 p.m. *Fast Retailing (9983 JT) releases same-store sale data for its Uniqlo stores in February at 3:05 p.m. Sales in January rose for the first time in six months. *Nissan Motor (7201 JT) briefs on its ‘Life On Board’ well-being technologies at 3:30 p.m. *Yushiro Chemical Industry (5013 JT) releases the terms of a 1.48 billion yen share sale. Time not available.
EQUITY PREVIEW *ANA (9202 JT) said it will seek to almost double revenue on its international routes by 2015, the Nikkei newspaper said. *Hitachi (6501 JT) The UK government said that a train renewal project worth 600 billion yen will go ahead as planned. A consortium led by the Japanese electronics maker is the preferred bidder. *Industrial & Infrastructure Fund Investment (3249 JT) will sell shares to the public for 405,945 yen each. *Nippon Telegraph and Telephone expects to add 2.1 million subscribers to its fiber-optic service in fiscal 2011. *Tomoe Engineering (6309 JT) raised its first-half net income forecast 29 percent. *Toyota Motor (7203 JT) said it is recalling vehicles in Taiwan. *United Urban Investment (8960 JT) plans to raise up to 64.9 billion yen through a share sale. *Seven & I (3382 JT) will increase its stake in Tower Records Japan
ANALYST RATINGS FOR NIKKEI 225 COMPANIES *Daiichi Sankyo (4568 JT) cut to “underweight” at JPMorgan *Toto (5332 JT) raised to “outperform” at Daiwa *Ube Industries (4208 JT) initiated “neutral” at Nikko *Shin-Etsu Chemical (4063 JT) initiated “underperform” at Nikko *Mitsubishi Chemical (4188 JT) initiated “outperform” at Nikko *Sumco Corp (3436 JT) initiated “underperform” at Nikko *Mitsui Chemicals (4183 JT) initiated “underperform” at Nikko *Showa Denko (4004 JT) initiated “neutral” at Nikko *Tosoh (4042 JT) initiated “underperform” at Nikko *Sumitomo Chemical (4005 JT) initiated “neutral” at Nikko *Asahi Kasei (3407 JT) initiated “outperform” at Nikko *Mitsubishi Materials (5711 JT) initiated “hold” at Deutsche *Toray Industries (3402 JT) raised to “buy” at Citi