JAPAN DAYBOOK: Nintendo, KDDI, Nidec Earnings; Auto Production
Nintendo may forecast its first profit increase in three years. KDDI reports full-year earnings, with analyst forecasts below the company’s last estimate.
WHAT TO WATCH *Nintendo (7974 JP) earnings forecast 4pm; may forecast first profit gain in three years, following 3DS release *KDDI reports full-year earnings; analyst estimates avg. 233b yen, below company forecast 240b yen; 3pm *Toyota (7203 JT) Executive Vice President Niimi on April 22 said automaker unlikely to reach 2011 production target of 7.7m vehicles; company expects production back to normal by December *Bank of Japan may cut fiscal 2011 real growth forecast to 0.8% from 1.6%, Nikkei says; semi-annual report due April 28 *NTT Data (9613 JP) may pay 250m euros for Value Team SpA, Nikkei reports
ECONOMY *08:50am Corp service price index. Survey -1.2% YoY *02:00pm Supermarket sales. Prior +0.6% YoY
GOVERNMENT *Upper house budget committee nuclear issue discussion *Chief Cabinet Secretary Edano morning, afternoon briefings *Vice finance minister regular briefing, afternoon.
CORPORATE *Automaker March production figures 11 a.m.-1:30 pm
EARNINGS *JSR (4185 JP) FY 2011 net est. 25.4b yen 1pm; business plan briefing 3:30pm *KDDI (9433 JP) FY 2011 net est. 233b yen 3pm *Kagome (2811 JP) FY 2011 3pm *Nidec (6594 JP) FY 2011 net est. 53.5b yen 3:20pm *Nintendo (7974 JP) FY 2011 net est. 90.4b yen 4pm
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