Japan Stocks to Watch: ANA, Chubu Electric, Gumi, Ito En, Pigeon

Topix, Nikkei rise to extend their winning streaks to 12 days; day’s volume for both benchmarks in line with 30-day average.

  • Ajinomoto (2802 JP): Will invest $25m to build noodle plant in North America
  • ANA (9202 JP): Will start Tokyo-Brussels route from this winter; CEO says he supports existing Skymark revival plan
  • Aohata (2830 JP): Raises FY oper. profit 50% to 470m yen
  • Chubu Electric (9502 JP): JPMorgan raises to overweight from neutral, PT 2,500 yen
  • Chugoku Electric (9504 JP): JPMorgan cuts to neutral from overweight, PT 2,000 yen
  • Fields (2767 JP): Co. to buy Aristocrat Leisure’s Japan ops
  • Gumi (3903 JP): Prelim. FY oper. profit 416m yen, beating co.’s forecast of 400m yen loss; sales 3.9% above target at 27.5b yen
  • Hokuriku Electric (9505 JP): JPMorgan raises to neutral from underweight, PT 1,700 yen
  • Ito En (2593 JP): Forecasts FY oper. profit +32% to 15b yen vs est. 14.1b yen (5 analysts); net income, sales targets also beat consensus
  • Japan Prime Realty (8955 JP): Seeks to raise 19b yen in public shr sale
  • Legs (4286 JP): Raises FY oper. profit 3.6% to 725m yen; reduces sales target 5.6% to 11.9b yen
  • Mizuho (8411 JP): Will dispose of cross-shareholdings that ’lack meaning’
  • Nippon TV (9404 JP): Mitsubishi UFJ Morgan Stanley cuts to neutral from overweight, PT 1,960 yen
  • Pigeon (7956 JP): 1Q oper. profit +34% y/y to 3.6b yen vs est. 3.02b yen (3 analysts); sales +16% to 21.8b yen
  • SoftBank (9984 JP): Will raise stake in Supercell to 73.2%
  • Sony Financial (8729 JP): Raises dividend payout target to 40-50%, targets 200b yen oper. profit in yr to March 2018 in mid-term plan
  • Tasaki Shinju (7968 JP): Raises FY oper. profit forecast 48% to 2.67b yen; lifts sales 9.4% to 22.6b yen
  • TonenGeneral (5012 JP): SMBC Nikko raises to outperform from neutral, PT 1,500 yen

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