Japan Stocks to Watch: Fanuc, HIS, Hokuetsu, Toshiba, TV Tokyo

Nikkei 225 stock futures as of early Saturday were pointing to a decline at the open today, with the dollar having gained against the yen.

Topix on Friday rose for 11th session for longest winning streak since 2009 with vol. ~40% above 30-day avg. Nikkei gained 0.1%, led by Yahoo Japan and Hokuetsu Paper.

(Updates preview originally published May 29.)

  • Access (4813 JP): 1Q oper. loss narrows 25% to 287m yen, sales +23% to 1.68b yen
  • Cookpad (2193 JP): To split stock 3-for-1 effective July 1
  • Cosmo Oil (5007 JP): Mitsubishi UFJ Morgan Stanley raises to neutral from underweight, PT 188 yen
  • Eisai (4523 JP): Halaven improves survival by 2 mos. in rare cases
  • Fanuc (6954 JP): Will retire 14.01% of shrs on June 10, in line with policy announced last month
  • HIS (9603 JP): 1H oper. profit +20% to 10b yen, sales +3.2% to 260.8b yen; FY forecasts unchanged
  • Hokuetsu Kishu Paper (3865 JP): Forecasts FY oper. profit +47% to 9b yen vs est. 8.87b yen (3 analysts); expects net income -22% to 6.5b yen vs est. 9.47b yen; co. on previous day gave prelim. earnings for yr ended March 31
  • Ito En (2593 JP): FY current profit likely -50% to 11b yen, Nikkei reports; mean analyst est. 10.5b yen; reports today
  • Itochu (8001 JP): Itochu unit Kwik-Fit Netherlands denies Telegraph report of possible takeover by Michelin unit, ANP reports
  • Marubeni (8002 JP): SMBC Nikko cuts to neutral, PT 790 yen
  • Mitsui & Co. (8031 JP): SMBC Nikko cuts to neutral, PT 1,800 yen
  • Nippon Steel (5401 JP): Nippon Steel, Posco unwind mutual investments in Southeast Asia, Nikkei reports
  • Nomura (8604 JP): Nomura, RBS seek delay of order to pay U.S. damages of $806m during appeal process
  • Oliver (7959 JP): 1H oper. profit +5.5% to 1.63b yen, sales +1.% to 12.8b yen; FY forecasts unchanged
  • Osaka Titanium (5726 JP): Iwai Cosmo rates neutral plus, PT 3,400 yen
  • Pasona (2168 JP):Mitsubishi UFJ Morgan Stanley raises to overweight from neutral, PT 1,300 yen
  • Sanrio (8136 JP): Mitsubishi UFJ Morgan Stanley cuts to neutral from overweight, PT 3,400 yen
  • Shinsei Bank (8303 JP): Buys GE Japan’s 65b yen property loan portfolio;
  • Showa Denko (4004 JP): Iwai Cosmo raises to neutral plus from neutral, PT 195 yen
  • Success Holdings (6065 JP): J-Com (2462 JP) offers 1,700 yen/shr to raise stake to 50.1%; last close 1,195 yen
  • Sumitomo Rubber (5110 JP): To get 30b-40b yen from ending Goodyear alliance, Nikkei reports
  • Teijin (3401 JP): UBS raises to buy
  • Tomoe Engineering (6309 JP): Cuts FY oper. profit forecast 30% to 1.28b yen; reduces sales target 5.5% to 40.4b yen
  • Toshiba (6502 JP): Considers restoring dividend, Nikkei reports; will hold AGM June 25; management to return salary; independent probe report expected mid-July; expect to submit FY14 report by end-Aug.
  • TV Tokyo (9413 JP): Mitsubishi UFJ Morgan Stanley cuts to underweight from neutral, PT 1,640 yen

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